Crosspoint Holdings Limited - Accounts to registrar (filleted) - small 18.2
Crosspoint Holdings Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
CROSSPOINT HOLDINGS LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
8 AUGUST 2019 TO 30 NOVEMBER 2020 |
CROSSPOINT HOLDINGS LIMITED (REGISTERED NUMBER: 12146712) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8 AUGUST 2019 TO 30 NOVEMBER 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CROSSPOINT HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 8 AUGUST 2019 TO 30 NOVEMBER 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Elfed House |
Oak Tree Court |
Cardiff Gate Business Park |
CARDIFF |
County of Cardiff |
CF23 8RS |
CROSSPOINT HOLDINGS LIMITED (REGISTERED NUMBER: 12146712) |
BALANCE SHEET |
30 NOVEMBER 2020 |
Notes | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
The financial statements were approved for issue by the Board of Directors and authorised for issue on |
CROSSPOINT HOLDINGS LIMITED (REGISTERED NUMBER: 12146712) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8 AUGUST 2019 TO 30 NOVEMBER 2020 |
1. | STATUTORY INFORMATION |
Crosspoint Holdings Limited is a |
The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound. |
The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
There have been no material departures from Financial Reporting Standard 102. |
Going concern |
As at 30 November 2020 there were net liabilities of £6,885. The directors consider the going concern basis adopted for these financial statement to be appropriate, based upon the continued support of a director. |
The directors are satisfied that despite the Coronavirus pandemic, it is appropriate for the company's financial statements to be prepared on a going concern basis. The pandemic has resulted in a number of uncertainties arising and the directors have taken steps to minimise the effect on the company and will continue to do so. In the circumstances they have concluded that no adjustments or additional disclosures are required to the financial statements at this time. |
Preparation of consolidated financial statements |
The financial statements contain information about Crosspoint Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
CROSSPOINT HOLDINGS LIMITED (REGISTERED NUMBER: 12146712) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 8 AUGUST 2019 TO 30 NOVEMBER 2020 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 30 November 2020 |
NET BOOK VALUE |
At 30 November 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
Called up share capital not paid |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Corporation tax |
Amounts owed to group |
undertakings |
Directors' current accounts | 1,535,226 |
Accruals and deferred income |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Director's current account | 1,535,226 |
The borrowings are secured by way of fixed and floating charges over the assets of the company. |
8. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 1,000 |
1,000 Ordinary shares of £1 each were allotted |