REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements |
|
for the period |
|
1 April 2019 to 31 December 2019 |
|
for |
|
CPL TRAINING GROUP LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements |
|
for the period |
|
1 April 2019 to 31 December 2019 |
|
for |
|
CPL TRAINING GROUP LIMITED |
CPL TRAINING GROUP LIMITED (REGISTERED NUMBER: 06976381) |
|
Contents of the Financial Statements |
for the period 1 April 2019 to 31 December 2019 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
CPL TRAINING GROUP LIMITED |
|
Company Information |
for the period 1 April 2019 to 31 December 2019 |
|
|
|
|
|
|
|
Directors: |
|
|
|
|
|
|
|
|
Registered office: |
|
|
|
|
|
|
|
|
|
|
Registered number: |
|
|
|
|
|
|
Auditors: |
|
Northern Assurance Buildings |
9-21 Princess Street |
Manchester |
M2 4DN |
CPL TRAINING GROUP LIMITED (REGISTERED NUMBER: 06976381) |
|
Balance Sheet |
31 December 2019 |
|
2019 | 2019 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 5 |
|
|
Tangible assets | 6 |
|
|
Investments | 7 |
|
|
|
|
|
Current assets |
Debtors | 8 |
|
|
Cash at bank |
|
|
|
|
Creditors |
Amounts falling due within one year | 9 |
|
|
Net current assets/(liabilities) |
|
( |
) |
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
|
|
Net assets |
|
|
|
Capital and reserves |
Called up share capital | 11 |
|
|
Retained earnings |
|
|
Shareholders' funds |
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
signed on its behalf by: |
|
|
|
|
|
|
|
CPL TRAINING GROUP LIMITED (REGISTERED NUMBER: 06976381) |
|
Notes to the Financial Statements |
for the period 1 April 2019 to 31 December 2019 |
|
|
1. | Statutory information |
|
CPL Training Group Limited is a
|
company's registered number and registered office address can be found on the Company Information page. |
|
The company's trading address is Bridge Court, 110 Canning Street, Birkenhead, CH41 1EW. |
|
2. | Statement of compliance |
|
|
|
3. | Accounting policies |
|
Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention unless otherwise specified |
within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the |
Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. |
|
The following principal accounting policies have been applied: |
|
Going concern |
On 1 January 2020, the company hived up their trade, assets and liabilities to CPL Learning Limited and then |
ceased to trade. CPL Learning Limited is a company under common control. |
|
Preparation of consolidated financial statements |
The financial statements contain information about CPL Training Group Limited as an individual company and |
do not contain consolidated financial information as the parent of a group. The company is exempt under |
Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as |
it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its |
parent, Mondiale Hospitality Holdings LLP, Waterloo Place, Watson Square, Stockport, Cheshire, SK1 3AZ. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Revenue is recognised to the extent that is is probable that the economic benefits will flow to the company and |
the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or |
receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also |
be met before revenue is recognised: |
|
Revenue to provide services is recognised in the period in which the services are provided in accordance with |
the stage of completion when all the following conditions are satisfied. |
|
• the amount of revenue can be measured reliably; |
|
• it is probable that the company will receive the consideration; |
|
Intangible assets |
Goodwill represents the difference between amounts paid on the cost of a business combination and the |
acquirer's interest in the fair value of its identifiable assets and liabilities of the aquiree at the date of |
acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and |
accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of |
comprehensive income over its useful economic life of 3 years. |
CPL TRAINING GROUP LIMITED (REGISTERED NUMBER: 06976381) |
|
Notes to the Financial Statements - continued |
for the period 1 April 2019 to 31 December 2019 |
|
|
3. | Accounting policies - continued |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any |
accumulated impairment losses. Historical costs includes expenditure that is directly attributable to bringing the |
asset to the location and condition necessary for it to be capable of operating in the manner intended by |
management. |
|
Investments in subsidiaries |
Investments in subsidiaries are measured at cost less accumulated impairment. |
|
Financial instruments |
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual |
obligations, rather than its legal form. |
|
The company's cash at bank and in hand and trade and other debtors and its trade and other creditors and |
bank overdrafts are measured initially at the transaction price, including transaction costs, and subsequently at |
amortised cost using the effective interest method. Debt instruments that are payable or receivable within one |
year are measured at the undiscounted amount of the cash or other consideration expected to be paid or |
received. |
|
Current and deferred 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. |
|
Operating leases |
Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight line |
basis over the lease term. |
|
Pension costs and other post-retirement benefits |
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension |
plan under which the Company pays fixed contributions into a separate entity. Once the contributions have |
been paid the Company has no further payment obligations. |
|
The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. |
Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the |
plan are held separately from the Company in independently administered funds. |
|
Debtors |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured |
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the |
effective interest method, less any impairment. |
|
Creditors |
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are |
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost |
using the effective interest method. |
|
4. | Employees and directors |
|
The average number of employees during the period was
|
CPL TRAINING GROUP LIMITED (REGISTERED NUMBER: 06976381) |
|
Notes to the Financial Statements - continued |
for the period 1 April 2019 to 31 December 2019 |
|
|
5. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 April 2019 |
and 31 December 2019 |
|
Amortisation |
At 1 April 2019 |
|
Charge for period |
|
At 31 December 2019 |
|
Net book value |
At 31 December 2019 |
|
At 31 March 2019 |
|
|
6. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 April 2019 |
|
|
|
Additions |
|
|
|
Disposals | ( |
) | ( |
) | ( |
) |
At 31 December 2019 |
|
|
|
Depreciation |
At 1 April 2019 |
|
|
|
Charge for period |
|
|
|
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 December 2019 |
|
|
|
Net book value |
At 31 December 2019 |
|
|
|
At 31 March 2019 |
|
|
|
CPL TRAINING GROUP LIMITED (REGISTERED NUMBER: 06976381) |
|
Notes to the Financial Statements - continued |
for the period 1 April 2019 to 31 December 2019 |
|
|
7. | Fixed asset investments |
|
Subsidiary undertakings |
|
The following were subsidiary undertakings of the Company: |
|
|
Name Class of |
shares Holding |
|
UK Legion Marketing Ltd | Ordinary | 100% |
CPL Training Limited | Ordinary | 100% |
CPL Online Limited (previously CPL Learning Limited) | Ordinary | 100% |
ABV Training Limited | Ordinary | 100% |
CPL Legal Limited | Ordinary | 100% |
CPL Publications Limited | Ordinary | 100% |
P L Experts Limited | Ordinary | 100% |
CPL Hospitality Limited | Ordinary | 100% |
|
8. | Debtors: amounts falling due within one year |
2019 | 2019 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
Prepayments and accrued income |
|
|
|
|
|
9. | Creditors: amounts falling due within one year |
2019 | 2019 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
10. | Leasing agreements |
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2019 |
£ | £ |
Within one year |
|
|
|
11. | Called up share capital |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2019 |
value: | £ | £ |
|
Ordinary | £0.01 | 200 | 200 |
CPL TRAINING GROUP LIMITED (REGISTERED NUMBER: 06976381) |
|
Notes to the Financial Statements - continued |
for the period 1 April 2019 to 31 December 2019 |
|
|
12. | Disclosure under Section 444(5B) of the Companies Act 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
13. | Pension commitments |
|
The company operates a defined contributions pension scheme. The assets of the scheme are held separately |
from those of the company in an independently administered fund. The pension cost charge represents |
contributions payable by the company to the fund amounted to £25,661 (31 March 2019 - £7,488). |
Contributions totalling £3,672 (31 March 2019 - £1,937) were payable to the fund at the reporting date and are |
included in creditors. |
|
14. | Related party transactions |
|
During the period a management charge of £nil (31 March 2019 - £5,000) had been charged to a company |
under common control. |
|
During the period, amounts owed to directors of £17,000 (31 March 2019 - £nil) was waived. |
|
15. | Post balance sheet events |
|
On 1 January 2020, the company hived up their trade, assets and liabilities to CPL Learning Limited and then |
ceased to trade. CPL Learning Limited is a company under common control. |
|
16. | Ultimate controlling party |
|
The immediate parent undertaking of the company is CPL Hospitality Group Limited, incorporated in England |
and Wales. The registered office of CPL Hospitality Group Limited is Waterloo Place, Watson Square, |
Stockport, England, SK1 3AZ. |
|
The parent undertaking of the smallest and largest group for which consolidated accounts are prepared is |
Mondiale Hospitality Holdings LLP. Consolidated accounts are available from their registered office at Waterloo |
Place, Watson Square, Stockport, Cheshire, SK1 3AZ. |
|
Mondiale Hospitality Holdings LLP is ultimately controlled by D S Walsh. |