Registered Number 07511715
CERESTE HOLDINGS LIMITED
Abbreviated Accounts
30 September 2014
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Investments | 2 |
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Current assets | |||
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Small Entities (effective April 2008).
Compliance with Accounting Standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (excepted as otherwise stated).
Other accounting policies
Fixed asset investments are stated at cost less provision for diminution in value.
Group Accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
Going Concern
The company is dependent on the continued support of the company's directors and other creditors. Continuing finance is required to enable the company to meet its liabilities as they fall due and to continue operating without realisation of all its assets. The directors believe that continuing finance will be available and that it is therefore appropriate to prepare accounts on a going concern basis. However, should continuing finance not be available, the going concern basis would be invalid and adjustments would have to be made to reduce the value of the assets to their realisable amounts and to provide for any further liabilities which might arise. The going concern has arisen in the year 2013, due to the write off of the investment in Premier Finishing & Mailings Services Limited, which went into voluntary liquidation in October 2012.
Related Party Relationships and Transactions
Amounts owed to directors and other transactions:
At the balance sheet date M Cereste was owned £56 (2013 £92,047 by the company). This loan is interest free and repayable on demand.
At the balance sheet date the company owed £77,207 (2013 £88,103) to Cereste Consultancy Limited, a wholly owned subsidiary of the company.
At the balance sheet date the company was owed £11,000 (2013 £Nil) from St Joseph's Day Nursery Limited, a wholly owned subsidiary of the company.
2
Fixed assets Investments
At 1 October 2013 - £250
Additions - £4,000
At 30 September 2014 - £4,250
Holdings of More Than 20%
The company holds more than 20% of the share capital of the following companies:
Company - Subsidiary undertakings : Cereste Consultancy Limited - Country of Registration or Incorporation : England - Shares Held : Class Ordinary 100.00%
Company - Subsidiary undertakings : St Joseph's Day Nursery Limited - Country of Registration of Incorporation : England - Shares Held : Class Ordinary 100.00%
Company - Subsidiary undertakings - Participating Interest : Peterborough Finishing & Mailing Services Limited - Country of Registration of Incorporation : England - Shares Held : Class Ordinary 50.00%
The arrogate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Cereste Consultancy Limited - Principal activity : Consultancy - Capital and Reserves 2014 £135,351 - Profit/(Loss) for the Year 2014 £(46,973)
St Joseph's Day Nursery Limited - Principal activity : Children's Day Nursery - Capital and Reserves 2014 £(281,704) - Profit/(Loss) for the Year 2014 £(45,620)
Peterborough Finishing & Mailing Services Limited - Principal Activity : Promotion, finishing and mailing of magazines - Capital and Reserve 2014 £38,577 - Profit/(Loss) for the Year 2014 £79,226