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REGISTERED NUMBER: 03528301 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31st March 2022

for

Corporate Administration Management Ltd

Corporate Administration Management Ltd (Registered number: 03528301)






Contents of the Financial Statements
for the Year Ended 31st March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Corporate Administration Management Ltd

Company Information
for the Year Ended 31st March 2022







DIRECTORS: S D Rebbetts
D S Jenkins
C J Hunt



SECRETARY: S D Rebbetts



REGISTERED OFFICE: Ansty House
Henfield Road
Small Dole
Henfield
West Sussex
BN5 9XH



REGISTERED NUMBER: 03528301 (England and Wales)



ACCOUNTANTS: Sigma Partners
Chartered Certified Accountants
Gloucester House
Church Walk
Burgess Hill
West Sussex
RH15 9AS



BANKERS: HSBC
167 Dyke Road
Seven Dials
Hove
East Sussex
BN3 1TX

Corporate Administration Management Ltd (Registered number: 03528301)

Balance Sheet
31st March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,757 3,886
Investments 5 1 1
1,758 3,887

CURRENT ASSETS
Debtors 6 8,940,267 10,099,717
Cash at bank 1,521,469 72,978
10,461,736 10,172,695
CREDITORS
Amounts falling due within one year 7 12,594,856 12,558,440
NET CURRENT LIABILITIES (2,133,120 ) (2,385,745 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,131,362

)

(2,381,858

)

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 39,929 39,929
Retained earnings (2,181,291 ) (2,431,787 )
SHAREHOLDERS' FUNDS (2,131,362 ) (2,381,858 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

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.

Corporate Administration Management Ltd (Registered number: 03528301)

Balance Sheet - continued
31st March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th August 2022 and were signed on its behalf by:





D S Jenkins - Director


Corporate Administration Management Ltd (Registered number: 03528301)

Notes to the Financial Statements
for the Year Ended 31st March 2022

1. STATUTORY INFORMATION

Corporate Administration Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Corporate Administration Management Ltd (Registered number: 03528301)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
Although the company's liabilities exceed it's assets by £2,131,362 the accounts have been prepared on a going concern basis as the ultimate controlling party has confirmed that they will not draw down on their loan account until all creditors claims have been settled.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2021 47,203
Additions 1,793
At 31st March 2022 48,996
DEPRECIATION
At 1st April 2021 43,317
Charge for year 3,922
At 31st March 2022 47,239
NET BOOK VALUE
At 31st March 2022 1,757
At 31st March 2021 3,886

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2021
and 31st March 2022 1
NET BOOK VALUE
At 31st March 2022 1
At 31st March 2021 1

Corporate Administration Management Ltd (Registered number: 03528301)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 61,961 18,519
Other debtors 8,878,306 10,081,198
8,940,267 10,099,717

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 28,122 25,840
Other creditors 12,566,734 12,532,600
12,594,856 12,558,440

Corporate Administration Management Ltd (Registered number: 03528301)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

8. RELATED PARTY DISCLOSURES

The following sales to related party transactions arose during the year:

Entity Nature of relationship 2022 £ 2021 £

M J Hunt Majority shareholder 242,000 242,000
Singing Hills Golf Course Ltd Common control 23,228 25,170
East Sussex National Ltd Common Control 102,610 102,019
Managed Legal Solutions Ltd Significant Influence 121,584 140,560
Serviced Office Company Ltd Common Control 12,590 12,559
Metropolis Entertainment Ltd Common Control 3,770 3,739
Perinon Ltd Common Control 15,590 15,260
Zanlia Ltd Common Control nil 250
Swynson Ltd Common Control nil 250

Interest of £287,836 was receivable on the loan from Managed Legal Solutions Ltd in the period to 31st March 2022 (2021 - £265,509) .

The following loan balances were outstanding at the balance sheet date:



Entity


Nature of relationship

Loan (from/to
2022 £


)
Loan
(from/to
2021 £


)

M J Hunt Majority Shareholder (12,536,321 ) (12,505,726 )
Port Solent Properties Ltd Subsidiary 919,509 919,221
Managed Legal Solutions Ltd Significant Influence 7,021,671 8,202,205

The following debtor balances were outstanding at the balance sheet date:

Entity Nature of relationship 2022 £ 2021 £

M J Hunt Majority Shareholder 24,200 -
Singing Hills Golf Course Ltd Common Control 2,544 5,121
East Sussex National Ltd Common Control 30,649 10,080
Serviced Office Company Ltd Common Control 1,200 1,200
Metropolis Entertainment Ltd Common Control 1,343 318
Perinon Ltd Common Control 1,500 1,500

Accrued income of £135,196 related to interest accruing but not yet charged on the loan to Managed Legal Solutions Ltd as at the balance sheet date (£2021 - £154,317)

9. ULTIMATE CONTROLLING PARTY

The controlling party is M J Hunt.