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REGISTERED NUMBER: 12931588 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2022

for

CQM FIFTH LTD

CQM FIFTH LTD (REGISTERED NUMBER: 12931588)






Contents of the Financial Statements
FOR THE YEAR ENDED 30TH SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CQM FIFTH LTD

Company Information
FOR THE YEAR ENDED 30TH SEPTEMBER 2022







DIRECTOR: Mr Kamran Saeed





REGISTERED OFFICE: 9 Hind Close
London
United Kingdom
IG7 4EA





REGISTERED NUMBER: 12931588 (England and Wales)





ACCOUNTANTS: Silver Arc
Chartered Certified Accountants
1 Quality Court
Chancery Lane
London
WC2A 1HR

CQM FIFTH LTD (REGISTERED NUMBER: 12931588)

Balance Sheet
30TH SEPTEMBER 2022

30/9/22 30/9/21
Notes £    £   
FIXED ASSETS
Intangible assets 4 8,000 9,000
Tangible assets 5 139,315 162,885
147,315 171,885

CURRENT ASSETS
Debtors 6 59,236 25,807
Cash at bank and in hand 28,218 18,794
87,454 44,601
CREDITORS
Amounts falling due within one year 7 (260,413 ) (228,984 )
NET CURRENT LIABILITIES (172,959 ) (184,383 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,644

)

(12,498

)

PROVISIONS FOR LIABILITIES 8 (2,922 ) (1,005 )
NET LIABILITIES (28,566 ) (13,503 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (28,567 ) (13,504 )
(28,566 ) (13,503 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CQM FIFTH LTD (REGISTERED NUMBER: 12931588)

Balance Sheet - continued
30TH SEPTEMBER 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 director and authorised for issue on 30th September 2023 and were signed by:





Mr Kamran Saeed - Director


CQM FIFTH LTD (REGISTERED NUMBER: 12931588)

Notes to the Financial Statements
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

1. STATUTORY INFORMATION

Cqm Fifth 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being
amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant and machinery - 15% Reducing balance
Fixture & fittings - 15% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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.


CQM FIFTH LTD (REGISTERED NUMBER: 12931588)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 6 ) .

CQM FIFTH LTD (REGISTERED NUMBER: 12931588)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2021
and 30th September 2022 10,000
AMORTISATION
At 1st October 2021 1,000
Charge for year 1,000
At 30th September 2022 2,000
NET BOOK VALUE
At 30th September 2022 8,000
At 30th September 2021 9,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2021 191,630
Additions 1,014
At 30th September 2022 192,644
DEPRECIATION
At 1st October 2021 28,745
Charge for year 24,584
At 30th September 2022 53,329
NET BOOK VALUE
At 30th September 2022 139,315
At 30th September 2021 162,885

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/22 30/9/21
£    £   
Trade debtors 3,500 2,421
Amounts owed by group undertakings 55,736 19,566
Other debtors - 3,820
59,236 25,807

CQM FIFTH LTD (REGISTERED NUMBER: 12931588)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/22 30/9/21
£    £   
Trade creditors 6,518 1,410
Amounts owed to group undertakings 169,588 182,121
Taxation and social security 10,648 5,596
Other creditors 73,659 39,857
260,413 228,984

8. PROVISIONS FOR LIABILITIES
30/9/22 30/9/21
£    £   
Deferred tax 2,922 1,005

Deferred
tax
£   
Balance at 1st October 2021 1,005
Provided during year 1,917
Balance at 30th September 2022 2,922

9. ULTIMATE CONTROLLING PARTY

Directors are the ultimate controlling party.