IRIS Accounts Production v23.3.0.418 03528301 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035283012022-03-31035283012023-03-31035283012022-04-012023-03-31035283012021-03-31035283012021-04-012022-03-31035283012022-03-3103528301ns10:Originalns15:EnglandWales2022-04-012023-03-3103528301ns14:PoundSterlingns10:Original2022-04-012023-03-3103528301ns10:Originalns10:Director12022-04-012023-03-3103528301ns10:Original2022-04-012023-03-3103528301ns10:Original2023-03-3103528301ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3103528301ns10:Originalns10:SmallEntities2022-04-012023-03-3103528301ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3103528301ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103528301ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103528301ns10:Originalns10:FullAccounts2022-04-012023-03-3103528301ns10:Originalns10:Director22022-04-012023-03-3103528301ns10:Originalns10:Director32022-04-012023-03-3103528301ns10:CompanySecretary1ns10:Original2022-04-012023-03-3103528301ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103528301ns10:Original2022-03-3103528301ns10:Originalns5:CurrentFinancialInstruments2023-03-3103528301ns10:Originalns5:CurrentFinancialInstruments2022-03-3103528301ns5:ShareCapitalns10:Original2023-03-3103528301ns5:ShareCapitalns10:Original2022-03-3103528301ns10:Originalns5:SharePremium2023-03-3103528301ns10:Originalns5:SharePremium2022-03-3103528301ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103528301ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103528301ns10:Originalns5:PlantMachinery2022-04-012023-03-3103528301ns10:Originalns5:ComputerEquipment2022-04-012023-03-3103528301ns10:Original2021-04-012022-03-3103528301ns10:Originalns5:PlantMachinery2022-03-3103528301ns10:Originalns5:PlantMachinery2023-03-3103528301ns10:Originalns5:PlantMachinery2022-03-3103528301ns10:Originalns5:CostValuation2022-03-3103528301ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103528301ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 03528301 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31st March 2023

for

Corporate Administration Management Ltd

Corporate Administration Management Ltd (Registered number: 03528301)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Corporate Administration Management Ltd

Company Information
for the Year Ended 31st March 2023







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
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE



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

Corporate Administration Management Ltd (Registered number: 03528301)

Statement of Financial Position
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 897 1,757
Investments 5 1 1
898 1,758

CURRENT ASSETS
Debtors 6 9,595,711 8,940,267
Cash at bank 1,895,200 1,521,469
11,490,911 10,461,736
CREDITORS
Amounts falling due within one year 7 13,311,461 12,594,856
NET CURRENT LIABILITIES (1,820,550 ) (2,133,120 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,819,652

)

(2,131,362

)

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 39,929 39,929
Retained earnings (1,869,581 ) (2,181,291 )
SHAREHOLDERS' FUNDS (1,819,652 ) (2,131,362 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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)

Statement of Financial Position - continued
31st March 2023


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 29th August 2023 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 2023

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2023

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 £1,819,652 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 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 48,996
DEPRECIATION
At 1st April 2022 47,239
Charge for year 860
At 31st March 2023 48,099
NET BOOK VALUE
At 31st March 2023 897
At 31st March 2022 1,757

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2022
and 31st March 2023 1
NET BOOK VALUE
At 31st March 2023 1
At 31st March 2022 1

Corporate Administration Management Ltd (Registered number: 03528301)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,783 61,961
Other debtors 9,542,928 8,878,306
9,595,711 8,940,267

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 30,027 28,122
Other creditors 13,281,434 12,566,734
13,311,461 12,594,856

Corporate Administration Management Ltd (Registered number: 03528301)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

8. RELATED PARTY DISCLOSURES

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

Entity Nature of relationship 2023 £ 2022 £

M J Hunt Majority shareholder 243,400 242,000
Singing Hills Golf Course Ltd Common control 29,120 23,228
East Sussex National Ltd Common Control 111,440 121,936
Managed Legal Solutions Ltd Significant Influence 1,641 121,584
Serviced Office Company Ltd Common Control 12,641 12,590
Metropolis Entertainment Ltd Common Control 4,740 3,770
Perinon Ltd Common Control 16,741 15,590
Zanlia Ltd Common Control 250 nil
Swynson Ltd Common Control 250 nil

Interest of £431,769 was receivable on the loan from Managed Legal Solutions Ltd in the period to 31st March 2023 (2022 - £287,836) .

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



Entity


Nature of relationship

Loan (from/to
2023£


)
Loan
(from/to
2022£


)

M J Hunt Majority Shareholder (13,249,399 ) (12,536,321 )
Port Solent Properties Ltd Subsidiary 919,802 919,509
Managed Legal Solutions Ltd Significant Influence 7,561,888 7,021,671

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

Entity Nature of relationship 2023£ 2022£

M J Hunt Majority Shareholder 20,617 24,200
Singing Hills Golf Course Ltd Common Control 2,290 2,544
East Sussex National Ltd Common Control 17,097 30,649
Serviced Office Company Ltd Common Control 1,000 1,200
Metropolis Entertainment Ltd Common Control 295 1,343
Perinon Ltd Common Control 1350 1,500
Swynson Ltd Common Control 850 nil
Zanlia Ltd Common Control 750 nil

Accrued income of £255,748 related to interest accruing but not yet charged on the loan to Managed Legal Solutions Ltd as at the balance sheet date (2022 - £135,196)

9. ULTIMATE CONTROLLING PARTY

The controlling party is M J Hunt.