CMH Developments (NW) Ltd 09009360 false 2022-03-31 2023-03-30 2023-03-30 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true 09009360 2022-03-31 2023-03-30 09009360 2023-03-30 09009360 core:CurrentFinancialInstruments 2023-03-30 09009360 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-30 09009360 core:Non-currentFinancialInstruments 2023-03-30 09009360 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-30 09009360 bus:SmallEntities 2022-03-31 2023-03-30 09009360 bus:AuditExemptWithAccountantsReport 2022-03-31 2023-03-30 09009360 bus:FullAccounts 2022-03-31 2023-03-30 09009360 bus:SmallCompaniesRegimeForAccounts 2022-03-31 2023-03-30 09009360 bus:RegisteredOffice 2022-03-31 2023-03-30 09009360 bus:Director1 2022-03-31 2023-03-30 09009360 bus:PrivateLimitedCompanyLtd 2022-03-31 2023-03-30 09009360 bus:Agent1 2022-03-31 2023-03-30 09009360 countries:EnglandWales 2022-03-31 2023-03-30 09009360 2022-03-30 09009360 2021-03-31 2022-03-30 09009360 2022-03-30 09009360 core:CurrentFinancialInstruments 2022-03-30 09009360 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-30 09009360 core:Non-currentFinancialInstruments 2022-03-30 09009360 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-30 iso4217:GBP xbrli:pure

Registration number: 09009360

CMH Developments (NW) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 March 2023

 

CMH Developments (NW) Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

CMH Developments (NW) Ltd

Company Information

Director

Mr C M Harrison

Registered office

1 Bond Street
Colne
Lancashire
BB8 9DG

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
CMH Developments (NW) Ltd
for the Year Ended 30 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CMH Developments (NW) Ltd for the year ended 30 March 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of CMH Developments (NW) Ltd, as a body. Our work has been undertaken solely to prepare for your approval the accounts of CMH Developments (NW) Ltd and state those matters that we have agreed to state to the Board of Directors of CMH Developments (NW) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CMH Developments (NW) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CMH Developments (NW) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of CMH Developments (NW) Ltd. You consider that CMH Developments (NW) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of CMH Developments (NW) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

12 October 2023

 

CMH Developments (NW) Ltd

(Registration number: 09009360)
Balance Sheet as at 30 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4,380

-

Investment property

4

440,733

440,733

 

445,113

440,733

Current assets

 

Debtors

5

7,232

175,931

Cash at bank and in hand

 

61,398

2,726

 

68,630

178,657

Creditors: Amounts falling due within one year

6

(146,471)

(133,882)

Net current (liabilities)/assets

 

(77,841)

44,775

Total assets less current liabilities

 

367,272

485,508

Creditors: Amounts falling due after more than one year

6

(325,000)

(438,940)

Provisions for liabilities

(6,508)

(7,267)

Net assets

 

35,764

39,301

Capital and reserves

 

Called up share capital

1

1

Other reserves

30,982

30,982

Retained earnings

4,781

8,318

Shareholders' funds

 

35,764

39,301

 

CMH Developments (NW) Ltd

(Registration number: 09009360)
Balance Sheet as at 30 March 2023

For the financial year ending 30 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 12 October 2023
 

.........................................
Mr C M Harrison
Director

 

CMH Developments (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Bond Street
Colne
Lancashire
BB8 9DG

The principal place of business is:
Unit 18 Empire Business Park
Enterprise Way
Burnley
Lancashire
BB12 6LT

These financial statements were authorised for issue by the director on 12 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

CMH Developments (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment properties are held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.
Subsequently investment properties are measured at fair value. Investment property valuations are based on a market value. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value of investment properties are included in the Statement of Income and Retained Earnings in the period in which they arise.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

CMH Developments (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2022 - 1).

4

Investment properties

2023
£

Brought forward

440,733

At 30 March

440,733

The director considers this duly represents the fair value of the investment property

There has been no valuation of investment property by an independent valuer.

5

Debtors

2023
£

2022
£

Prepayments

6,300

-

Other debtors

932

175,931

7,232

175,931

 

CMH Developments (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

-

7,800

Accruals and deferred income

 

-

1,400

Other creditors

 

146,471

124,682

 

146,471

133,882

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Other creditors

7

325,000

438,940

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

-

138,940

Other borrowings

325,000

300,000

325,000

438,940

2023
£

2022
£

Current loans and borrowings

Bank borrowings

-

7,800