Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity11falsetrue 06293376 2022-04-01 2023-03-31 06293376 2021-04-01 2022-03-31 06293376 2023-03-31 06293376 2022-03-31 06293376 c:Director1 2022-04-01 2023-03-31 06293376 d:FreeholdInvestmentProperty 2023-03-31 06293376 d:FreeholdInvestmentProperty 2022-03-31 06293376 d:CurrentFinancialInstruments 2023-03-31 06293376 d:CurrentFinancialInstruments 2022-03-31 06293376 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06293376 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06293376 d:ShareCapital 2023-03-31 06293376 d:ShareCapital 2022-03-31 06293376 d:RetainedEarningsAccumulatedLosses 2023-03-31 06293376 d:RetainedEarningsAccumulatedLosses 2022-03-31 06293376 c:FRS102 2022-04-01 2023-03-31 06293376 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06293376 c:FullAccounts 2022-04-01 2023-03-31 06293376 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 06293376









CENTRAL MERCANTILE GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CENTRAL MERCANTILE GROUP LIMITED
REGISTERED NUMBER: 06293376

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
69,066
69,066

  
69,066
69,066

Current assets
  

Debtors: amounts falling due within one year
 5 
485
485

Cash at bank and in hand
 6 
4,809
6,116

  
5,294
6,601

Creditors: amounts falling due within one year
 7 
(5,531)
(3,276)

Net current (liabilities)/assets
  
 
 
(237)
 
 
3,325

Total assets less current liabilities
  
68,829
72,391

  

Net assets
  
68,829
72,391


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
68,729
72,291

  
68,829
72,391


Page 1

 
CENTRAL MERCANTILE GROUP LIMITED
REGISTERED NUMBER: 06293376
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 November 2023.




................................................
Mr R J Battat
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CENTRAL MERCANTILE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Central Mercantile Group Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered office is Aston House, Cornwall Avenue, London N3 1LF. The registered number is 06293376. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

Page 3

 
CENTRAL MERCANTILE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument 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 ordinary shares.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
69,066



At 31 March 2023
69,066

The 2023 valuations were made by the director, on an open market value for existing use basis.







Page 4

 
CENTRAL MERCANTILE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
485
485

485
485



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,809
6,115

4,809
6,115



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
3,731
1,476

Accruals and deferred income
1,800
1,800

5,531
3,276


 
Page 5