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REGISTERED NUMBER: 08840404 (England and Wales)



Unaudited Financial Statements

for the Year Ended 31st March 2023

for

Consortium Business Services Limited

Consortium Business Services Limited (Registered number: 08840404)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Consortium Business Services Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: D Clarke
Mrs E Clarke





REGISTERED OFFICE: 6 Manchester Road
Buxton
Derbyshire
SK17 6SB





REGISTERED NUMBER: 08840404 (England and Wales)





ACCOUNTANTS: Laytons
Chartered Accountants
6 Manchester Road
Buxton
Derbyshire
SK17 6SB

Consortium Business Services Limited (Registered number: 08840404)

Abridged Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,640,000 3,828,375

CURRENT ASSETS
Debtors 9,586 -
Cash at bank 14,344 16,182
23,930 16,182
CREDITORS
Amounts falling due within one year 35,313 48,791
NET CURRENT LIABILITIES (11,383 ) (32,609 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,628,617 3,795,766

CREDITORS
Amounts falling due after more than one year 3,012,067 2,964,884
NET ASSETS 616,550 830,882

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 200,330 388,705
Retained earnings 416,120 442,077
SHAREHOLDERS' FUNDS 616,550 830,882

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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 16th November 2023 and were signed on its behalf by:



D Clarke - Director


Consortium Business Services Limited (Registered number: 08840404)

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

1. STATUTORY INFORMATION

Consortium Business Services Limited 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 as modified by the revaluation of certain assets.

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.
Land and buildings - in accordance with the property

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st April 2022 3,828,375
Disposals (188,375 )
At 31st March 2023 3,640,000
NET BOOK VALUE
At 31st March 2023 3,640,000
At 31st March 2022 3,828,375

Cost or valuation at 31st March 2023 is represented by:

Totals
£   
Valuation in 2021 4,408,375
Valuation in 2022 (580,000 )
Valuation in 2023 (188,375 )
3,640,000

If land and buildings had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 2,312,545 2,312,545

Land and buildings were valued on an open market basis on 31st January 2020 by an independent valuer .

Consortium Business Services Limited (Registered number: 08840404)

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

5. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due between one and two years:
Bank loans 2,604,412 2,770,103

6. RESERVES
Revaluation
reserve
£   
At 1st April 2022 388,705
Property revaluation (188,375 )

At 31st March 2023 200,330

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is £432,656 owed to the directors by the company (2022: £217,718). This loan is interest free and repayable demand.