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REGISTERED NUMBER: 13177596 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

CSMS CAP LTD

CSMS CAP LTD (REGISTERED NUMBER: 13177596)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CSMS CAP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: C Stylianou





REGISTERED OFFICE: Solar House
2nd Floor, 282 Chase Road
London
N14 6HA





REGISTERED NUMBER: 13177596 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

CSMS CAP LTD (REGISTERED NUMBER: 13177596)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 1,045,000 1,000,000
Cash at bank and in hand 10,994 22,544
1,055,994 1,022,544
CREDITORS
Amounts falling due within one year 5 1,043,935 1,016,516
NET CURRENT ASSETS 12,059 6,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,059

6,028

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 12,058 6,027
12,059 6,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

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 2 November 2023 and were signed by:





C Stylianou - Director


CSMS CAP LTD (REGISTERED NUMBER: 13177596)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

CSMS Cap 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,045,000 1,000,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 13,143 10,796
Other creditors 1,030,792 1,005,720
1,043,935 1,016,516

CSMS CAP LTD (REGISTERED NUMBER: 13177596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. RELATED PARTY DISCLOSURES

Included in debtors falling due within one year is an amount of £1,045,000 (2022:£1,000,000 ) due from Lendhub Ltd, a company with the director P Adamou. The company is connected by virtue of P Adamou and C Stylianou, the director of CSMS CAP Ltd being common directors of mutual companies. Interest amounting to £70,000 (2022: £57,543) has been charged at market rate.

Included in creditors falling due within one year is an amount of £1,005,000 (2022: £1,005,000) due to Eurocrest Sub5 Ltd, a company connected by the common director C Stylianou. No interest has been charged during the period.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Stylianou.