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REGISTERED NUMBER: 13178196 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CMS MORTGAGES LTD

CMS MORTGAGES LTD (REGISTERED NUMBER: 13178196)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CMS MORTGAGES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: D Carter
Mrs T Bloxham





REGISTERED OFFICE: Courtyard Office 3 Upper Aynho Grounds
Aynho
United Kingdom
Oxfordshire
OX17 3AY





REGISTERED NUMBER: 13178196 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

CMS MORTGAGES LTD (REGISTERED NUMBER: 13178196)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,531 2,027

CURRENT ASSETS
Debtors 5 37 3,278
Cash at bank 37,379 5,764
37,416 9,042
CREDITORS
Amounts falling due within one year 6 95,219 84,176
NET CURRENT LIABILITIES (57,803 ) (75,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,272

)

(73,107

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (56,372 ) (73,207 )
SHAREHOLDERS' FUNDS (56,272 ) (73,107 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

CMS MORTGAGES LTD (REGISTERED NUMBER: 13178196)

BALANCE SHEET - continued
31 AUGUST 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 13 December 2023 and were signed on its behalf by:





Mrs T Bloxham - Director


CMS MORTGAGES LTD (REGISTERED NUMBER: 13178196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

CMS Mortgages 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised for the provision of services when it is probably that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on 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 balance sheet date.


CMS MORTGAGES LTD (REGISTERED NUMBER: 13178196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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
The financial statements have been prepared on a going concern basis. This basis may not be appropriate as current liabilities exceed current assets by £57,803 (2022: £75,134) at 31 August 2023 and at this date the company was insolvent to the extent of £56,272 (2022: £73,107). The company is reliant on the continued support from its directors, associated companies and shareholders and there is no evidence that this support will be withdrawn.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 960 1,216 2,176
DEPRECIATION
At 1 September 2022 48 101 149
Charge for year 192 304 496
At 31 August 2023 240 405 645
NET BOOK VALUE
At 31 August 2023 720 811 1,531
At 31 August 2022 912 1,115 2,027

CMS MORTGAGES LTD (REGISTERED NUMBER: 13178196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37 524
Other debtors - 1,680
Prepayments - 1,074
37 3,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 4,526 -
Social security and other taxes - 1,770
Other creditors 89,492 77,140
Accruals and deferred income 1,201 5,266
95,219 84,176

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

As at 31 August 2023 Other Creditors include the intercompany balances owed to CMS Wealth Limited £9,492.41 (2022: £7,139.61) and Chase Financial Holdings Limited £80,000.00 (2022: £70,000.00).

All transactions were undertaken at arms length at market rate on normal commercial terms.