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REGISTERED NUMBER: 09646855 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Cainc Management Services Limited

Cainc Management Services Limited (Registered number: 09646855)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Cainc Management Services Limited

Company Information
for the Year Ended 30 June 2023







Directors: M W Jones
E W Jones





Registered office: 114-120 Northgate Street
Chester
CH1 2HT





Registered number: 09646855 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Cainc Management Services Limited (Registered number: 09646855)

Statement of Financial Position
30 June 2023

30/6/23 30/6/22
Notes £    £   
Current assets
Debtors 5 3,507 3,054
Cash at bank 999 5,576
4,506 8,630
Creditors
Amounts falling due within one year 6 4,381 7,682
Net current assets 125 948
Total assets less current liabilities 125 948

Capital and reserves
Called up share capital 100 100
Retained earnings 25 848
125 948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:



M W Jones - Director


Cainc Management Services Limited (Registered number: 09646855)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. Statutory information

Cainc Management 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.

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 from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on cost

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Cainc Management Services Limited (Registered number: 09646855)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 statement of financial position 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 - 2 ).

4. Tangible fixed assets
Fixtures,
fittings
& equipment
£   
Cost
At 1 July 2022 2,366
Disposals (2,366 )
At 30 June 2023 -
Depreciation
At 1 July 2022 2,366
Eliminated on disposal (2,366 )
At 30 June 2023 -
Net book value
At 30 June 2023 -
At 30 June 2022 -

5. Debtors: amounts falling due within one year
30/6/23 30/6/22
£    £   
Trade debtors - 2,412
Other debtors 3,507 642
3,507 3,054

Cainc Management Services Limited (Registered number: 09646855)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. Creditors: amounts falling due within one year
30/6/23 30/6/22
£    £   
Taxation and social security 2,929 5,510
Other creditors 1,452 2,172
4,381 7,682

7. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30/6/23 30/6/22
£    £   
M W Jones and E W Jones
Balance outstanding at start of year - -
Amounts advanced 8,587 -
Amounts repaid (5,703 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,884 -

Advances to the directors are interest-free and repayable on demand. The maximum balance during the year was £7,384.