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REGISTERED NUMBER: 11937541 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st October 2023

for

CPA Property Services Ltd

CPA Property Services Ltd (Registered number: 11937541)






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




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


CPA Property Services Ltd (Registered number: 11937541)

Abridged Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 550 650
Tangible assets 6 49,299 73,148
49,849 73,798

CURRENT ASSETS
Stocks 241,064 108,936
Debtors 360,591 146,361
Cash at bank and in hand 94,601 113,743
696,256 369,040
CREDITORS
Amounts falling due within one year 512,088 361,848
NET CURRENT ASSETS 184,168 7,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,017

80,990

CREDITORS
Amounts falling due after more than one
year

7

(163,101

)

(163,996

)

PROVISIONS FOR LIABILITIES - (8,658 )
NET ASSETS/(LIABILITIES) 70,916 (91,664 )

CAPITAL AND RESERVES
Called up share capital 210,100 210,100
Retained earnings (139,184 ) (301,764 )
70,916 (91,664 )

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

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

CPA Property Services Ltd (Registered number: 11937541)

Abridged Balance Sheet - continued
31st October 2023


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 Balance Sheet for the year ended 31st October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 12th February 2024 and were signed on its behalf by:





Mr C P Albert - Director


CPA Property Services Ltd (Registered number: 11937541)

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

1. STATUTORY INFORMATION

CPA Property Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11937541

Registered office: Kings Lodge
London Road
West Kingsdown
Sevenoaks
Kent
TN15 6AR

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Sale of services
Revenue from the sale of services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Sale of goods
Revenue from the sale of goods is recognised at the point at which the goods have been delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

CPA Property Services Ltd (Registered number: 11937541)

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

3. ACCOUNTING POLICIES - continued

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

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 balance sheet date.

CPA Property Services Ltd (Registered number: 11937541)

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 27 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2022
and 31st October 2023 1,000
AMORTISATION
At 1st November 2022 350
Amortisation for year 100
At 31st October 2023 450
NET BOOK VALUE

At 31st October 2023 550
At 31st October 2022 650

CPA Property Services Ltd (Registered number: 11937541)

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

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2022 145,150
Disposals (13,150 )
At 31st October 2023 132,000
DEPRECIATION
At 1st November 2022 72,002
Charge for year 18,186
Eliminated on disposal (7,487 )
At 31st October 2023 82,701
NET BOOK VALUE
At 31st October 2023 49,299
At 31st October 2022 73,148

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st November 2022 80,015
Disposals (13,150 )
At 31st October 2023 66,865
DEPRECIATION
At 1st November 2022 43,581
Charge for year 7,693
Eliminated on disposal (7,487 )
At 31st October 2023 43,787
NET BOOK VALUE
At 31st October 2023 23,078
At 31st October 2022 36,434

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   

Repayable by instalments
Other loans more 5yrs instal 134,474 134,474

CPA Property Services Ltd (Registered number: 11937541)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2023 and 31st October 2022:

2023 2022
£    £   
Mr C P Albert
Balance outstanding at start of year 14,295 -
Amounts advanced 5,047 14,295
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,342 14,295