Company Registration No. 4943353 (England and Wales)
CBA PROJECT MANAGEMENT LIMITED
Unaudited accounts
for the year ended 31 October 2023
CBA PROJECT MANAGEMENT LIMITED
Unaudited accounts
Contents
CBA PROJECT MANAGEMENT LIMITED
Company Information
for the year ended 31 October 2023
Company Number
4943353 (England and Wales)
Registered Office
48 Beechcroft Road
Bushey
Herts
WD23 2JU
Accountants
Fielding Accountancy Services Ltd
48 Beechcroft Road
Bushey
Herts
WD23 2JU
CBA PROJECT MANAGEMENT LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
3,168
3,975
Investment property
490,000
490,000
Cash at bank and in hand
15,093
38,126
Creditors: amounts falling due within one year
(82,983)
(113,646)
Net current liabilities
(65,045)
(72,298)
Total assets less current liabilities
428,123
421,677
Creditors: amounts falling due after more than one year
(21,183)
(31,033)
Provisions for liabilities
Deferred tax
(15,573)
(16,149)
Net assets
391,367
374,495
Called up share capital
100
100
Revaluation reserve
56,888
56,888
Profit and loss account
334,379
317,507
Shareholders' funds
391,367
374,495
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 December 2023 and were signed on its behalf by
Mr Colin Chester
Director
Company Registration No. 4943353
CBA PROJECT MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 October 2023
CBA PROJECT MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4943353. The registered office is 48 Beechcroft Road, Bushey, Herts, WD23 2JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises Project Management Fees Receivable.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
30% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investment properties are normally included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The two investment properties were revalued by Crickmay Chartered Surveyors in respect of the property at 30 Greylands Estate, Horsham, West Sussex, and by ETP Property Consultants in respect of the property at Unit 389, Block Q, The Paintworks, Bristol, on 26th February 2020, being their market value at that time . These values have been considered relevant for inclusion in the company accounts as at 31st October 2023, being a similar value that would have been appropriate at that time.
CBA PROJECT MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Fair value at 1 November 2022
490,000
At 31 October 2023
490,000
The two investment properties were revalued by Crickmay Chartered Surveyors in respect of the property at 30 Greylands Estate, Horsham, West Sussex, and by ETP Property Consultants in respect of the property at Unit 389, Block Q, The Paintworks, Bristol, on 26th February 2020, being their market value at that time . These values have been considered relevant for inclusion in the company accounts as at 31st October 2022, being a similar value that would have been appropriate at that time.
Amounts falling due within one year
CBA PROJECT MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 October 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,785
10,785
Trade creditors
5,893
5,893
Taxes and social security
6,578
2,875
Other creditors
11,350
7,800
Loans from directors
39,884
71,836
Deferred income
8,493
14,457
9
Creditors: amounts falling due after more than one year
2023
2022
The Company received a £50000 Government Guaranteed 'Covid' Loan of which £21183 is shown as a loan repayable after more than 1 year.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Transactions with related parties
The company was under the control of Mr C Chester throughout the current and previous year. He is also the managing Director, and 100% shareholder.
Dividends paid during the year amounted to £1000 (£2000 for 2022) to the Director.
12
Average number of employees
During the year the average number of employees was 1 (2022: 1).