Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302022-10-01falseNo description of principal activity66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00992836 2022-10-01 2023-09-30 00992836 2021-10-01 2022-09-30 00992836 2023-09-30 00992836 2022-09-30 00992836 2021-10-01 00992836 6 2022-10-01 2023-09-30 00992836 d:Director1 2022-10-01 2023-09-30 00992836 d:Director5 2022-10-01 2023-09-30 00992836 e:Buildings 2023-09-30 00992836 e:Buildings 2022-09-30 00992836 e:Buildings e:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 00992836 e:MotorVehicles 2022-10-01 2023-09-30 00992836 e:FurnitureFittings 2022-10-01 2023-09-30 00992836 e:OtherPropertyPlantEquipment 2023-09-30 00992836 e:OtherPropertyPlantEquipment 2022-09-30 00992836 e:OtherPropertyPlantEquipment e:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 00992836 e:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 00992836 e:FreeholdInvestmentProperty 2023-09-30 00992836 e:FreeholdInvestmentProperty 2022-09-30 00992836 e:FreeholdInvestmentProperty 2 2022-10-01 2023-09-30 00992836 e:CurrentFinancialInstruments 2023-09-30 00992836 e:CurrentFinancialInstruments 2022-09-30 00992836 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 00992836 e:CurrentFinancialInstruments e:WithinOneYear 2022-09-30 00992836 e:ShareCapital 2022-10-01 2023-09-30 00992836 e:ShareCapital 2023-09-30 00992836 e:ShareCapital 2021-10-01 2022-09-30 00992836 e:ShareCapital 2022-09-30 00992836 e:ShareCapital 2021-10-01 00992836 e:RevaluationReserve 2022-10-01 2023-09-30 00992836 e:RevaluationReserve 2023-09-30 00992836 e:RevaluationReserve 6 2022-10-01 2023-09-30 00992836 e:RevaluationReserve 2021-10-01 2022-09-30 00992836 e:RevaluationReserve 2022-09-30 00992836 e:RevaluationReserve 2021-10-01 00992836 e:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 00992836 e:RetainedEarningsAccumulatedLosses 2023-09-30 00992836 e:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 00992836 e:RetainedEarningsAccumulatedLosses 2022-09-30 00992836 e:RetainedEarningsAccumulatedLosses 2021-10-01 00992836 d:FRS102 2022-10-01 2023-09-30 00992836 d:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 00992836 d:FullAccounts 2022-10-01 2023-09-30 00992836 d:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 00992836 e:WithinOneYear 2023-09-30 00992836 e:WithinOneYear 2022-09-30 00992836 e:BetweenOneFiveYears 2023-09-30 00992836 e:BetweenOneFiveYears 2022-09-30 00992836 e:AcceleratedTaxDepreciationDeferredTax 2023-09-30 00992836 e:AcceleratedTaxDepreciationDeferredTax 2022-09-30 00992836 e:TaxLossesCarry-forwardsDeferredTax 2023-09-30 00992836 e:TaxLossesCarry-forwardsDeferredTax 2022-09-30 iso4217:GBP xbrli:pure

00992836







C.M.S. INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
30 SEPTEMBER 2023
























C.M.S. INVESTMENTS LIMITED
REGISTERED NUMBER:00992836

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
96,340
98,810

Investment property
 5 
4,288,080
3,298,972

  
4,384,420
3,397,782

Current assets
  

Stocks
  
1,823
3,645

Debtors
 6 
521,306
454,575

Cash at bank and in hand
  
1,088,053
1,171,659

  
1,611,182
1,629,879

Creditors: amounts falling due within one year
 7 
(70,991)
(82,227)

Net current assets
  
 
 
1,540,191
 
 
1,547,652

Total assets less current liabilities
  
5,924,611
4,945,434

Provisions for liabilities
  

Deferred tax
 8 
(153,514)
(34,377)

  
 
 
(153,514)
 
 
(34,377)

Net assets
  
5,771,097
4,911,057


Capital and reserves
  

Called up share capital 
  
20,000
20,000

Revaluation reserve
  
847,881
26,758

Profit and loss account
  
4,903,216
4,864,299

  
5,771,097
4,911,057


Page 1

C.M.S. INVESTMENTS LIMITED
REGISTERED NUMBER:00992836
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dr J. Ball
Mrs S. Lyell
Director
Director


Date: 21 February 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 2

C.M.S. INVESTMENTS LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Investment property reserve
Profit and loss account
Total equity

£
£
£
£


At 1 October 2021
20,000
26,758
4,828,651
4,875,409


Comprehensive income for the year

Profit for the year
-
-
71,648
71,648
Total comprehensive income for the year
-
-
71,648
71,648


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(36,000)
(36,000)


Total transactions with owners
-
-
(36,000)
(36,000)



At 1 October 2022
20,000
26,758
4,864,299
4,911,057


Comprehensive income for the year

Profit for the year
-
-
896,040
896,040

Surplus on revaluation of leasehold property
-
821,123
-
821,123
Total comprehensive income for the year
-
821,123
896,040
1,717,163


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(36,000)
(36,000)

Transfer to/from profit and loss account
-
-
(821,123)
(821,123)


Total transactions with owners
-
-
(857,123)
(857,123)


At 30 September 2023
20,000
847,881
4,903,216
5,771,097


The notes on pages 4 to 10 form part of these financial statements.

Page 3

C.M.S. INVESTMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

C.M.S. Investments Limited (the 'Company') is a company limited by shares and domiciled and incorporated in England and Wales.
The address of its registered office and place of business is 147 Camden Road, Tunbridge Wells, Kent, TN1 2RA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rental income is recognised in the period to which it relates, as specified in the lease agreements.

Page 4

C.M.S. INVESTMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives

Motor vehicles
-
25% on reducing balance
Fixtures and fittings
-
10-20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

C.M.S. INVESTMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.8

 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.

 
2.9

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

 Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 6

C.M.S. INVESTMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.12

 Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 7

C.M.S. INVESTMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 October 2022
88,416
34,913
123,329



At 30 September 2023

88,416
34,913
123,329



Depreciation


At 1 October 2022
-
24,519
24,519


Charge for the year on owned assets
-
2,470
2,470



At 30 September 2023

-
26,989
26,989



Net book value



At 30 September 2023
88,416
7,924
96,340



At 30 September 2022
88,416
10,394
98,810


5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
3,298,973


Surplus on revaluation
989,107



At 30 September 2023
4,288,080

The 2023 valuations were made by the Directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
3,265,772
3,265,772

Accumulated depreciation and impairments
(191,300)
(191,300)

3,074,472
3,074,472

Page 8

C.M.S. INVESTMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Debtors


2023
2022
£
£



Trade debtors
41,240
36,649

Other debtors
477,168
415,533

Prepayments and accrued income
2,898
2,393

521,306
454,575



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,449
6,008

Corporation tax
3,662
11,120

Other taxation and social security
4,813
5,043

Other creditors
27,442
27,987

Accruals and deferred income
21,625
32,069

70,991
82,227


The bank overdraft facility is secured by a fixed charge over two of the company's freehold investment properties.


8.


Deferred taxation




2023


£






At beginning of year
(34,377)


Charged to profit or loss
(119,137)



At end of year
(153,514)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(25,846)
(34,377)

Capital gains
(127,668)
-

(153,514)
(34,377)

Page 9

C.M.S. INVESTMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Commitments under operating leases

At 30 September 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
1,050
1,050

Later than 1 year and not later than 5 years
2,597
3,647

3,647
4,697



 
Page 10