Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseProperty management1515truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09734430 2023-01-01 2023-12-31 09734430 2022-01-01 2022-12-31 09734430 2023-12-31 09734430 2022-12-31 09734430 2022-01-01 09734430 c:Director3 2023-01-01 2023-12-31 09734430 d:PlantMachinery 2023-01-01 2023-12-31 09734430 d:PlantMachinery 2023-12-31 09734430 d:PlantMachinery 2022-12-31 09734430 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09734430 d:OfficeEquipment 2023-01-01 2023-12-31 09734430 d:OfficeEquipment 2023-12-31 09734430 d:OfficeEquipment 2022-12-31 09734430 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09734430 d:ComputerEquipment 2023-01-01 2023-12-31 09734430 d:ComputerEquipment 2023-12-31 09734430 d:ComputerEquipment 2022-12-31 09734430 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09734430 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09734430 d:CurrentFinancialInstruments 2023-12-31 09734430 d:CurrentFinancialInstruments 2022-12-31 09734430 d:Non-currentFinancialInstruments 2023-12-31 09734430 d:Non-currentFinancialInstruments 2022-12-31 09734430 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09734430 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09734430 d:ShareCapital 2023-12-31 09734430 d:ShareCapital 2022-12-31 09734430 d:RetainedEarningsAccumulatedLosses 2023-12-31 09734430 d:RetainedEarningsAccumulatedLosses 2022-12-31 09734430 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09734430 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 09734430 c:FRS102 2023-01-01 2023-12-31 09734430 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09734430 c:FullAccounts 2023-01-01 2023-12-31 09734430 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09734430 d:WithinOneYear 2023-12-31 09734430 d:WithinOneYear 2022-12-31 09734430 d:BetweenOneFiveYears 2023-12-31 09734430 d:BetweenOneFiveYears 2022-12-31 09734430 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09734430










CPP FM & PROJECTS LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CPP FM & PROJECTS LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CPP FM & PROJECTS LTD
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CPP FM & Projects Ltd for the year ended 31 December 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of CPP FM & Projects Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of CPP FM & Projects Ltd and state those matters that we have agreed to state to the Board of Directors of CPP FM & Projects Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CPP FM & Projects Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that CPP FM & Projects Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CPP FM & Projects Ltd. You consider that CPP FM & Projects Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of CPP FM & Projects Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Shorts
 
Chartered Accountants
  
Cedar House
63 Napier Street
Sheffield
South Yorkshire
S11 8HA
20 March 2024
Page 1

 
CPP FM & PROJECTS LTD
REGISTERED NUMBER: 09734430

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,405
7,688

Current assets
  

Debtors: amounts falling due after more than one year
 5 
9,190
98,790

Debtors: amounts falling due within one year
 5 
221,757
441,534

Cash at bank and in hand
  
2,349,230
3,086,262

  
2,580,177
3,626,586

Creditors: amounts falling due within one year
 6 
(1,282,857)
(2,332,426)

Net current assets
  
 
 
1,297,320
 
 
1,294,160

Total assets less current liabilities
  
1,303,725
1,301,848

Provisions for liabilities
  

Deferred tax
 7 
(621)
(1,922)

Net assets
  
1,303,104
1,299,926


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,303,004
1,299,826

  
1,303,104
1,299,926


Page 2

 
CPP FM & PROJECTS LTD
REGISTERED NUMBER: 09734430
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 comprehensive income 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 on 20 March 2024.




N P Wales
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
CPP FM & PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

CPP FM & Projects Ltd is a private Company limited by shares, incorporated in England and Wales (registered number: 09734430). Its registered office is 1st Floor, Abbey House, 11 Leopold Street, Sheffield, S1 2GY. The principal activity of the Company throughout the year continued to be that of property management.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
CPP FM & PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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, as follows.

The depreciation rates used are: 

Plant and machinery
-
15%
reducing balance
Office equipment
-
25%
reducing balance
Computer equipment
-
33%
straight line

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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, 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, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 5

 
CPP FM & PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Comprehensive Income.
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 15).

Page 6

 
CPP FM & PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£



Cost 


At 1 January 2023
6,997
3,446
3,834
14,277


Additions
400
258
-
658



At 31 December 2023

7,397
3,704
3,834
14,935



Depreciation


At 1 January 2023
1,841
2,372
2,376
6,589


Charge for the year on owned assets
791
282
868
1,941



At 31 December 2023

2,632
2,654
3,244
8,530



Net book value



At 31 December 2023
4,765
1,050
590
6,405



At 31 December 2022
5,156
1,074
1,458
7,688


5.


Debtors

2023
2022
£
£

Due after more than one year

Trade debtors
9,190
98,790


2023
2022
£
£

Due within one year

Trade debtors
196,034
415,898

Other debtors
189
-

Prepayments and accrued income
25,534
25,636

221,757
441,534


Page 7

 
CPP FM & PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
261,952
677,664

Corporation tax
143,784
171,471

Other taxation and social security
384,280
581,465

Other creditors
3,923
-

Accruals and deferred income
488,918
901,826

1,282,857
2,332,426



7.


Deferred taxation




2023
2022


£

£






At beginning of year
1,922
1,320


Charged to profit or loss
(1,301)
602



At end of year
621
1,922

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
621
1,922


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £32,380 (2022 - £52,654)

Page 8

 
CPP FM & PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Commitments under operating leases

At 31 December 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
39,700
48,107

Later than 1 year and not later than 5 years
17,059
46,392

56,759
94,499


10.


Controlling party

The immediate and ultimate parent undertaking of CPP FM and Projects Ltd is CPP Agency LLP.

 
Page 9