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REGISTERED NUMBER: 12731985 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

CTS UK PROPERTIES LIMITED

CTS UK PROPERTIES LIMITED (REGISTERED NUMBER: 12731985)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CTS UK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: S Crossley
Miss L E Blow





REGISTERED OFFICE: Unit 4, Jardine House
1C Claremont Road
Teddington
Middlesex
TW11 8DH





REGISTERED NUMBER: 12731985 (England and Wales)





ACCOUNTANTS: GWAS Limited
Unit 4, Jardine House
1C Claremont Road
Teddington
Middlesex
TW11 8DH

CTS UK PROPERTIES LIMITED (REGISTERED NUMBER: 12731985)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 778,104 778,104

CURRENT ASSETS
Cash at bank 24,594 19,234

CREDITORS
Amounts falling due within one year 5 432,487 436,375
NET CURRENT LIABILITIES (407,893 ) (417,141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,211

360,963

CREDITORS
Amounts falling due after more than one
year

6

342,750

344,852
NET ASSETS 27,461 16,111

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 27,459 16,109
SHAREHOLDERS' FUNDS 27,461 16,111

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





S Crossley - Director


CTS UK PROPERTIES LIMITED (REGISTERED NUMBER: 12731985)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

CTS UK Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 August 2022
and 31 July 2023 778,104
NET BOOK VALUE
At 31 July 2023 778,104
At 31 July 2022 778,104

CTS UK PROPERTIES LIMITED (REGISTERED NUMBER: 12731985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 July 2023 is represented by:

Land and
buildings
£   
Valuation in 2021 778,104

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 2,990 4,380
Taxation and social security 2,662 3,451
Other creditors 426,835 428,544
432,487 436,375

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 342,750 344,852

7. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 345,740 349,232

At the balance sheet date Coventry Building Society hold charges over the property known as:
Apartment RM 102, Royal Mills, 19 Redhill Street, Manchester, M4 5BA

At the balance sheet date The Mortgage Works (UK) plc hold charges over the property known as:
Apartment RM 402, Royal Mills, 2 Cotton Street, Manchester, M4 5BZ

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £0.01 1 1
100 Ordinary B £0.01 1 1
2 2

CTS UK PROPERTIES LIMITED (REGISTERED NUMBER: 12731985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
S Crossley
Balance outstanding at start of year (409,395 ) (408,790 )
Amounts advanced 1,898 -
Amounts repaid - (605 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (407,497 ) (409,395 )

Miss L E Blow
Balance outstanding at start of year (16,939 ) -
Amounts repaid - (16,939 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,939 ) (16,939 )