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REGISTERED NUMBER: 11255011 (England and Wales)














CPJM LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CPJM LTD (REGISTERED NUMBER: 11255011)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CPJM LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Miss P C McKeown
Miss C K McKeown





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 11255011 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

CPJM LTD (REGISTERED NUMBER: 11255011)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,917 -
Investment property 6 2,300,000 3,200,000
2,301,917 3,200,000

CURRENT ASSETS
Cash at bank 154,954 138,008

CREDITORS
Amounts falling due within one year 7 13,504 18,806
NET CURRENT ASSETS 141,450 119,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,443,367

3,319,202

PROVISIONS FOR LIABILITIES 575,343 799,864
NET ASSETS 1,868,024 2,519,338

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Non distributable reserve 8 1,724,591 2,399,592
Retained earnings 8 143,333 119,646
SHAREHOLDERS' FUNDS 1,868,024 2,519,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

CPJM LTD (REGISTERED NUMBER: 11255011)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2024


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 8 August 2024 and were signed on its behalf by:





Miss C K McKeown - Director


CPJM LTD (REGISTERED NUMBER: 11255011)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

CPJM Ltd 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CPJM LTD (REGISTERED NUMBER: 11255011)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,861
At 31 March 2024 2,861
DEPRECIATION
Charge for year 944
At 31 March 2024 944
NET BOOK VALUE
At 31 March 2024 1,917

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 3,200,000
Revaluations (900,000 )
At 31 March 2024 2,300,000
NET BOOK VALUE
At 31 March 2024 2,300,000
At 31 March 2023 3,200,000

Investment property was valued on an open market basis on 31/03/2024 by the directors.

If investment properties had not been revalued they would have been included at historical cost totalling £545.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 7,084 10,433
Other creditors 6,420 8,373
13,504 18,806

CPJM LTD (REGISTERED NUMBER: 11255011)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 April 2023 119,646 2,399,592 2,519,238
Deficit for the year (643,314 ) (643,314 )
Dividends (8,000 ) (8,000 )
Transfer of revaluation 675,001 (675,001 ) -
At 31 March 2024 143,333 1,724,591 1,867,924

9. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company. During the year, additional loans in aggregate of £2,128 were provided to the company. At the year end, the directors were owed £2,909.