Acorah Software Products - Accounts Production 15.0.600 false true true true 6 January 2023 31 January 2024 31 January 2024 14576550 Miss Chloe Robert Miss Madison Robert iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14576550 2023-01-05 14576550 2024-01-31 14576550 2023-01-06 2024-01-31 14576550 frs-core:CurrentFinancialInstruments 2024-01-31 14576550 frs-core:Non-currentFinancialInstruments 2024-01-31 14576550 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 14576550 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-06 2024-01-31 14576550 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-05 14576550 frs-core:ShareCapital 2023-01-05 14576550 frs-core:ShareCapital 2024-01-31 14576550 frs-core:RetainedEarningsAccumulatedLosses 2023-01-06 2024-01-31 14576550 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-01-05 14576550 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 14576550 frs-bus:PrivateLimitedCompanyLtd 2023-01-06 2024-01-31 14576550 frs-bus:FullAccounts 2023-01-06 2024-01-31 14576550 frs-bus:SmallEntities 2023-01-06 2024-01-31 14576550 frs-bus:AuditExemptWithAccountantsReport 2023-01-06 2024-01-31 14576550 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-06 2024-01-31 14576550 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-01-06 2024-01-31 14576550 frs-bus:Director1 2023-01-06 2024-01-31 14576550 frs-bus:Director1 2024-01-31 14576550 frs-bus:Director2 2023-01-06 2024-01-31 14576550 frs-bus:Director2 2024-01-31 14576550 frs-bus:Director3 2023-01-06 2024-01-31 14576550 frs-bus:Director3 2024-01-31 14576550 frs-countries:EnglandWales 2023-01-06 2024-01-31
Registered number: 14576550
CM 1 (Norwich) Limited
Directors' Report and
Unaudited Financial Statements
For the Period 6 January 2023 to 31 January 2024
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5
Statement of Changes in Equity 6
Notes to the Financial Statements 7—8
Page 1
Company Information
Directors Miss Chloe Robert
Miss Madison Robert
Company Number 14576550
Registered Office Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
Accountants Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the period ended 31 January 2024.
Principal Activity
The company's principal activity continues to be that of the rental of owned real estate.
Directors
The directors who held office during the period were as follows:
Miss Chloe Robert Appointed 06/01/2023
Mr Romain Robert Appointed 06/01/2023 Resigned 19/01/2023
Miss Madison Robert Appointed 06/01/2023
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Miss Chloe Robert
Director
24/08/2024
Page 2
Page 3
Accountant's Report
Report of the Accountant to the directors of CM 1 (Norwich) Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period ended 31 January 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting period. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
Mr Edward Clarke, BSc (Hons), MAAT
24/08/2024
Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
Page 3
Page 4
Profit and Loss Account
31 January 2024
Notes £
TURNOVER 2,850
GROSS PROFIT 2,850
Administrative expenses (596 )
OPERATING PROFIT 2,254
Interest payable and similar charges (4,909 )
LOSS FOR THE FINANCIAL PERIOD (2,655 )
The notes on pages 7 to 8 form part of these financial statements.
Page 4
Page 5
Balance Sheet
31 January 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 125,394
125,394
CURRENT ASSETS
Debtors 6 61
Cash at bank and in hand 1,111
1,172
Creditors: Amounts Falling Due Within One Year 7 (39,156 )
NET CURRENT ASSETS (LIABILITIES) (37,984 )
TOTAL ASSETS LESS CURRENT LIABILITIES 87,410
Creditors: Amounts Falling Due After More Than One Year 8 (89,975 )
NET LIABILITIES (2,565 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (2,665 )
SHAREHOLDERS' FUNDS (2,565)
For the period ending 31 January 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Miss Chloe Robert
Director
24/08/2024
The notes on pages 7 to 8 form part of these financial statements.
Page 5
Page 6
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 6 January 2023 100 (10 ) 90
Loss for the period and total comprehensive income - (2,655 ) (2,655)
As at 31 January 2024 100 (2,665 ) (2,565)
Page 6
Page 7
Notes to the Financial Statements
1. General Information
CM 1 (Norwich) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14576550 . The registered office is Dashwood House, 1 Tyrells Road, Great Yarmouth, Norfolk, NR31 0AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
Page 7
Page 8
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 6 January 2023 -
Additions 125,394
As at 31 January 2024 125,394
Net Book Value
As at 31 January 2024 125,394
As at 6 January 2023 -
5. Investment Property
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 January 2024
£
Cost 125,394
6. Debtors
31 January 2024
£
Due within one year
Prepayments and accrued income 61
7. Creditors: Amounts Falling Due Within One Year
31 January 2024
£
Trade creditors 276
Directors' loan accounts 38,880
39,156
8. Creditors: Amounts Falling Due After More Than One Year
31 January 2024
£
Bank loans 89,975
9. Share Capital
31 January 2024
£
Allotted, Called up and fully paid 100
Page 8