1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 132,462 476,206 xbrli:pure xbrli:shares iso4217:GBP 08662253 2022-12-01 2023-11-30 08662253 2023-11-30 08662253 2022-11-30 08662253 2021-12-01 2022-11-30 08662253 2022-11-30 08662253 2021-11-30 08662253 bus:RegisteredOffice 2022-12-01 2023-11-30 08662253 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 08662253 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 08662253 bus:Director1 2022-12-01 2023-11-30 08662253 core:WithinOneYear 2023-11-30 08662253 core:WithinOneYear 2022-11-30 08662253 core:AfterOneYear 2023-11-30 08662253 core:AfterOneYear 2022-11-30 08662253 core:ShareCapital 2023-11-30 08662253 core:ShareCapital 2022-11-30 08662253 core:RetainedEarningsAccumulatedLosses 2023-11-30 08662253 core:RetainedEarningsAccumulatedLosses 2022-11-30 08662253 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 08662253 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-11-30 08662253 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-11-30 08662253 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2023-11-30 08662253 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 08662253 core:Non-currentFinancialInstruments 2023-11-30 08662253 core:Non-currentFinancialInstruments 2022-11-30 08662253 bus:SmallEntities 2022-12-01 2023-11-30 08662253 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08662253 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08662253 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08662253 bus:FullAccounts 2022-12-01 2023-11-30 08662253 bus:OrdinaryShareClass1 2023-11-30 08662253 bus:OrdinaryShareClass1 2022-11-30
COMPANY REGISTRATION NUMBER: 08662253
CCM Holdings Limited
Unaudited Financial Statements
30 November 2023
CCM Holdings Limited
Financial Statements
Year Ended 30 November 2023
Contents
Pages
Officers and professional advisers
1
Director's report
2
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
3
Statement of income and retained earnings
4
Statement of financial position
5 to 6
Notes to the financial statements
7 to 10
CCM Holdings Limited
Officers and Professional Advisers
Director
Mr G H Allen
Registered office
Highfield House
Astwith Close
Holmewood
Chesterfield
S42 5UR
Accountants
MCABA Limited t/a Mitchells
Chartered Accountants
91-97 Saltergate
Chesterfield
Derbyshire
S40 1LA
Bankers
NatWest
1 Chesterfield Road
Alfreton
Derbyshire
DE55 7ZR
CCM Holdings Limited
Director's Report
Year Ended 30 November 2023
The director presents his report and the unaudited financial statements of the company for the year ended 30 November 2023 .
Director
The director who served the company during the year was as follows:
Mr G H Allen
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 30 August 2024 and signed on behalf of the board by:
Mr G H Allen
Director
CCM Holdings Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of CCM Holdings Limited
Year Ended 30 November 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 CCM Holdings Limited for the year ended 30 November 2023, which comprise the statement of income and retained earnings, statement of financial position 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 www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of CCM Holdings Limited in accordance with the terms of our engagement letter dated 13 December 2022. Our work has been undertaken solely to prepare for your approval the financial statements of CCM Holdings Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CCM Holdings Limited and its director for our work or for this report.
It is your duty to ensure that CCM Holdings Limited 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 CCM Holdings Limited. You consider that CCM Holdings Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of CCM Holdings Limited. 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.
MCABA Limited t/a Mitchells Chartered Accountants
91-97 Saltergate Chesterfield Derbyshire S40 1LA
30 August 2024
CCM Holdings Limited
Statement of Income and Retained Earnings
Year Ended 30 November 2023
2023
2022
Note
£
£
Turnover
4
155,640
98,789
---------
--------
Gross Profit
155,640
98,789
Administrative expenses
1,568
( 392,328)
---------
---------
Operating Profit
154,072
491,117
Interest payable and similar expenses
21,610
14,911
---------
---------
Profit Before Taxation
132,462
476,206
Tax on profit
---------
---------
Profit for the Financial Year and Total Comprehensive Income
132,462
476,206
---------
---------
All the activities of the company are from continuing operations.
CCM Holdings Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Fixed Assets
Investments
6
1,060,001
2,324,875
Current Assets
Debtors
7
2,113,575
87,400
Cash at bank and in hand
2,176
325
------------
--------
2,115,751
87,725
Creditors: amounts falling due within one year
8
1,190,633
602,655
------------
---------
Net Current Assets/(Liabilities)
925,118
( 514,930)
------------
------------
Total Assets Less Current Liabilities
1,985,119
1,809,945
Creditors: amounts falling due after more than one year
9
1,267,589
1,224,877
------------
------------
Net Assets
717,530
585,068
------------
------------
Capital and Reserves
Called up share capital
11
10
10
Profit and loss account
12
717,520
585,058
---------
---------
Shareholders Funds
717,530
585,068
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CCM Holdings Limited
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 30 August 2024 , and are signed on behalf of the board by:
Mr G H Allen
Director
Company registration number: 08662253
CCM Holdings Limited
Notes to the Financial Statements
Year Ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Highfield House, Astwith Close, Holmewood, Chesterfield S42 5UR. The company's place of business is Occupation Lane, Hepthorne Lane, North Wingfield, Chesterfield, Derbyshire, S42 6DA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. All of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Revenue recognition
Rental income represents the rents due for the year under operating leases all of which relate to properties in the United Kingdom.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Any fixed asset investment carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Turnover
Turnover amounted to £155,639 (2022: £98,788) for the year.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
6. Investments
Shares in group undertakings
Investment Properties
Total
£
£
£
Cost
At 1 December 2022
1,394,875
930,000
2,324,875
Additions
120,001
120,001
Disposals
( 1,414,875)
( 1,414,875)
Revaluations
30,000
30,000
------------
---------
------------
At 30 November 2023
100,001
960,000
1,060,001
------------
---------
------------
Impairment
At 1 December 2022 and 30 November 2023
------------
---------
------------
Carrying amount
At 30 November 2023
100,001
960,000
1,060,001
------------
---------
------------
At 30 November 2022
1,394,875
930,000
2,324,875
------------
---------
------------
The fair value of the properties were made in the year by the directors, who have experience in the location and class of properties, on an open market value for existing use basis. No further input from an independent valuer was deemed to be required.
7. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
521,164
87,400
Other debtors
1,592,411
------------
--------
2,113,575
87,400
------------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
177,865
29,367
Trade creditors
1,956
Amounts owed to group undertakings and undertakings in which the company has a participating interest
191,151
490,143
Other creditors
442,844
Other creditors
376,817
83,145
------------
---------
1,190,633
602,655
------------
---------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
161,907
330,895
Amounts owed to group undertakings and undertakings in which the company has a participating interest
893,982
Other creditors - due over one year
1,105,682
------------
------------
1,267,589
1,224,877
------------
------------
Included within creditors: amounts falling due after more than five years is an amount of £98,069 (2022: £105,281) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
10. Secured liabilities
The aggregate amount of secured liabilities, secured on the assets of the company at the year end were £339,772 (2022: £360,262).
11. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
10
10
10
10
----
----
----
----
12. Reserves
Profit and loss account Both previous UK GAAP and FRS102 require investment properties to be stated in the accounts at their current market value, with no annual depreciation charge. However, while previous UK GAAP stipulated that the surplus on revaluation of the property should be held in the revaluation reserve which, being an unrealised surplus, did not form part of the company's distributable reserve, FRS102 requires that these surpluses, although still not distributable, be charged through the Profit and Loss Account. Consequently, the Profit and Loss Account reserve at 30 November 2023 includes a non-distributable amount of £nil (2022 - £nil).
13. Director's advances, credits and guarantees
There are no director's advances, credits or guarantees requiring disclosure.