IRIS Accounts Production v24.2.0.383 04040918 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040409182022-12-31040409182023-12-31040409182023-01-012023-12-31040409182021-12-31040409182022-01-012022-12-31040409182022-12-3104040918ns15:EnglandWales2023-01-012023-12-3104040918ns14:PoundSterling2023-01-012023-12-3104040918ns10:Director12023-01-012023-12-3104040918ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104040918ns10:SmallEntities2023-01-012023-12-3104040918ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3104040918ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104040918ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104040918ns10:FullAccounts2023-01-012023-12-3104040918ns10:Director22023-01-012023-12-3104040918ns10:Director32023-01-012023-12-3104040918ns10:CompanySecretary12023-01-012023-12-3104040918ns10:RegisteredOffice2023-01-012023-12-3104040918ns5:CurrentFinancialInstruments2023-12-3104040918ns5:CurrentFinancialInstruments2022-12-3104040918ns5:ShareCapital2023-12-3104040918ns5:ShareCapital2022-12-3104040918ns5:RevaluationReserve2023-12-3104040918ns5:RevaluationReserve2022-12-3104040918ns5:RetainedEarningsAccumulatedLosses2023-12-3104040918ns5:RetainedEarningsAccumulatedLosses2022-12-310404091812023-01-012023-12-3104040918ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3104040918ns5:PlantMachinery2023-01-012023-12-3104040918ns5:FurnitureFittings2023-01-012023-12-3104040918ns5:LandBuildings2022-12-3104040918ns5:PlantMachinery2022-12-3104040918ns5:FurnitureFittings2022-12-3104040918ns5:LandBuildings2023-01-012023-12-3104040918ns5:LandBuildings2023-12-3104040918ns5:PlantMachinery2023-12-3104040918ns5:FurnitureFittings2023-12-3104040918ns5:LandBuildings2022-12-3104040918ns5:PlantMachinery2022-12-3104040918ns5:FurnitureFittings2022-12-3104040918ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104040918ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104040918ns5:RevaluationReserve2022-12-310404091812023-01-012023-12-31
REGISTERED NUMBER: 04040918 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

CMD Hotels & Catering Limited

CMD Hotels & Catering Limited (Registered number: 04040918)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


CMD Hotels & Catering Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S R Wescott
G I Sankey
D Gould





SECRETARY: D Gould





REGISTERED OFFICE: Macdonald House
21-31 Kelvin Way
Crawley
West Sussex
RH10 9SP





REGISTERED NUMBER: 04040918 (England and Wales)





ACCOUNTANTS: Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
CMD Hotels & Catering Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CMD Hotels & Catering Limited for the year ended 31 December 2023 which comprise the Profit and loss account, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of CMD Hotels & Catering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CMD Hotels & Catering Limited and state those matters that we have agreed to state to the Board of Directors of CMD Hotels & Catering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CMD Hotels & Catering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CMD Hotels & Catering 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 loss of CMD Hotels & Catering Limited. You consider that CMD Hotels & Catering 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 CMD Hotels & Catering 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.

We draw your attention to note 10 in the accounts, the proceeds from the sales are sufficient to settle all outstanding liabilities at the cessation of trade..






Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY


1 August 2024

CMD Hotels & Catering Limited (Registered number: 04040918)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 195,599 200,098

CURRENT ASSETS
Stocks 2,750 2,750
Debtors 6 4,198 33,706
Cash at bank and in hand 30,139 6,351
37,087 42,807
CREDITORS
Amounts falling due within one year 7 66,354 36,900
NET CURRENT (LIABILITIES)/ASSETS (29,267 ) 5,907
TOTAL ASSETS LESS CURRENT LIABILITIES 166,332 206,005

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 14,665 14,665
Retained earnings 151,567 191,240
SHAREHOLDERS' FUNDS 166,332 206,005

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





G I Sankey - Director


CMD Hotels & Catering Limited (Registered number: 04040918)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

CMD Hotels & Catering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern principle
The financial statements have been prepared on a going concern basis; the Directors have considered the basis of accounting in light of the strength of the Group Balance Sheet, and consider that the adoption of the going concern principle is appropriate.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
In preparing the financial statements, it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements, There are no areas of critical estimate or significant judgements that affect the preparation of these financial statements.

Turnover
Turnover 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:

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost

CMD Hotels & Catering Limited (Registered number: 04040918)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

CMD Hotels & Catering Limited (Registered number: 04040918)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 283,166 90,143 141,774 515,083
DEPRECIATION
At 1 January 2023 88,459 85,695 140,831 314,985
Charge for year 2,667 889 943 4,499
At 31 December 2023 91,126 86,584 141,774 319,484
NET BOOK VALUE
At 31 December 2023 192,040 3,559 - 195,599
At 31 December 2022 194,707 4,448 943 200,098

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,198 3,219
Amounts owed by group undertakings - 23,217
Other debtors - 7,270
4,198 33,706

CMD Hotels & Catering Limited (Registered number: 04040918)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 8,129 2,223
Trade creditors 2,621 3,917
Amounts owed to group undertakings 40,569 -
Taxation and social security 12,085 28,210
Other creditors 2,950 2,550
66,354 36,900

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 14,665

9. RELATED PARTY DISCLOSURES

The smallest group for which consolidated financial statement are prepared, which include the results of this company is that headed by Cecil Macdonald & Co Limited whose registered office is 21-31 Kelvin Way, Crawley, RH10 9SP.

10. POST BALANCE SHEET EVENTS

On 12 June 2024 the business sold its properties and trading assets to a third party and from that date the company ceased to trade; proceeds of sale were sufficient to cover all outstanding liabilities at cessation of trade.