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Registration number: 10288690

CMA Property Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 August 2023 to 31 March 2024

 

CMA Property Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

CMA Property Ltd

Company Information

Directors





 

E D Atkinson

F Vaccaro Atkinson

Registered office






 

158 Stafford Road
Wallington
Surrey
SM6 9BS

Accountants

A S Partnership Ltd
Chartered Certified Accountants
158 Stafford Road
Wallington
Surrey
SM6 9BS

 

CMA Property Ltd

(Registration number: 10288690)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

           

Fixed Assets

   

 

Tangible Assets

4

 

1,125,437

 

1,114,583

Current assets

   

 

Debtors

5

690

 

-

 

Cash at bank and in hand

 

1,473

 

4,511

 

 

2,163

 

4,511

 

Creditors: Amounts falling due within one year

6

(323,353)

 

(313,001)

 

Net current liabilities

   

(321,190)

 

(308,490)

Total assets less current liabilities

   

804,247

 

806,093

Creditors: Amounts falling due after more than one year

6

 

(802,374)

 

(802,362)

Provisions for liabilities

 

-

 

(179)

Net assets

   

1,873

 

3,552

Capital and reserves

   

 

Called up share capital

10

 

10

 

Profit and loss account

1,863

 

3,542

 

Total equity

   

1,873

 

3,552

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

 

CMA Property Ltd

(Registration number: 10288690)
Balance Sheet as at 31 March 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

As permitted by s444A and s444(5A) of the Companies Act 2006, the directors have not delivered to the Registrar a copy of the directors report, profit and loss account and associated notes.

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 

.........................................
F Vaccaro Atkinson
Director

 

CMA Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
158 Stafford Road
Wallington
Surrey
SM6 9BS

These financial statements were authorised for issue by the Board on 9 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

 

CMA Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

CMA Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Tangible Assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

1,113,644

-

1,492

1,115,136

Additions

-

10,500

707

11,207

At 31 March 2024

1,113,644

10,500

2,199

1,126,343

Depreciation

At 1 August 2023

-

-

553

553

Charge for the period

-

79

274

353

At 31 March 2024

-

79

827

906

Carrying amount

At 31 March 2024

1,113,644

10,421

1,372

1,125,437

At 31 July 2023

1,113,644

-

939

1,114,583

Included within the net book value of land and buildings above is £1,113,644 (2023 - £1,113,644) in respect of freehold land and buildings.
 

 

CMA Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 March 2024

5

Debtors

2024
£

2023
£

Other debtors

690

-

Total current trade and other debtors

690

-

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other creditors

 

5,274

6,693

Directors' loan accounts

 

318,079

306,308

 

323,353

313,001

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

802,374

802,362

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

10

10

10

10