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REGISTERED NUMBER: 04760503 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Octagon CWM Limited

Octagon CWM Limited (Registered number: 04760503)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Octagon CWM Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R I S Adams





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 04760503 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Octagon CWM Limited (Registered number: 04760503)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 392,317 403,763
Investments 5 294,222 231,735
Investment property 6 652,546 617,546
1,339,085 1,253,044

CURRENT ASSETS
Debtors 7 83,169 166,343
Cash at bank 42,805 28,260
125,974 194,603
CREDITORS
Amounts falling due within one year 8 11,726 11,598
NET CURRENT ASSETS 114,248 183,005
TOTAL ASSETS LESS CURRENT LIABILITIES 1,453,333 1,436,049

CREDITORS
Amounts falling due after more than one year 9 (180,000 ) (180,000 )

PROVISIONS FOR LIABILITIES (14,269 ) (13,971 )
NET ASSETS 1,259,064 1,242,078

CAPITAL AND RESERVES
Called up share capital 11 1,003 1,003
Capital redemption reserve 12 51,100 51,100
Retained earnings 12 1,206,961 1,189,975
SHAREHOLDERS' FUNDS 1,259,064 1,242,078

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 director acknowledges his 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.

Octagon CWM Limited (Registered number: 04760503)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 6 September 2024 and were signed by:





R I S Adams - Director


Octagon CWM Limited (Registered number: 04760503)

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

1. STATUTORY INFORMATION

Octagon CWM 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents gross commissions received.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Octagon CWM Limited (Registered number: 04760503)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 536,996 3,809 12,289 6,370 559,464
DEPRECIATION
At 1 January 2023 136,059 3,737 9,535 6,370 155,701
Charge for year 10,740 18 688 - 11,446
At 31 December 2023 146,799 3,755 10,223 6,370 167,147
NET BOOK VALUE
At 31 December 2023 390,197 54 2,066 - 392,317
At 31 December 2022 400,937 72 2,754 - 403,763

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 1 231,734 231,735
Additions - 81,345 81,345
Disposals - (30,710 ) (30,710 )
Revaluations - 11,852 11,852
At 31 December 2023 1 294,221 294,222
NET BOOK VALUE
At 31 December 2023 1 294,221 294,222
At 31 December 2022 1 231,734 231,735

Cost or valuation at 31 December 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2022 1 231,734 231,735
Valuation in 2023 - 62,487 62,487
1 294,221 294,222

Octagon CWM Limited (Registered number: 04760503)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 617,546
Additions 35,000
At 31 December 2023 652,546
NET BOOK VALUE
At 31 December 2023 652,546
At 31 December 2022 617,546

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2017 80,490
Valuation in 2018 (10,785 )
Valuation in 2019 (13,821 )
Cost 596,662
652,546

If the investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 596,662 561,662

The investment property was valued on an open market basis on 31 December 2023 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 46,498 46,498
Directors' current accounts 36,671 119,845
83,169 166,343

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 36 34
Amounts owed to group undertakings 5,649 -
Tax 8,741 8,883
Social security and other taxes 273 342
Other creditors (5,613 ) 35
Accrued expenses 2,640 2,304
11,726 11,598

Octagon CWM Limited (Registered number: 04760503)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loan over 5 years 180,000 180,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loan over 5 years 180,000 180,000

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 180,000 180,000

The loans are secured against the freehold property and the investment property.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100
2 Ordinary B £1 2 2
900 Ordinary C £1 900 900
1 Ordinary D £1 1 1
1,003 1,003

12. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2023 1,189,975 51,100 1,241,075
Profit for the year 34,986 34,986
Dividends (18,000 ) (18,000 )
At 31 December 2023 1,206,961 51,100 1,258,061

The company has non-distributable reserves totalling £41,913.

Octagon CWM Limited (Registered number: 04760503)

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

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
R I S Adams
Balance outstanding at start of year 119,845 -
Amounts advanced - 119,845
Amounts repaid (83,174 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,671 119,845

The loan was repaid within 9 months of the year end.