Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseNo description of principal activity2023-04-0111falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06293376 2023-04-01 2024-03-31 06293376 2022-04-01 2023-03-31 06293376 2024-03-31 06293376 2023-03-31 06293376 c:Director1 2023-04-01 2024-03-31 06293376 d:FurnitureFittings 2023-04-01 2024-03-31 06293376 d:FurnitureFittings 2024-03-31 06293376 d:FurnitureFittings 2023-03-31 06293376 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06293376 d:FreeholdInvestmentProperty 2024-03-31 06293376 d:FreeholdInvestmentProperty 2023-03-31 06293376 d:CurrentFinancialInstruments 2024-03-31 06293376 d:CurrentFinancialInstruments 2023-03-31 06293376 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06293376 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06293376 d:ShareCapital 2024-03-31 06293376 d:ShareCapital 2023-03-31 06293376 d:RetainedEarningsAccumulatedLosses 2024-03-31 06293376 d:RetainedEarningsAccumulatedLosses 2023-03-31 06293376 c:FRS102 2023-04-01 2024-03-31 06293376 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06293376 c:FullAccounts 2023-04-01 2024-03-31 06293376 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06293376 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06293376









CENTRAL MERCANTILE GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CENTRAL MERCANTILE GROUP LIMITED
REGISTERED NUMBER: 06293376

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
353
-

Investment property
 5 
69,066
69,066

  
69,419
69,066

Current assets
  

Debtors: amounts falling due within one year
 6 
486
485

Cash at bank and in hand
 7 
6,758
4,809

  
7,244
5,294

Creditors: amounts falling due within one year
 8 
(7,074)
(5,531)

Net current assets/(liabilities)
  
 
 
170
 
 
(237)

Total assets less current liabilities
  
69,589
68,829

  

Net assets
  
69,589
68,829


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
69,489
68,729

  
69,589
68,829


Page 1

 
CENTRAL MERCANTILE GROUP LIMITED
REGISTERED NUMBER: 06293376
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 September 2024.




................................................
Mr R J Battat
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CENTRAL MERCANTILE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Central Mercantile Group Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered office is Aston House, Cornwall Avenue, London N3 1LF. The registered number is 06293376. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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.

Page 3

 
CENTRAL MERCANTILE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
12.5% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CENTRAL MERCANTILE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
CENTRAL MERCANTILE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


Additions
404



At 31 March 2024

404



Depreciation


Charge for the year on owned assets
51



At 31 March 2024

51



Net book value



At 31 March 2024
353



At 31 March 2023
-


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
69,066



At 31 March 2024
69,066

The 2024 valuations were made by the director, on an open market value for existing use basis.






Page 6

 
CENTRAL MERCANTILE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
486
485

486
485



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,758
4,809

6,758
4,809



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
5,074
3,731

Accruals and deferred income
2,000
1,800

7,074
5,531


 
Page 7