Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3113false2023-01-01No description of principal activity13falsefalsefalse 10734484 2023-01-01 2023-12-31 10734484 2022-01-01 2022-12-31 10734484 2023-12-31 10734484 2022-12-31 10734484 2022-01-01 10734484 1 2023-01-01 2023-12-31 10734484 1 2022-01-01 2022-12-31 10734484 5 2023-01-01 2023-12-31 10734484 5 2022-01-01 2022-12-31 10734484 6 2023-01-01 2023-12-31 10734484 6 2022-01-01 2022-12-31 10734484 d:Director1 2023-01-01 2023-12-31 10734484 d:RegisteredOffice 2023-01-01 2023-12-31 10734484 d:Agent1 2023-01-01 2023-12-31 10734484 e:FurnitureFittings 2023-01-01 2023-12-31 10734484 e:FurnitureFittings 2023-12-31 10734484 e:FurnitureFittings 2022-12-31 10734484 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10734484 e:OfficeEquipment 2023-01-01 2023-12-31 10734484 e:OfficeEquipment 2023-12-31 10734484 e:OfficeEquipment 2022-12-31 10734484 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10734484 e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10734484 e:CurrentFinancialInstruments 2023-12-31 10734484 e:CurrentFinancialInstruments 2022-12-31 10734484 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 10734484 e:CurrentFinancialInstruments e:WithinOneYear 2022-12-31 10734484 e:UKTax 2023-01-01 2023-12-31 10734484 e:UKTax 2022-01-01 2022-12-31 10734484 e:ShareCapital 2023-12-31 10734484 e:ShareCapital 2022-12-31 10734484 e:ShareCapital 2022-01-01 10734484 e:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10734484 e:RetainedEarningsAccumulatedLosses 2023-12-31 10734484 e:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 10734484 e:RetainedEarningsAccumulatedLosses 2022-12-31 10734484 e:RetainedEarningsAccumulatedLosses 2022-01-01 10734484 d:OrdinaryShareClass1 2023-01-01 2023-12-31 10734484 d:OrdinaryShareClass1 2023-12-31 10734484 d:OrdinaryShareClass1 2022-12-31 10734484 d:FRS102 2023-01-01 2023-12-31 10734484 d:Audited 2023-01-01 2023-12-31 10734484 d:FullAccounts 2023-01-01 2023-12-31 10734484 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10734484 e:WithinOneYear 2023-12-31 10734484 e:WithinOneYear 2022-12-31 10734484 e:BetweenOneFiveYears 2023-12-31 10734484 e:BetweenOneFiveYears 2022-12-31 10734484 f:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 10734484












CD CAPITAL ASSET MANAGEMENT LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 

CD CAPITAL ASSET MANAGEMENT LIMITED
 
COMPANY INFORMATION


Director
C Daniele 




Registered number
10734484



Registered office
7th Floor
105 Piccadilly

London

W1J 7NJ




Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants & Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Bankers
Coutts
440 Strand

London

WC2R 0QS





 

CD CAPITAL ASSET MANAGEMENT LIMITED

DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The director presents her report and the financial statements for the year ended 31 December 2023.

Director

The director who served during the year was:

C Daniele 

Director's responsibilities statement

The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the director is required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable her to ensure that the financial statements comply with the Companies Act 2006She is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

The director at the time when this director's report is approved has confirmed that:
 
so far as she is aware, there is no relevant audit information of which the Company's auditor is unaware, and

she has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

This report was approved by the board on 24 April 2024 and signed on its behalf.
 





C Daniele
Director


 

CD CAPITAL ASSET MANAGEMENT LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CD CAPITAL ASSET MANAGEMENT LIMITED
 FOR THE YEAR ENDED 31 DECEMBER 2023

Opinion


We have audited the financial statements of CD Capital Asset Management Limited (the 'Company') for the year ended 31 December 2023, which comprise the statement of comprehensive income, the balance sheet, the statement of cash flows, the statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2023 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.



 

CD CAPITAL ASSET MANAGEMENT LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CD CAPITAL ASSET MANAGEMENT LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023

Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the director's report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the director's report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the director was not entitled to take advantage of the small companies' exemption from the requirement to prepare a strategic report.


Responsibilities of directors
 

As explained more fully in the director's responsibilities statement set out on page , the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Company or to cease operations, or have no realistic alternative but to do so.



 

CD CAPITAL ASSET MANAGEMENT LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CD CAPITAL ASSET MANAGEMENT LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023

Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, and non-compliance with laws and regulations, our procedures included the following: enquiring of management concerning the Company’s policies with regards identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;  enquiring of management concerning the Company’s policies detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; enquiring of management concerning the Company’s policies  in relation to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; discussing among the engagement team where fraud might occur in the financial statements and any potential indicators of fraud; and obtaining an understanding of the legal and regulatory framework that the Company operates in and focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the Company. The key laws and regulations we considered in this context included the UK Companies Act 2006, the Financial Services and Markets Act 2000 and applicable tax legislation.
One particular focus area included the risk of fraud through management override of controls. Our procedures to respond to risks identified included the following: performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing the bank statements of the Company for evidence of any large or unusual activity which may be indicative of fraud; enquiring of management in relation to any potential litigation and claims; and testing the appropriateness of journal entries and other adjustments.
Another focus area was non-compliance with the rules of the Financial Conduct Authority ('the FCA'). The Company was authorised and regulated by the FCA throughout the period. Our procedures to respond to risks identified included the following: reviewing correspondence between the Company and the FCA, performing analytical review to detect receipts of client money and remaining alert to the possibility of accidental receipts of client monies; and discussion of regulatory matters with the appointed officers of the Company.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. 
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.



 

CD CAPITAL ASSET MANAGEMENT LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CD CAPITAL ASSET MANAGEMENT LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023

Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Shaun Melvin (senior statutory auditor)
  
for and on behalf of
Blick Rothenberg Audit LLP
 
Chartered Accountants
Statutory Auditor
  
16 Great Queen Street
Covent Garden
London
WC2B 5AH

24 April 2024

 

CD CAPITAL ASSET MANAGEMENT LIMITED
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2023

2023
2022
Note
£
£

  

Turnover
 3 
1,911,140
1,956,929

Administrative expenses
  
(1,820,134)
(1,859,597)

Operating profit
 4 
91,006
97,332

Tax on profit
 7 
(16,896)
(17,618)

Profit for the financial year
  
74,110
79,714

The notes on pages 5 to 11 form part of these financial statements.

Page 1


 
REGISTERED NUMBER:10734484
CD CAPITAL ASSET MANAGEMENT LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 8 
10,781
6,347

  
10,781
6,347

Current assets
  

Debtors: amounts falling due within one year
 9 
480,730
461,468

Cash at bank and in hand
  
88,375
113,255

  
569,105
574,723

Creditors: amounts falling due within one year
 10 
(144,107)
(219,401)

Net current assets
  
 
 
424,998
 
 
355,322

Total assets less current liabilities
  
435,779
361,669

  

Net assets
  
435,779
361,669


Capital and reserves
  

Called up share capital 
 11 
10,000
10,000

Profit and loss account
  
425,779
351,669

  
435,779
361,669


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 April 2024.




C Daniele
Director

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 

CD CAPITAL ASSET MANAGEMENT LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
10,000
271,955
281,955



Profit for the year
-
79,714
79,714



At 1 January 2023
10,000
351,669
361,669



Profit for the year
-
74,110
74,110


At 31 December 2023
10,000
425,779
435,779


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 

CD CAPITAL ASSET MANAGEMENT LIMITED

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023

2023
2022
£
£

Cash flows from operating activities

Profit for the financial year
74,110
79,714

Adjustments for:

Depreciation of tangible assets
7,121
7,587

Taxation charge
16,896
17,618

(Increase) in debtors
(20,047)
(101,036)

Decrease/(increase) in amounts owed by groups
785
(120,735)

(Decrease) in creditors
(74,572)
(49,759)

Increase/(decrease)) in amounts owed to groups
-
(231,140)

Corporation tax (paid)
(17,618)
(20,582)

Net cash generated from operating activities

(13,325)
(418,333)


Cash flows from investing activities

Purchase of tangible fixed assets
(11,555)
(3,055)

Net cash from investing activities

(11,555)
(3,055)


Net (decrease) in cash and cash equivalents
(24,880)
(421,388)

Cash and cash equivalents at beginning of year
113,255
534,643

Cash and cash equivalents at the end of year
88,375
113,255


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
88,375
113,255


Page 4

 

CD CAPITAL ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

CD Capital Asset Management Limited (the 'Company') is a private limited liability company registered in England.
The Company's registered address is 105 Piccadilly, London W1J 7NJ.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

Management do not consider there to be any significant accounting estimates or any material judgemental areas in applying the accounting policies.

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of value added tax. 

 
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 and fittings
-
33%
straight line
Office equipment
-
33%
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

Financial instruments

The company does not trade in financial instruments and all such instruments arise directly from operations.
All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The company does not hold collateral against its trade and other receivables so its exposure to credit risk is the net
Page 5

 

CD CAPITAL ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)

balance of trade and other debtors after allowance for impairment. 
The company's cash holdings comprise on demand balances. All cash is held with banks with strong external credit ratings.
Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished. As the company only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.

 
2.5

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Turnover

The whole of the turnover is attributable to the Company's principal continuing activity.

All turnover arose within the United Kingdom.

Page 6

 

CD CAPITAL ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Operating profit

The operating profit is stated after charging:

2023
2022
£
£

Depreciation of tangible fixed assets
7,121
7,587

Exchange differences
188
18,407

Operating leases: Land and buildings
232,377
231,953

Fees payable to the company's auditor for the audit of the company's annual financial statements
15,000
15,000


5.


Employees

Staff costs, including director's remuneration, were as follows:


2023
2022
£
£

Wages and salaries
872,930
907,439

Social security costs
107,614
118,633

Cost of defined contribution scheme
61,925
39,586

1,042,469
1,065,658


The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Number of staff
13
13


6.


Director's remuneration

2023
2022
£
£

Director's emoluments
12,612
10,889

12,612
10,889


Page 7

 

CD CAPITAL ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
16,896
17,618


Total current tax
16,896
17,618


Factors affecting tax charge for the year

The tax assessed for the year differs from the standard rate of corporation tax in the UK for the year of 23.5% (2022 - 19%). The differences are explained below:

2023
2022
£
£


Profit on ordinary activities before tax
91,006
97,332


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 23.5% (2022 - 19%)
21,405
18,493

Effects of:


Expenses not deductible for tax purposes
637
233

Enhanced capital allowances
(73)
(174)

Unprovided deferred tax
(4,503)
(934)

Marginal relief
(570)
-

Total tax charge for the year
16,896
17,618


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 8

 

CD CAPITAL ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost 


At 1 January 2023
325,835
39,299
365,134


Additions
-
11,555
11,555



At 31 December 2023

325,835
50,854
376,689



Depreciation


At 1 January 2023
325,201
33,586
358,787


Charge for the year
317
6,804
7,121



At 31 December 2023

325,518
40,390
365,908



Net book value



At 31 December 2023
317
10,464
10,781



At 31 December 2022
634
5,713
6,347


9.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
119,950
120,735

Other debtors
186,608
174,813

Prepayments and accrued income
174,172
165,920

480,730
461,468


An amount of £128,898 (2022: £128,898), included within other debtors, is due after more than one year.

Page 9

 

CD CAPITAL ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
18,708
15,767

Corporation tax
16,896
17,618

Other taxation and social security
-
32,431

Other creditors
17,565
14,214

Accruals and deferred income
90,938
139,371

144,107
219,401



11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) Ordinary shares of £1.00 each
10,000
10,000


12.


Analysis of net debt




At 1 January 2023
Cash flows
At 31 December 2023
£

£

£

Cash at bank and in hand

113,255

(24,880)

88,375


113,255
(24,880)
88,375


13.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
211,761
211,181

Later than 1 year and not later than 5 years
304,588
528,532

516,349
739,713

Page 10

 

CD CAPITAL ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

14.


Related party transactions

The Company has taken the exemption available in FRS 102 33.1A as a wholly owned subsidiary to not give details of transactions with its parent.
At the year end a loan balance of £3,074 (2022: £7,582) was due from the director.


15.


Controlling party

The immediate controlling party during the period was CD Capital Management Group Limited, a company incorporated in the Cayman Islands. 
The ultimate controlling party is CDC Trust, of which the director is a beneficiary. 

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