IRIS Accounts Production v24.2.0.383 08284682 director 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082846822023-03-31082846822024-03-31082846822023-04-012024-03-31082846822022-03-31082846822022-04-012023-03-31082846822023-03-3108284682ns15:EnglandWales2023-04-012024-03-3108284682ns14:PoundSterling2023-04-012024-03-3108284682ns10:Director12023-04-012024-03-3108284682ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108284682ns10:SmallEntities2023-04-012024-03-3108284682ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3108284682ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108284682ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108284682ns10:FullAccounts2023-04-012024-03-3108284682ns10:RegisteredOffice2023-04-012024-03-3108284682ns5:CurrentFinancialInstruments2024-03-3108284682ns5:CurrentFinancialInstruments2023-03-3108284682ns5:Non-currentFinancialInstruments2024-03-3108284682ns5:Non-currentFinancialInstruments2023-03-3108284682ns5:ShareCapital2024-03-3108284682ns5:ShareCapital2023-03-3108284682ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3108284682ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3108284682ns5:RetainedEarningsAccumulatedLosses2024-03-3108284682ns5:RetainedEarningsAccumulatedLosses2023-03-3108284682ns5:PlantMachinery2023-04-012024-03-3108284682ns5:PlantMachinery2023-03-3108284682ns5:PlantMachinery2024-03-3108284682ns5:PlantMachinery2023-03-3108284682ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108284682ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3108284682ns5:Secured2024-03-3108284682ns5:Secured2023-03-3108284682ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31
REGISTERED NUMBER: 08284682 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CMS PROPERTY INVESTMENTS LIMITED

CMS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08284682)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

CMS PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Ms E Horsnell Shave





REGISTERED OFFICE: The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: 08284682 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

CMS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08284682)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 384
Investment property 5 3,515,000 3,515,000
3,515,000 3,515,384

CURRENT ASSETS
Debtors 6 11,054 11,826
Cash at bank 5,219 4,924
16,273 16,750
CREDITORS
Amounts falling due within one year 7 14,943 73,399
NET CURRENT ASSETS/(LIABILITIES) 1,330 (56,649 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,516,330

3,458,735

CREDITORS
Amounts falling due after more than one
year

8

(1,493,325

)

(1,423,946

)

PROVISIONS FOR LIABILITIES (239,473 ) (239,546 )
NET ASSETS 1,783,532 1,795,243

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 1,020,911 1,020,911
Retained earnings 762,521 774,232
SHAREHOLDERS' FUNDS 1,783,532 1,795,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CMS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08284682)

BALANCE SHEET - continued
31 MARCH 2024


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 27 September 2024 and were signed by:





Ms E Horsnell Shave - Director


CMS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08284682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

CMS Property Investments 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on 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 (2023 - 1 ) .

CMS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08284682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 3,405
DEPRECIATION
At 1 April 2023 3,021
Charge for year 384
At 31 March 2024 3,405
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 384

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,515,000
NET BOOK VALUE
At 31 March 2024 3,515,000
At 31 March 2023 3,515,000

Investment properties were valued on an open market basis on 31 March 2024 by Ms E Horsnell Shave the director and shareholder.

The valuation of the properties at the year end is based on recent sales data for similar properties in the residential area and is not carried out by an independent professionally qualified valuer.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,054 11,826

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,353 31,550
Amounts owed to group undertakings - 13,461
Taxation and social security - 4,848
Other creditors 5,590 23,540
14,943 73,399

CMS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08284682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,459,717 1,423,946
Other creditors 33,608 -
1,493,325 1,423,946

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,469,070 1,455,496

Lloyds Bank Plc have a fixed and floating charge over:

- 1 to 6 Axminster Court, 3A Queens Road, Farnborough, GU14 6DJ (freehold - HP788266);
- Flat 16, Regents Place, Hersham Road, Walton-On-Thames KT12 1FH (leasehold - SY817225);
- Flat 17, Regents Place, Hersham Road, Walton-On-Thames KT12 1FH (leasehold - SY817381);
- Flat 19, Regents Place, Hersham Road, Walton-On-Thames KT12 1FH (leasehold - SY817575);
- 3 The Courtyard, High Street, Ripley, Woking and car parking space GU23 6BQ also known as Hazel Cottage, 3 The Courtyard, Ripley, Surrey GU23 6AF (freehold - SY815068); and
- Yew cottage, 6 The Courtyard, High Street, Ripley, Woking and parking space GU23 6BQ (freehold - SY814908).

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 1,020,911

11. ULTIMATE CONTROLLING PARTY

The controlling party is Ms E Horsnell Shave.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CMS PROPERTY INVESTMENTS LIMITED

The following reproduces the text of the report prepared for the director 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 Director 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 CMS Property Investments Limited for the year ended 31 March 2024 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of CMS Property Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CMS Property Investments Limited and state those matters that we have agreed to state to the director of CMS Property Investments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that CMS Property Investments 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 CMS Property Investments Limited. You consider that CMS Property Investments 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 CMS Property Investments 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.






LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG


27 September 2024