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Company Registration No. 11353186 (England and Wales)
Cleansmart Properties Limited Unaudited accounts for the year ended 31 March 2024
Cleansmart Properties Limited Unaudited accounts Contents
Page
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Cleansmart Properties Limited Company Information for the year ended 31 March 2024
Director
Matthew Flewitt
Company Number
11353186 (England and Wales)
Registered Office
6 Edison Village Nottingham Science & Technology Park Nottingham Nottinghamshire NG72RF United Kingdom
Accountants
Archimedia Accounts 6 Edison Village Nottingham Science & Technology Park Nottingham Nottinghamshire NG72RF
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Cleansmart Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
450,000 
450,000 
Creditors: amounts falling due within one year
(124,623)
(116,042)
Net current liabilities
(124,623)
(116,042)
Total assets less current liabilities
325,377 
333,958 
Creditors: amounts falling due after more than one year
(161,146)
(184,420)
Provisions for liabilities
Other provisions
(14,289)
(14,289)
Net assets
149,942 
135,249 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
60,918 
60,918 
Profit and loss account
89,023 
74,330 
Shareholders' funds
149,942 
135,249 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 August 2024 and were signed on its behalf by
Matthew Flewitt Director Company Registration No. 11353186
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Cleansmart Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cleansmart Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11353186. The registered office is 6 Edison Village, Nottingham Science & Technology Park, Nottingham, Nottinghamshire, NG72RF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
450,000 
At 31 March 2024
450,000 
Fair value at 31 March 2022 is represented by a cost of £374,793 and a valuation in 2019 of £75,207.
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Cleansmart Properties Limited Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
27,347 
15,000 
VAT
1,600 
1,600 
Amounts owed to group undertakings and other participating interests
92,230 
94,656 
Taxes and social security
3,446 
4,186 
Accruals
- 
600 
124,623 
116,042 
The following secured debts are included within creditors falling due within one year: Bank loans: £27347.
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
161,146 
184,420 
Aggregate of amounts that fall due for payment after five years
- 
109,420 
The following secured debts are included within creditors falling due within one year: Bank loans: £161146 (2022: £184,419)
7
Transactions with related parties
There was an interest free intercompany balance owed by the company to Cleansmart Properties ltd, which is also owned by the director. 2024: £92230 (2023: £92654)
8
Average number of employees
During the year the average number of employees was 0 (2023: 1).
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