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REGISTERED NUMBER: 08563473 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CMAS PROPERTIES LIMITED

CMAS PROPERTIES LIMITED (REGISTERED NUMBER: 08563473)






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


CMAS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs C Auckland-Shone





REGISTERED OFFICE: Straw Hill Cottage
Mill Lane
Ingbirchworth
Sheffield
S36 7GG





REGISTERED NUMBER: 08563473 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

CMAS PROPERTIES LIMITED (REGISTERED NUMBER: 08563473)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,338 8,030
Investment property 5 464,734 414,553
471,072 422,583

CURRENT ASSETS
Debtors 6 518 486
Cash at bank 30,705 67,979
31,223 68,465
CREDITORS
Amounts falling due within one year 7 427,340 423,455
NET CURRENT LIABILITIES (396,117 ) (354,990 )
TOTAL ASSETS LESS CURRENT LIABILITIES 74,955 67,593

CREDITORS
Amounts falling due after more than
one year

8

13,436

23,436
NET ASSETS 61,519 44,157

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 61,419 44,057
SHAREHOLDERS' FUNDS 61,519 44,157

CMAS PROPERTIES LIMITED (REGISTERED NUMBER: 08563473)

BALANCE SHEET - continued
31 MARCH 2024


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.

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 for issue by the director and authorised for issue on 17 September 2024 and were signed by:





Mrs C Auckland-Shone - Director


CMAS PROPERTIES LIMITED (REGISTERED NUMBER: 08563473)

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

1. STATUTORY INFORMATION

CMAS Properties 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover from the renting out of company properties is recognised when monies are received from tenants, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on receipt of rents from tenants.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 15% reducing balance

Investment property
Investment property is initially recognised in the financial statements at historic cost. In subsequent years, investment property is measured at fair value at each reporting date, with changes in fair value recognised in profit and loss.

CMAS PROPERTIES LIMITED (REGISTERED NUMBER: 08563473)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 April 2023
and 31 March 2024 11,279
DEPRECIATION
At 1 April 2023 3,249
Charge for year 1,692
At 31 March 2024 4,941
NET BOOK VALUE
At 31 March 2024 6,338
At 31 March 2023 8,030

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023 414,553
Additions 50,181
At 31 March 2024 464,734
NET BOOK VALUE
At 31 March 2024 464,734
At 31 March 2023 414,553

CMAS PROPERTIES LIMITED (REGISTERED NUMBER: 08563473)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Prepayments and accrued income 518 486

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 10,000 10,000
Other loans 400,000 400,000
Corporation tax 4,469 614
Directors' current accounts 11,997 11,997
Accruals and deferred income 874 844
427,340 423,455

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 3,436 13,436
13,436 23,436

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£ £
Other loans 400,000 400,000

The loan to the company is secured by way of a charge on the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £ £
100 Ordinary £1 100 100

CMAS PROPERTIES LIMITED (REGISTERED NUMBER: 08563473)

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

11. RELATED PARTY DISCLOSURES

The company has an interest free, secured loan of £400,000 (2023 - £400,000) from Auckland Opticians Limited. Mrs C M Auckland-Shone is a director/shareholder of that company.