Company Registration No. 12965222 (England and Wales)
CM PROPERTY RENTALS LTD
Unaudited accounts
for the year ended 31 August 2024
CM PROPERTY RENTALS LTD
Unaudited accounts
Contents
CM PROPERTY RENTALS LTD
Company Information
for the year ended 31 August 2024
Directors
Carol Maskew
Cameron Maskew
Company Number
12965222 (England and Wales)
Registered Office
4 HEYES LANE
APPLETON
WARRINGTON
WA4 3DA
ENGLAND
Accountants
SM Norman Accountancy Ltd
33 Havisham Close
Birchwood
Warrington
Cheshire
WA3 7NB
CM PROPERTY RENTALS LTD
Statement of financial position
as at 31 August 2024
Investment property
130,000
125,000
Cash at bank and in hand
9,144
10,896
Creditors: amounts falling due within one year
(521)
(1,685)
Net current assets
8,623
9,211
Total assets less current liabilities
138,623
134,211
Creditors: amounts falling due after more than one year
(113,882)
(113,882)
Provisions for liabilities
Deferred tax
(3,135)
(2,185)
Called up share capital
100
100
Fair value reserve
13,368
9,318
Profit and loss account
8,138
8,726
Shareholders' funds
21,606
18,144
For the year ending 31 August 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by
Carol Maskew
Director
Company Registration No. 12965222
CM PROPERTY RENTALS LTD
Notes to the Accounts
for the year ended 31 August 2024
CM PROPERTY RENTALS LTD is a private company, limited by shares, registered in England and Wales, registration number 12965222. The registered office is 4 HEYES LANE, APPLETON, WARRINGTON, WA4 3DA, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Deferred taxation
2024
2023
Revaluation of investment property
3,135
2,185
Provision at start of year
2,185
-
Charged to the profit and loss account
950
2,185
Provision at end of year
3,135
2,185
5
Transactions with related parties
The company has received loans amounting to £46,900 from members of key management personnel. The loans are repayable with a 53 week minimum notice period and the rate of interest charged is 0%. At the balance sheet date, the loans were still outstanding and are presented within creditors: amounts falling due after one year.
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).