Registered number
04237219
The CWM Partnership Limited
Filleted Accounts
31 January 2024
The CWM Partnership Limited
Registered number: 04237219
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 271,208 28,532
Current assets
Work in progress 63,900 70,173
Debtors 4 175,653 156,364
Cash at bank and in hand 446,695 541,366
686,248 767,903
Creditors: amounts falling due within one year 5 (232,381) (159,909)
Net current assets 453,867 607,994
Net assets 725,075 636,526
Capital and reserves
Called up share capital 100 100
Profit and loss account 724,975 636,426
Shareholders' funds 725,075 636,526
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C.D.M.White
Director
Approved by the board on 30 October 2024
The CWM Partnership Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 25% reducing balance basis
Motor vehicles 18% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 - 38,754 31,300 70,054
Additions 245,141 3,077 - 248,218
At 31 January 2024 245,141 41,831 31,300 318,272
Depreciation
At 1 February 2023 - 32,666 8,856 41,522
Charge for the year - 1,819 3,723 5,542
At 31 January 2024 - 34,485 12,579 47,064
Net book value
At 31 January 2024 245,141 7,346 18,721 271,208
At 31 January 2023 - 6,088 22,444 28,532
4 Debtors 2024 2023
£ £
Trade debtors 167,844 147,246
Other debtors 7,809 9,118
175,653 156,364
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10,917 7,792
Taxation and social security costs 122,379 107,010
Other creditors 99,085 45,107
232,381 159,909
6 Related party transactions
As at 31 January 2024 the director and company secretary were owed a total of £91,787 (2023: £34,559) in regard to their loan account balance. Interest was charged on the loan at the rate of Bank of England base rate plus 2.28% with the loan having been used to fund the purchase of the business premises. The loan was repayable on demand.

Dividends totalling £103,188 (2023: £61,100) were paid during the year.
7 Controlling party
The controlling party was C.D.M. White by virtue of his 51% shareholding in the company.
8 Other information
The CWM Partnership Limited is a private company limited by shares and incorporated in England. Its registered office is:
Eagle House
Cranleigh Close
South Croydon
Surrey
CR2 9LH
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