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REGISTERED NUMBER: 07644299 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CIO ASSET MANAGEMENT LIMITED

CIO ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 07644299)

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


CIO ASSET MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A M Blockley





SECRETARY: N L Bromley





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 07644299 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

CIO ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 07644299)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 240 320

CURRENT ASSETS
Debtors 5 53,801 58,063
Cash at bank 387 1,008
54,188 59,071
CREDITORS
Amounts falling due within one year 6 (43,279 ) (49,483 )
NET CURRENT ASSETS 10,909 9,588
TOTAL ASSETS LESS CURRENT LIABILITIES 11,149 9,908

CREDITORS
Amounts falling due after more than one year 7 (98,650 ) (98,650 )
NET LIABILITIES (87,501 ) (88,742 )

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Share premium 61,280 61,280
Retained earnings (149,781 ) (151,022 )
SHAREHOLDERS' FUNDS (87,501 ) (88,742 )

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 his 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.

CIO ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 07644299)

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 2 December 2024 and were signed by:





A M Blockley - Director


CIO ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 07644299)

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


1. STATUTORY INFORMATION

CIO Asset Management 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.

The director reports net liabilities of £87,501 (2023: £88,742) as at the balance sheet date. The shareholders have confirmed that they will not seek repayment of their loans until such time as the company is in a position to do so. In addition, the shareholders have indicated that they will continue to support the company in the future should additional funding be required.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 25% on reducing balance

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 ) .

CIO ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 07644299)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 12,280 6,371 18,651
DEPRECIATION
At 1 April 2023 12,280 6,051 18,331
Charge for year - 80 80
At 31 March 2024 12,280 6,131 18,411
NET BOOK VALUE
At 31 March 2024 - 240 240
At 31 March 2023 - 320 320

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 978 1,140
Other debtors 52,823 56,923
53,801 58,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 7,454 14,283
Taxation and social security 3,874 3,249
Other creditors 31,951 31,951
43,279 49,483

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 98,650 98,650

CIO ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 07644299)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
850 Ordinary £1 850 850
150 Ordinary-A £1 150 150
1,000 1,000