Registered number
12059206
CGM Property Consultants Limited
Filleted Accounts
30 September 2024
CGM Property Consultants Limited
Registered number: 12059206
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 389,959 389,959
Current assets
Debtors 4 111,845 151,871
Cash at bank and in hand 50,323 39,529
162,168 191,400
Creditors: amounts falling due within one year 5 (97,010) (200,442)
Net current assets/(liabilities) 65,158 (9,042)
Total assets less current liabilities 455,117 380,917
Creditors: amounts falling due after more than one year 6 - (1,835)
Net assets 455,117 379,082
Capital and reserves
Called up share capital 102 102
Profit and loss account 455,015 378,980
Shareholders' funds 455,117 379,082
The directors are 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 directors acknowledge their 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.
Mr G Bancroft
Director
Approved by the board on 22 November 2024
CGM Property Consultants Limited
Notes to the Accounts
for the year ended 30 September 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2023 389,959
At 30 September 2024 389,959
4 Debtors 2024 2023
£ £
Trade debtors - 40,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest 111,845 111,845
Other debtors - 26
111,845 151,871
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 31,642
Amounts owed to group undertakings and undertakings in which the company has a participating interest 86,573 163,287
Taxation and social security costs 8,319 3,433
Other creditors 2,118 2,080
97,010 200,442
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 1,835
7 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr C Birds
Directors Loan Account 546 - - 546
Mr M Richardson
Directors Loan Account 546 - - 546
Mr G Bancroft
Directors Loan Account 546 - - 546
1,638 - - 1,638
8 Controlling party
The company is controlled by the directors by virtue of their shareholdings
9 Other information
CGM Property Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is:
186 Horninglow Street
Anson Court
Burton on Trent
Staffordshire
DE14 1NG
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