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REGISTERED NUMBER: 05211337 (England and Wales)















CPS PROPERTY MANAGEMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






CPS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05211337)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CPS PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mr. B I James





REGISTERED OFFICE: 34 Woodville Road
Cathays
Cardiff
CF24 4EA





REGISTERED NUMBER: 05211337 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

CPS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05211337)

STATEMENT OF FINANCIAL POSITION
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,496 62,492
Tangible assets 5 45,901 49,364
73,397 111,856

CURRENT ASSETS
Debtors 6 20,528,667 19,410,473
Cash at bank and in hand 2,320,207 559,331
22,848,874 19,969,804
CREDITORS
Amounts falling due within one year 7 8,033,910 6,601,944
NET CURRENT ASSETS 14,814,964 13,367,860
TOTAL ASSETS LESS CURRENT LIABILITIES 14,888,361 13,479,716

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 14,888,359 13,479,714
SHAREHOLDERS' FUNDS 14,888,361 13,479,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th January 2025 and were signed by:





Mr. B I James - Director


CPS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05211337)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

CPS Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is amortised on a straight line basis over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Lease premium - over the lease term of 15 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 45 ) .

CPS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05211337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1st May 2023
and 30th April 2024 300,000 164,977 464,977
AMORTISATION
At 1st May 2023 277,500 124,985 402,485
Amortisation for year 15,000 19,996 34,996
At 30th April 2024 292,500 144,981 437,481
NET BOOK VALUE
At 30th April 2024 7,500 19,996 27,496
At 30th April 2023 22,500 39,992 62,492

5. TANGIBLE FIXED ASSETS
Fixtures
Lease and Motor
premium fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1st May 2023 10,000 28,713 97,162 160,406 296,281
Additions - - 14,881 - 14,881
Disposals - - (20,057 ) - (20,057 )
At 30th April 2024 10,000 28,713 91,986 160,406 291,105
DEPRECIATION
At 1st May 2023 8,000 27,070 87,589 124,258 246,917
Charge for year 667 411 5,408 9,037 15,523
Eliminated on disposal - - (17,236 ) - (17,236 )
At 30th April 2024 8,667 27,481 75,761 133,295 245,204
NET BOOK VALUE
At 30th April 2024 1,333 1,232 16,225 27,111 45,901
At 30th April 2023 2,000 1,643 9,573 36,148 49,364

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20,528,667 19,410,473

CPS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05211337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 853
Taxation and social security 662,778 1,238,679
Other creditors 7,371,132 5,362,412
8,033,910 6,601,944

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

As at the year end CPS Property Management Limited was owed £1,213,532 (2023 - £536,342) by companies in which the directors have a controlling interest.

As at the year end CPS Property Management Limited owed £6,819,581 (2023 - £4,779,000) to companies in which the directors have a controlling interest.