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REGISTERED NUMBER: 03010942 (England and Wales)









Financial Statements

for the Year Ended 31 March 2024

for

Corporate Solutions Consulting
Limited

Corporate Solutions Consulting
Limited (Registered number: 03010942)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Corporate Solutions Consulting
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K Adhami
E Adhami





SECRETARY: K Adhami





REGISTERED OFFICE: Unit 2 Artisan Place
23 Ladysmith Road
Harrow
Middlesex
HA3 5FE





REGISTERED NUMBER: 03010942 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Corporate Solutions Consulting
Limited (Registered number: 03010942)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,198 27,463
Investments 5 104,123 87,905
Investment property 6 607,070 623,458
729,391 738,826

CURRENT ASSETS
Debtors 7 1,961,353 2,017,092
Cash at bank 1,285,753 1,353,092
3,247,106 3,370,184
CREDITORS
Amounts falling due within one year 8 (147,461 ) (307,554 )
NET CURRENT ASSETS 3,099,645 3,062,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,829,036

3,801,456

CREDITORS
Amounts falling due after more than one
year

9

(67,800

)

(98,992

)
NET ASSETS 3,761,236 3,702,464

CAPITAL AND RESERVES
Called up share capital 160 160
Retained earnings 3,761,076 3,702,304
SHAREHOLDERS' FUNDS 3,761,236 3,702,464

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 directors acknowledge their 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.

Corporate Solutions Consulting
Limited (Registered number: 03010942)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





K Adhami - Director


Corporate Solutions Consulting
Limited (Registered number: 03010942)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Corporate Solutions Consulting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention, modified to include investments at fair value.

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

Income is recognised when the service has been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25%-33% straight line basis

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Leases
Rentals payable under operating leases, including any lease incentives received, are charged to the profit and loss account on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Fixed asset investments
Interests in listed investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Transaction costs are expensed to the profit and loss account as incurred. Changes in fair value are recognised in the profit and loss account.

Corporate Solutions Consulting
Limited (Registered number: 03010942)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 355,636
Additions 2,337
Disposals (292,336 )
At 31 March 2024 65,637
DEPRECIATION
At 1 April 2023 328,173
Charge for year 8,168
Eliminated on disposal (288,902 )
At 31 March 2024 47,439
NET BOOK VALUE
At 31 March 2024 18,198
At 31 March 2023 27,463

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 87,905
Revaluations 16,218
At 31 March 2024 104,123
NET BOOK VALUE
At 31 March 2024 104,123
At 31 March 2023 87,905

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 7,905
Valuation in 2024 16,218
Cost 80,000
104,123

Fixed asset investments were valued on an open market basis on 31 March 2024 by the directors .

Corporate Solutions Consulting
Limited (Registered number: 03010942)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 623,458
Revaluations (16,388 )
At 31 March 2024 607,070
NET BOOK VALUE
At 31 March 2024 607,070
At 31 March 2023 623,458

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 50,506
Valuation in 2019 65,707
Valuation in 2020 (32,253 )
Valuation in 2021 (24,121 )
Valuation in 2022 (5,288 )
Valuation in 2023 25,129
Valuation in 2024 (16,388 )
Cost 543,778
607,070

Investment property was valued on an open market basis basis on 31 March 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,348 47,888
Other debtors 1,910,005 1,969,204
1,961,353 2,017,092

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,881 23,151
Trade creditors 35,811 100,361
Taxation and social security 60,489 139,881
Other creditors 28,280 44,161
147,461 307,554

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 67,800 98,992

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,389

Corporate Solutions Consulting
Limited (Registered number: 03010942)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 28,500
Between one and five years - 86,905
- 115,405

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors at the year end is an amount of £nil (2023: £70,280) due from the director, K Adhami. Interest of £2,981 (2023: £1,923) was charged on the overdrawn balance at a rate of between 2.00% - 2.25%.

The following advances have taken place during the year and are deemed material;

April 2023£30,000
May 2023£75,000
February 2024£20,241

There have been no other advances which individually were considered material and no other advances exceeding £10,000 to the director, K Adhami.

12. RELATED PARTY DISCLOSURES

Included within other debtors at the year end is an amount of £1,803,679 (2023: £1,803,410) due from DKNR Ltd, a company in which the directors have an interest.

Included within other debtors at the year end is an amount of £61,648 (2023: £61,722) due from Corporate Solutions Pension Scheme. E Adhami and K Adhami are both beneficiaries of the scheme.

Included in other creditors at the year end is an amount of £18,758 (2023: £24,211) due to the director, E Adhami. This amount has been provided unsecured, interest free and is repayable on demand.