Company Registration No. NI052152 (Northern Ireland)
CM Property Management Ltd
Unaudited accounts
for the year ended 30 April 2024
CM Property Management Ltd
Unaudited accounts
Contents
CM Property Management Ltd
Company Information
for the year ended 30 April 2024
Company Number
NI052152 (Northern Ireland)
Registered Office
24 Papworth Avenue
Derry
BT48 8PT
Northern Ireland
Accountants
Satori Accounting
11 Orchard Business Park
Pennyburn Industrial Estate
Derry
Northern Ireland
BT48 0LU
CM Property Management Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
29,608
36,590
Cash at bank and in hand
70,753
103,086
Creditors: amounts falling due within one year
(213,482)
(168,673)
Net current assets
5,878
22,750
Called up share capital
1
1
Profit and loss account
35,485
59,339
Shareholders' funds
35,486
59,340
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 January 2025 and were signed on its behalf by
Columba Moore
Director
Company Registration No. NI052152
CM Property Management Ltd
Notes to the Accounts
for the year ended 30 April 2024
CM Property Management Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI052152. The registered office is 24 Papworth Avenue, Derry, BT48 8PT, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
15% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Turnover consists of commission and management fees earned on residential properties managed by the company on behalf of landlords.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
CM Property Management Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
11,965
43,659
55,624
At 30 April 2024
11,965
43,659
55,624
At 1 May 2023
9,228
9,806
19,034
Charge for the year
916
6,066
6,982
At 30 April 2024
10,144
15,872
26,016
At 30 April 2024
1,821
27,787
29,608
At 30 April 2023
2,737
33,853
36,590
Amounts falling due within one year
Accrued income and prepayments
82,522
31,916
Other debtors
62,951
56,396
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
96,932
53,695
Taxes and social security
5,570
5,875
Other creditors
54,441
37,563
Loans from directors
8,791
25,362
7
Transactions with related parties
Mr C Moore was the director and shareholder during the current and previous year. During the year ended 30 April 2024, the director introduced net funds of £3,430 and withdrew £10,000.
The amount owed to the director at the year end date was £8,792. This is disclosed at note 6.
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).