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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
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CM Property Management Ltd Company Information for the year ended 30 April 2024
Director
Columba Moore
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
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CM Property Management Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,608 
36,590 
Current assets
Debtors
148,607 
88,337 
Cash at bank and in hand
70,753 
103,086 
219,360 
191,423 
Creditors: amounts falling due within one year
(213,482)
(168,673)
Net current assets
5,878 
22,750 
Net assets
35,486 
59,340 
Capital and reserves
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
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CM Property Management Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 30 April 2024
1,821 
27,787 
29,608 
At 30 April 2023
2,737 
33,853 
36,590 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,134 
25 
Accrued income and prepayments
82,522 
31,916 
Other debtors
62,951 
56,396 
148,607 
88,337 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
468 
985 
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 
Accruals
47,280 
45,193 
213,482 
168,673 
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).
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