CNM ESTATES (EWELL ROAD) LIMITED

Company Registration Number:
10059078 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

CNM ESTATES (EWELL ROAD) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

CNM ESTATES (EWELL ROAD) LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 3,410,701 80,000
Total fixed assets: 3,410,701 80,000
Current assets
Stocks:   3,333,186
Total current assets:   3,333,186
Creditors: amounts falling due within one year:     (131,257)
Net current assets (liabilities):   3,201,929
Total assets less current liabilities: 3,410,701 3,281,929
Creditors: amounts falling due after more than one year: 4 (4,080,712) (3,951,957)
Total net assets (liabilities): (670,011) (670,028)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (670,111) (670,128)
Shareholders funds: (670,011) (670,028)

The notes form part of these financial statements

CNM ESTATES (EWELL ROAD) LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 February 2025
and signed on behalf of the board by:

Name: Wahid Samady
Status: Director

The notes form part of these financial statements

CNM ESTATES (EWELL ROAD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CNM ESTATES (EWELL ROAD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

CNM ESTATES (EWELL ROAD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 80,000
Additions 3,410,701
Disposals (80,000)
At 31 March 2023 3,410,701
Net book value
At 31 March 2023 3,410,701
At 31 March 2022 80,000

CNM ESTATES (EWELL ROAD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due after more than one year note

Amounts owed to the parent company - Serviced Apartment Real Estate Hold Co 1 Limited - £2,507,348 Amounts owed to the Director of the Company - £1,573,364

CNM ESTATES (EWELL ROAD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Loans to directors

As stated in the Creditors due after 12 months note, the Company has borrowed money from the Director.

CNM ESTATES (EWELL ROAD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Changes in presentation and prior period adjustments

The Company previously recorded its property asset under stock as it was a development property. On 22 April 2022, the Company moved the asset into Fixed Assets as the Company decided to change its ownership of the property into a long term investment asset.

CNM ESTATES (EWELL ROAD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Related party transactions

Name of the related party: Wahid Samady
Relationship:
Director and controlling shareholder
Description of the Transaction: As stated in the Creditors due over 12 months note, the Company has borrowed money from its Director.
£
Balance at 01 April 2022 1,573,364
Balance at 31 March 2023 1,573,364
Name of the related party: Serviced Apartment Real Estate Hold Co 1 Limited
Relationship:
Parent Company
Description of the Transaction: The Parent Company has lent money to the Company to allow it to repay external bank debt.
£
Balance at 01 April 2022 0
Balance at 31 March 2023 2,507,348