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REGISTERED NUMBER: 11983623 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

C&D PROPERTY SOLUTIONS LIMITED

C&D PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 11983623)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


C&D PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 11983623)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Investment property 4 479,400 461,144

CURRENT ASSETS
Debtors 5 69,538 73,327
Cash at bank 1,414 81
70,952 73,408
CREDITORS
Amounts falling due within one year 6 (241,037 ) (232,528 )
NET CURRENT LIABILITIES (170,085 ) (159,120 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,315

302,024

CREDITORS
Amounts falling due after more than one
year

7

(335,615

)

(335,615

)

PROVISIONS FOR LIABILITIES (9,652 ) (6,183 )
NET LIABILITIES (35,952 ) (39,774 )

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 41,146 26,359
Retained earnings (77,198 ) (66,233 )
(35,952 ) (39,774 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

C&D PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 11983623)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





C Robertson - Director


C&D PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 11983623)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

C&D Property Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11983623

Registered office: c/o DPC
Stone House, Stone Road Business Park
Stone Road
Stoke on Trent
Staffordshire
ST4 6SR

The principal activity of the company is that of an investment property company.

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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investment properties

The open market value of the investment property has been determined by the directors, based on their experience of the market and the selling price of similar properties.

GOING CONCERN
The accounts have been prepared on the going concern basis. The directors believe this to be appropriate as they have expressed their willingness to support the business financially for the forseable future.

REVENUE RECOGNITION
The company is a property investment company. Rental income is recognised in the relevant rental period.

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.

C&D PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 11983623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


C&D PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 11983623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 June 2023 461,144
Revaluations 18,256
At 31 May 2024 479,400
NET BOOK VALUE
At 31 May 2024 479,400
At 31 May 2023 461,144

The directors consider the properties to be held at it's fair value as at 31 May 2023.

Cost or valuation at 31 May 2024 is represented by:
£   
Valuation in 2021 20,547
Valuation in 2022 11,994
Valuation in 2024 18,256
Cost 428,603
479,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings 54,806 61,167
Deferred tax asset 14,732 12,160
69,538 73,327

Amounts due from group companies are interest free, unsecured and repayable on demand.

C&D PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 11983623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 104,500 104,500
Directors' loan accounts 115,072 111,312
Accruals and deferred income 21,465 16,716
241,037 232,528

The bank loans are secured by fixed charges over the investment properties.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans more 5 years non-
instalments 335,615 335,615
335,615 335,615

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 years non-
instalments 335,615 335,615
335,615 335,615

The bank loans are secured by fixed charges over the investment properties.

8. EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant events up to the date of approval of the financial statements by the Board.

9. GOING CONCERN

The accounts have been prepared on the going concern basis. The directors believe this to be appropriate as they have expressed their willingness to support the business financially for the forseable future.

10. PARENT COMPANY

The company is a wholly owned subsidiary of CDR Property Group Limited, a company incorporated in England and Wales.