IRIS Accounts Production v24.3.2.46 02553950 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025539502023-06-30025539502024-06-30025539502023-07-012024-06-30025539502022-06-30025539502022-07-012023-06-30025539502023-06-3002553950ns15:EnglandWales2023-07-012024-06-3002553950ns14:PoundSterling2023-07-012024-06-3002553950ns10:Director12023-07-012024-06-3002553950ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002553950ns10:SmallEntities2023-07-012024-06-3002553950ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002553950ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002553950ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002553950ns10:FullAccounts2023-07-012024-06-3002553950ns10:OrdinaryShareClass12023-07-012024-06-3002553950ns10:Director22023-07-012024-06-3002553950ns10:CompanySecretary12023-07-012024-06-3002553950ns10:RegisteredOffice2023-07-012024-06-3002553950ns5:CurrentFinancialInstruments2024-06-3002553950ns5:CurrentFinancialInstruments2023-06-3002553950ns5:ShareCapital2024-06-3002553950ns5:ShareCapital2023-06-3002553950ns5:RevaluationReserve2024-06-3002553950ns5:RevaluationReserve2023-06-3002553950ns5:RetainedEarningsAccumulatedLosses2024-06-3002553950ns5:RetainedEarningsAccumulatedLosses2023-06-3002553950ns5:FurnitureFittings2023-07-012024-06-3002553950ns5:FurnitureFittings2023-06-3002553950ns5:FurnitureFittings2024-06-3002553950ns5:FurnitureFittings2023-06-3002553950ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002553950ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3002553950ns10:OrdinaryShareClass12024-06-3002553950ns5:RevaluationReserve2023-06-30
REGISTERED NUMBER: 02553950 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

C T S (PROPERTIES) LIMITED

C T S (PROPERTIES) LIMITED (REGISTERED NUMBER: 02553950)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C T S (PROPERTIES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs E A Fletcher
Miss Z E Fletcher





SECRETARY: Mrs E A Fletcher





REGISTERED OFFICE: Oakdene
6 Chillingham
Dosthill
Tamworth
Staffordshire
B77 1JH





REGISTERED NUMBER: 02553950 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

C T S (PROPERTIES) LIMITED (REGISTERED NUMBER: 02553950)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,233 1,349
Investment property 6 300,000 330,000
301,233 331,349

CURRENT ASSETS
Debtors 7 7,673 8,836
Cash at bank 28,306 23,515
35,979 32,351
CREDITORS
Amounts falling due within one year 8 184,447 183,123
NET CURRENT LIABILITIES (148,468 ) (150,772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,765

180,577

PROVISIONS FOR LIABILITIES 250 1,375
NET ASSETS 152,515 179,202

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 7,500 37,500
Retained earnings 144,915 141,602
SHAREHOLDERS' FUNDS 152,515 179,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 T S (PROPERTIES) LIMITED (REGISTERED NUMBER: 02553950)

BALANCE SHEET - continued
30 JUNE 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





Mrs E A Fletcher - Director


C T S (PROPERTIES) LIMITED (REGISTERED NUMBER: 02553950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

C T S (Properties) 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents net invoiced rents receivable, excluding value added tax, for the accounting period. Rents invoiced in advance are recorded as deferred income and are included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost and 15% on cost

Investment property
Investment property is included at market fair value. Changes in fair value are recognised in the profit and loss account. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

4. EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

C T S (PROPERTIES) LIMITED (REGISTERED NUMBER: 02553950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 10,412
Additions 368
At 30 June 2024 10,780
DEPRECIATION
At 1 July 2023 9,063
Charge for year 484
At 30 June 2024 9,547
NET BOOK VALUE
At 30 June 2024 1,233
At 30 June 2023 1,349

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 330,000
Changes to fair value (30,000 )
At 30 June 2024 300,000
NET BOOK VALUE
At 30 June 2024 300,000
At 30 June 2023 330,000


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,619 3,383
Other debtors 4,054 5,453
7,673 8,836

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,926 1,917
Taxation and social security 4,406 3,620
Other creditors 178,115 177,586
184,447 183,123

C T S (PROPERTIES) LIMITED (REGISTERED NUMBER: 02553950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1 July 2023 37,500
Transfer between reserves (30,000 )

At 30 June 2024 7,500

Retained earnings include non-distributable reserves of £98,925 (2023 - £128,925).

11. RELATED PARTY DISCLOSURES

Included in other creditors is £65,296 (2023 - £64,880) due to a director.