Company Registration No. 10013773 (England and Wales)
C&M Properties (Cheadle) Limited
Unaudited accounts
for the year ended 28 February 2025
C&M Properties (Cheadle) Limited
Unaudited accounts
Contents
C&M Properties (Cheadle) Limited
Company Information
for the year ended 28 February 2025
Director
Christopher Alexander John McConnell
Secretary
Christopher Alexander John McConnell
Company Number
10013773 (England and Wales)
Registered Office
1 Tumblewood Drive
Cheadle
Cheshire
SK8 1JZ
England
Accountants
SJM Accounting Services
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
C&M Properties (Cheadle) Limited
Statement of financial position
as at 28 February 2025
Investment property
510,800
649,400
Cash at bank and in hand
40,615
25,239
Creditors: amounts falling due within one year
(8,091)
(4,156)
Net current assets
34,807
22,803
Total assets less current liabilities
545,607
672,203
Creditors: amounts falling due after more than one year
(363,049)
(503,099)
Provisions for liabilities
Deferred tax
(31,640)
(37,352)
Net assets
150,918
131,752
Called up share capital
100
100
Profit and loss account
150,818
131,652
Shareholders' funds
150,918
131,752
For the year ending 28 February 2025 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 24 March 2025 and were signed on its behalf by
Christopher Alexander John McConnell
Director
Company Registration No. 10013773
C&M Properties (Cheadle) Limited
Notes to the Accounts
for the year ended 28 February 2025
C&M Properties (Cheadle) Limited is a private company, limited by shares, registered in England and Wales, registration number 10013773. The registered office is 1 Tumblewood Drive, Cheadle, Cheshire, SK8 1JZ, England.
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.
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.
The accounts are presented in £ sterling which is the functional currency of the company.
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
25% reducing balance
Investment property, being property held to earn rentals or for capital appreciation or both, is measured initially at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the income statement.
Deferred taxation is provided on the fair value gain at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
C&M Properties (Cheadle) Limited
Notes to the Accounts
for the year ended 28 February 2025
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.
4
Tangible fixed assets
Plant & machinery
Fair value at 1 March 2024
649,400
Net loss from fair value adjustments
(21,155)
At 28 February 2025
510,800
Investment property is shown at the most recent valuation by the director; this being cost/enhancements of £377,258 (2024: £494,303) and "fair value" gain of £133,542 (2024: gain £155,097).
The surplus arising from changes in fair value is recognised in the income statement. Deferred tax is provided on the gain at the rate expected to apply when the properties are sold.
Amounts falling due within one year
Accrued income and prepayments
2,283
1,720
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
7,086
3,328
C&M Properties (Cheadle) Limited
Notes to the Accounts
for the year ended 28 February 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
363,049
437,049
Aggregate of amounts that fall due for payment after five years
-
66,050
An interest only mortgage was secured on the property concerned and was fully repaid on 17 October 2024.
Allotted, called up and fully paid:
10 Ordinary 'A' shares of £1 each
10
10
90 Ordinary 'B' shares of £1 each
90
90
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).