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REGISTERED NUMBER: 05030601 (England and Wales)

















CGM INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CGM INVESTMENTS LIMITED (REGISTERED NUMBER: 05030601)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


CGM INVESTMENTS LIMITED (REGISTERED NUMBER: 05030601)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,952,435 1,953,246

CURRENT ASSETS
Debtors 5 11,810 29,394
Cash at bank 18,732 16,848
30,542 46,242
CREDITORS
Amounts falling due within one year 6 372,717 362,289
NET CURRENT LIABILITIES (342,175 ) (316,047 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,610,260

1,637,199

CREDITORS
Amounts falling due after more than one
year

7

(240,195

)

(284,712

)

PROVISIONS FOR LIABILITIES (118,690 ) (118,690 )
NET ASSETS 1,251,375 1,233,797

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 827,379 827,379
Retained earnings 423,896 406,318
SHAREHOLDERS' FUNDS 1,251,375 1,233,797

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 director acknowledges his 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.

CGM INVESTMENTS LIMITED (REGISTERED NUMBER: 05030601)

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 director and authorised for issue on 28 March 2025 and were signed by:





S Mehta - Director


CGM INVESTMENTS LIMITED (REGISTERED NUMBER: 05030601)

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

1. STATUTORY INFORMATION

CGM Investments 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: 05030601

Registered office: 237 Regents Park Road
Finchley
London
N3 3LF

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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are again prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover represents rents and service charges due and receivable from tenants.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 25% reducing balance.
Computer equipment - 25% reducing balance.

The investment property is recognised at fair value. Fair value changes to the investment property are recognised in the income statement and then transferred to the non-distributable revaluation reserve.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


CGM INVESTMENTS LIMITED (REGISTERED NUMBER: 05030601)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 1,950,000 19,128 1,969,128
DEPRECIATION
At 1 July 2023 - 15,882 15,882
Charge for year - 811 811
At 30 June 2024 - 16,693 16,693
NET BOOK VALUE
At 30 June 2024 1,950,000 2,435 1,952,435
At 30 June 2023 1,950,000 3,246 1,953,246

The freehold investment property was acquired in April 2004, and for VAT purposes, the company subsequently opted to tax. The property is subject to a long term commercial mortgage in favour of Natwest Bank PLC.

The property has been re-valued by the director, based on existing use and yields, at £1,950,000 at the balance sheet date, giving rise to a revaluation reserve, against which a deferred taxation provision has been made.

CGM INVESTMENTS LIMITED (REGISTERED NUMBER: 05030601)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2005 110,569 - 110,569
Valuation in 2006 400,000 - 400,000
Valuation in 2013 300,000 - 300,000
Valuation in 2017 150,000 - 150,000
Cost 989,431 19,128 1,008,559
1,950,000 19,128 1,969,128

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,810 29,394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 48,520 52,449
Trade creditors 28,323 16,890
Taxation and social security 19,375 23,135
Other creditors 276,499 269,815
372,717 362,289

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 240,195 284,712

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loans 261,130 305,313

The bank loan is secured by a charge over the property and other assets of the company.

CGM INVESTMENTS LIMITED (REGISTERED NUMBER: 05030601)

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

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 827,379

10. RELATED PARTY DISCLOSURES

The company is under the control of its director, Mr. S Mehta, who has a beneficial interest in a majority of the shares in issue.

At the balance sheet date, the company was indebted to Mr Mehta in the amount of £180,379 (2023: £167,552) in respect of working capital funding provided.