IRIS Accounts Production v25.1.0.734 05098008 director 30.4.23 29.4.24 29.4.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050980082023-04-29050980082024-04-29050980082023-04-302024-04-29050980082022-04-29050980082022-04-302023-04-29050980082023-04-2905098008ns15:EnglandWales2023-04-302024-04-2905098008ns14:PoundSterling2023-04-302024-04-2905098008ns10:Director12023-04-302024-04-2905098008ns10:PrivateLimitedCompanyLtd2023-04-302024-04-2905098008ns10:SmallEntities2023-04-302024-04-2905098008ns10:AuditExempt-NoAccountantsReport2023-04-302024-04-2905098008ns10:SmallCompaniesRegimeForDirectorsReport2023-04-302024-04-2905098008ns10:SmallCompaniesRegimeForAccounts2023-04-302024-04-2905098008ns10:FullAccounts2023-04-302024-04-2905098008ns10:CompanySecretary12023-04-302024-04-2905098008ns10:RegisteredOffice2023-04-302024-04-2905098008ns5:CurrentFinancialInstruments2024-04-2905098008ns5:CurrentFinancialInstruments2023-04-2905098008ns5:ShareCapital2024-04-2905098008ns5:ShareCapital2023-04-2905098008ns5:SharePremium2024-04-2905098008ns5:SharePremium2023-04-2905098008ns5:RetainedEarningsAccumulatedLosses2024-04-2905098008ns5:RetainedEarningsAccumulatedLosses2023-04-2905098008ns5:CostValuation2023-04-2905098008ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-2905098008ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-29
REGISTERED NUMBER: 05098008 (England and Wales)















Financial Statements for the Year Ended 29 April 2024

for

CM Financial Group Limited

CM Financial Group Limited (Registered number: 05098008)






Contents of the Financial Statements
for the Year Ended 29 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CM Financial Group Limited

Company Information
for the Year Ended 29 April 2024







DIRECTOR: P D Harrison





SECRETARY: Mrs S Murphy





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 05098008 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

CM Financial Group Limited (Registered number: 05098008)

Balance Sheet
29 April 2024

29.4.24 29.4.23
Notes £    £    £   
FIXED ASSETS
Investments 4 2,437,900 2,437,900

CURRENT ASSETS
Debtors 5 1,977,541 1,963,399
Cash at bank 2,173 9,260
1,979,714 1,972,659
CREDITORS
Amounts falling due within one year 6 456,111 445,036
NET CURRENT ASSETS 1,523,603 1,527,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,961,503

3,965,523

CAPITAL AND RESERVES
Called up share capital 1,106 1,106
Share premium 1,651,530 1,651,530
Retained earnings 2,308,867 2,312,887
SHAREHOLDERS' FUNDS 3,961,503 3,965,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 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.

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 director and authorised for issue on 14 April 2025 and were signed by:





P D Harrison - Director


CM Financial Group Limited (Registered number: 05098008)

Notes to the Financial Statements
for the Year Ended 29 April 2024

1. STATUTORY INFORMATION

CM Financial Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 accounts have been prepared on a going concern basis, on the understanding that the company has this year made a profit and the director will continue to financially support the company during any uncertain period.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investments in Associates
The investment in associates are accounted for using the fair value model with changes in fair value recognised in other comprehensive income.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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 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.

CM Financial Group Limited (Registered number: 05098008)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 April 2023
and 29 April 2024 2,437,900
NET BOOK VALUE
At 29 April 2024 2,437,900
At 29 April 2023 2,437,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Amounts owed by participating interests 1,971,160 1,956,405
Other debtors 6,381 6,994
1,977,541 1,963,399

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Bank loans and overdrafts 33,796 39,352
Trade creditors - 407
Amounts owed to group undertakings 28,275 28,275
Amounts owed to participating interests 163,620 175,924
Taxation and social security 5,540 5,146
Other creditors 224,880 195,932
456,111 445,036