IRIS Accounts Production v24.3.0.553 12837010 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh128370102023-08-31128370102024-08-31128370102023-09-012024-08-31128370102022-08-31128370102022-09-012023-08-31128370102023-08-3112837010ns15:EnglandWales2023-09-012024-08-3112837010ns14:PoundSterling2023-09-012024-08-3112837010ns10:Director12023-09-012024-08-3112837010ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3112837010ns10:SmallEntities2023-09-012024-08-3112837010ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3112837010ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3112837010ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3112837010ns10:FullAccounts2023-09-012024-08-311283701012023-09-012024-08-3112837010ns10:Director22023-09-012024-08-3112837010ns10:RegisteredOffice2023-09-012024-08-3112837010ns5:CurrentFinancialInstruments2024-08-3112837010ns5:CurrentFinancialInstruments2023-08-3112837010ns5:Non-currentFinancialInstruments2024-08-3112837010ns5:Non-currentFinancialInstruments2023-08-3112837010ns5:ShareCapital2024-08-3112837010ns5:ShareCapital2023-08-3112837010ns5:RetainedEarningsAccumulatedLosses2024-08-3112837010ns5:RetainedEarningsAccumulatedLosses2023-08-3112837010ns5:NetGoodwill2023-09-012024-08-3112837010ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3112837010ns5:ComputerEquipment2023-09-012024-08-3112837010ns5:NetGoodwill2023-08-3112837010ns5:NetGoodwill2024-08-3112837010ns5:NetGoodwill2023-08-3112837010ns5:FurnitureFittings2023-08-3112837010ns5:ComputerEquipment2023-08-3112837010ns5:FurnitureFittings2023-09-012024-08-3112837010ns5:FurnitureFittings2024-08-3112837010ns5:ComputerEquipment2024-08-3112837010ns5:FurnitureFittings2023-08-3112837010ns5:ComputerEquipment2023-08-3112837010ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3112837010ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 12837010 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 August 2024

for

CP Estate Agents WGC Limited

CP Estate Agents WGC Limited (Registered number: 12837010)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CP Estate Agents WGC Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr C J Chalkley
Mrs S L Chalkley





REGISTERED OFFICE: The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR





REGISTERED NUMBER: 12837010 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

CP Estate Agents WGC Limited (Registered number: 12837010)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 219,866 285,866
Tangible assets 5 2,475 1,601
222,341 287,467

CURRENT ASSETS
Debtors 6 19,423 2,327
Cash at bank 15,749 6,788
35,172 9,115
CREDITORS
Amounts falling due within one year 7 182,455 205,526
NET CURRENT LIABILITIES (147,283 ) (196,411 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,058

91,056

CREDITORS
Amounts falling due after more than one year 8 (106,695 ) (128,998 )

PROVISIONS FOR LIABILITIES (470 ) (304 )
NET LIABILITIES (32,107 ) (38,246 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (32,207 ) (38,346 )
SHAREHOLDERS' FUNDS (32,107 ) (38,246 )

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

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

CP Estate Agents WGC Limited (Registered number: 12837010)

Balance Sheet - continued
31 August 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 1 May 2025 and were signed on its behalf by:





Mr C J Chalkley - Director


CP Estate Agents WGC Limited (Registered number: 12837010)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

CP Estate Agents WGC 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CP Estate Agents WGC Limited (Registered number: 12837010)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 461,866
AMORTISATION
At 1 September 2023 176,000
Amortisation for year 66,000
At 31 August 2024 242,000
NET BOOK VALUE
At 31 August 2024 219,866
At 31 August 2023 285,866

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 - 5,678 5,678
Additions 2,508 - 2,508
At 31 August 2024 2,508 5,678 8,186
DEPRECIATION
At 1 September 2023 - 4,077 4,077
Charge for year 502 1,132 1,634
At 31 August 2024 502 5,209 5,711
NET BOOK VALUE
At 31 August 2024 2,006 469 2,475
At 31 August 2023 - 1,601 1,601

CP Estate Agents WGC Limited (Registered number: 12837010)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 16,031 435
Other debtors 3,392 1,892
19,423 2,327

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 8,083 5,000
Trade creditors 15,875 23,262
Taxation and social security 41,348 24,123
Other creditors 117,149 153,141
182,455 205,526

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 11,000 2,083
Other creditors 95,695 126,915
106,695 128,998

9. GOING CONCERN

The directors confirm that in their opinion the company will continue as a going concern for a period in excess of twelve months from the approval of these financial statements.

The directors acknowledge that as at 31st August 2024 the company had net liabilities of £32,107 after making a trading profit in the year of £6,139. This renders the company insolvent.

The directors recognise that the company's ability to continue as a going concern is dependent on the continued financial support of its directors, who have confirmed their intention to provide such support for the foreseeable future

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C J Chalkley.