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REGISTERED NUMBER: 12529412 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Michael Cuddy Property Limited

Michael Cuddy Property Limited (Registered number: 12529412)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Michael Cuddy Property Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr J M Cuddy





REGISTERED OFFICE: 290 Church Street
Blackpool
Lancashire
FY1 3QA





REGISTERED NUMBER: 12529412 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

Michael Cuddy Property Limited (Registered number: 12529412)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 72,000 84,000
Tangible assets 5 1,209 1,613
73,209 85,613

CURRENT ASSETS
Debtors 6 14,203 23,614
Cash at bank 6,065 6,484
20,268 30,098
CREDITORS
Amounts falling due within one year 7 30,184 36,682
NET CURRENT LIABILITIES (9,916 ) (6,584 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,293

79,029

PROVISIONS FOR LIABILITIES 261 428
NET ASSETS 63,032 78,601

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,932 78,501
63,032 78,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Michael Cuddy Property Limited (Registered number: 12529412)

Balance Sheet - continued
31 March 2025


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 28 May 2025 and were signed by:





Mr J M Cuddy - Director


Michael Cuddy Property Limited (Registered number: 12529412)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Michael Cuddy Property 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 2021, 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.
Fixtures & equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Michael Cuddy Property Limited (Registered number: 12529412)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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 NIL (2024 - 2 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 120,000
AMORTISATION
At 1 April 2024 36,000
Amortisation for year 12,000
At 31 March 2025 48,000
NET BOOK VALUE
At 31 March 2025 72,000
At 31 March 2024 84,000

5. TANGIBLE FIXED ASSETS
Fixtures Computer
& equipment equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 3,051 583 3,634
DEPRECIATION
At 1 April 2024 1,684 337 2,021
Charge for year 342 62 404
At 31 March 2025 2,026 399 2,425
NET BOOK VALUE
At 31 March 2025 1,025 184 1,209
At 31 March 2024 1,367 246 1,613

Michael Cuddy Property Limited (Registered number: 12529412)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 4,000 3,970
Directors' loan accounts 7,915 17,364
Prepayments 2,288 2,280
14,203 23,614

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 2,187 2,744
Tax 19,923 25,829
Social security and other taxes 4,649 5,010
Accrued expenses 3,425 3,099
30,184 36,682

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
Mr J M Cuddy
Balance outstanding at start of year 17,364 -
Amounts advanced - 17,364
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17,364

The overdrawn Director's loan account was cleared in April 2024 by way of a dividend.