Company Registration No. 8974855 (England and Wales)
C & M Wealth International Ltd
Unaudited accounts
for the year ended 31 December 2024
C & M Wealth International Ltd
Unaudited accounts
Contents
C & M Wealth International Ltd
Company Information
for the year ended 31 December 2024
Company Number
8974855 (England and Wales)
Registered Office
1 King William Street
London
EC4N 7AF
Accountants
Vincent Lim
70 Dowdeswell Close
London
SW15 5RL
C & M Wealth International Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
3,746
2,792
Debtors
27,795,480
20,963,450
Cash at bank and in hand
3,117,071
1,529,298
Creditors: amounts falling due within one year
(16,290,390)
(17,785,671)
Net current assets
14,622,161
4,707,077
Total assets less current liabilities
14,625,908
4,709,870
Creditors: amounts falling due after more than one year
(13,847,978)
(3,950,000)
Net assets
777,930
759,870
Called up share capital
3
3
Profit and loss account
777,927
759,867
Shareholders' funds
777,930
759,870
For the year ending 31 December 2024 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 11 June 2025 and were signed on its behalf by
Changfei Li
Director
Company Registration No. 8974855
C & M Wealth International Ltd
Notes to the Accounts
for the year ended 31 December 2024
C & M Wealth International Ltd is a private company, limited by shares, registered in England and Wales, registration number 8974855. The registered office is 1 King William Street, London, EC4N 7AF.
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.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Computer equipment
At 31 December 2024
10,218
5
Investments
Subsidiary undertakings
Valuation at 1 January 2024
1
Valuation at 31 December 2024
1
C & M Wealth International Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
9,434,438
12,183,684
Amounts due from group undertakings etc.
11,498,591
8,747,035
Accrued income and prepayments
396
18,704
Other debtors
6,862,055
14,027
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
133,368
Trade creditors
16,072,524
17,469,503
Taxes and social security
95,678
81,283
Other creditors
118,818
97,892
8
Creditors: amounts falling due after more than one year
2024
2023
Trade creditors
13,847,978
3,950,000
9
Transactions with related parties
During the year, C & M Wealth International Ltd earned interest income of £260,154.73 (2023: £0) from its wholly owned subsidiary, C&M Wealth SPV1 Ltd (Company number 13929971). Mr Changfei Li is a director of both C&M Wealth International Ltd and C&M Wealth SPV1 Ltd. The interest income arose from financial arrangements between the two companies in the normal course of business. The terms of the transactions were made on an arm’s length basis.
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).