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REGISTERED NUMBER: 08559682 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

CP ASSOCIATES (LONDON) LIMITED

CP ASSOCIATES (LONDON) LIMITED (REGISTERED NUMBER: 08559682)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CP ASSOCIATES (LONDON) LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: C Potts
Mrs C Boyaval Potts
L A Potts





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: 08559682 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

CP ASSOCIATES (LONDON) LIMITED (REGISTERED NUMBER: 08559682)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,149 12,223
Investments 5 1,598,705 1,362,167
Investment property 6 649,346 649,346
2,256,200 2,023,736

CURRENT ASSETS
Debtors 7 2,782,152 2,042,644
Cash at bank 805,299 1,628,993
3,587,451 3,671,637
CREDITORS
Amounts falling due within one year 8 209,328 11,414
NET CURRENT ASSETS 3,378,123 3,660,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,634,323

5,683,959

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 5,634,322 5,683,958
SHAREHOLDERS' FUNDS 5,634,323 5,683,959

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 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 ASSOCIATES (LONDON) LIMITED (REGISTERED NUMBER: 08559682)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





C Potts - Director


CP ASSOCIATES (LONDON) LIMITED (REGISTERED NUMBER: 08559682)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

CP Associates (London) 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.

Going concern
After reviewing the company's forecasts and projections, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents net invoiced services, excluding value added tax.

Rendering of services

Revenue for providing services are recognised in advance of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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.


CP ASSOCIATES (LONDON) LIMITED (REGISTERED NUMBER: 08559682)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 37,252
DEPRECIATION
At 1 July 2023 25,029
Charge for year 4,074
At 30 June 2024 29,103
NET BOOK VALUE
At 30 June 2024 8,149
At 30 June 2023 12,223

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.6.24 30.6.23
£    £   
Other investments 1,598,705 1,362,167

CP ASSOCIATES (LONDON) LIMITED (REGISTERED NUMBER: 08559682)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 649,346
NET BOOK VALUE
At 30 June 2024 649,346
At 30 June 2023 649,346

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 4,648 6,728
Other debtors 2,777,504 2,035,916
2,782,152 2,042,644

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 5,881 5,579
Taxation and social security 198,949 8
Other creditors 4,498 5,827
209,328 11,414

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
C Potts
Balance outstanding at start of year - -
Amounts advanced 630,211 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 630,211 -

CP ASSOCIATES (LONDON) LIMITED (REGISTERED NUMBER: 08559682)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

T Stock
Balance outstanding at start of year - 35,600
Amounts repaid - (35,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. RELATED PARTY DISCLOSURES

At the year end the company is owed £1,856,842 (2023 - £1,936,605) by C P Associates Dinard S.A .R.L. The director has an interest in this entity.