Company Registration No. 8808538 (England and Wales)
C & M Wealth Global Limited
Unaudited accounts
for the year ended 30 September 2024
C & M Wealth Global Limited
Unaudited accounts
Contents
C & M Wealth Global Limited
Statement of financial position
as at 30 September 2024
Investment property
677,582
677,582
Investments
1,131,090
1,131,110
Debtors
11,073,418
11,285,716
Cash at bank and in hand
170,103
160,557
Creditors: amounts falling due within one year
(11,181,341)
(11,899,262)
Net current assets/(liabilities)
62,180
(452,989)
Total assets less current liabilities
1,870,852
1,355,703
Creditors: amounts falling due after more than one year
(1,830,017)
(1,336,227)
Called up share capital
3
3
Profit and loss account
40,832
19,473
Shareholders' funds
40,835
19,476
For the year ending 30 September 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 20 June 2025 and were signed on its behalf by
Changfei Li
Director
Company Registration No. 8808538
C & M Wealth Global Limited
Notes to the Accounts
for the year ended 30 September 2024
C & M Wealth Global Limited is a private company, limited by shares, registered in England and Wales, registration number 8808538. 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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 30 September 2024
1,079
At 30 September 2024
1,079
Fair value at 1 October 2023
677,582
At 30 September 2024
677,582
C & M Wealth Global Limited
Notes to the Accounts
for the year ended 30 September 2024
6
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 October 2023
1,131,090
20
1,131,110
Valuation at 30 September 2024
1,131,090
-
1,131,090
Amounts falling due within one year
Trade debtors
7,238,029
10,450,764
Amounts due from group undertakings etc.
3,745,740
668,491
Accrued income and prepayments
87,098
162,997
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
4,283,600
6,244,384
Amounts owed to group undertakings and other participating interests
6,752,157
5,515,048
Taxes and social security
41,386
52,147
Other creditors
99,814
85,043
9
Creditors: amounts falling due after more than one year
2024
2023
Trade creditors
1,800,003
1,300,003
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).