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REGISTERED NUMBER: 13770737 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

CLS PROPERTY GROUP LTD

CLS PROPERTY GROUP LTD (REGISTERED NUMBER: 13770737)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLS PROPERTY GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: C Shipton





REGISTERED OFFICE: The Old Warehouse
18 Sirdar Road
Rayleigh
Essex
SS6 7XF





REGISTERED NUMBER: 13770737 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

CLS PROPERTY GROUP LTD (REGISTERED NUMBER: 13770737)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 73,742 110,613
Investment property 5 1,150,000 1,150,000
1,223,742 1,260,613

CURRENT ASSETS
Cash at bank 3,987 3,277

CREDITORS
Amounts falling due within one year 6 504,208 495,378
NET CURRENT LIABILITIES (500,221 ) (492,101 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

723,521

768,512

CREDITORS
Amounts falling due after more than one
year

7

(643,170

)

(682,393

)

PROVISIONS FOR LIABILITIES 8 (32,480 ) (32,480 )
NET ASSETS 47,871 53,639

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 9 97,440 97,440
Retained earnings (49,669 ) (43,901 )
47,871 53,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

CLS PROPERTY GROUP LTD (REGISTERED NUMBER: 13770737)

BALANCE SHEET - continued
30 NOVEMBER 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 director and authorised for issue on 18 August 2025 and were signed by:





C Shipton - Director


CLS PROPERTY GROUP LTD (REGISTERED NUMBER: 13770737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

CLS Property Group Ltd 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 as modified by the revaluation of certain assets.

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

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% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CLS PROPERTY GROUP LTD (REGISTERED NUMBER: 13770737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2023
and 30 November 2024 184,355
DEPRECIATION
At 1 December 2023 73,742
Charge for year 36,871
At 30 November 2024 110,613
NET BOOK VALUE
At 30 November 2024 73,742
At 30 November 2023 110,613

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 1,150,000
NET BOOK VALUE
At 30 November 2024 1,150,000
At 30 November 2023 1,150,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2022 64,919
Valuation in 2023 65,000
Cost 1,020,081
1,150,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 89,784 84,585
Other creditors 317,233 311,761
Directors' current accounts 95,691 97,532
Accrued expenses 1,500 1,500
504,208 495,378

CLS PROPERTY GROUP LTD (REGISTERED NUMBER: 13770737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 359,136 338,340
Bank loans more 5 yr by instal 284,034 344,053
643,170 682,393

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 284,034 344,053

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 32,480 32,480

Deferred
tax
£   
Balance at 1 December 2023 32,480
Balance at 30 November 2024 32,480

9. RESERVES
Non-distributable
reserve
£   
At 1 December 2023
and 30 November 2024 97,440