REGISTERED NUMBER: 11702057 (England and Wales)

Financial Statements For The Year Ended 31 December 2024

for

Cumming Group (CMCS) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

D Hutchison

A Al Jajeh

REGISTERED OFFICE:

1 Fellmongers Path

Tower Bridge Road

London

SE1 3LY

REGISTERED NUMBER:

11702057 (England and Wales)

INDEPENDENT AUDITORS:

Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Investments

4

97,185

45,162,326

CURRENT ASSETS

Debtors

5

4,745,805

7,876,295

Cash at bank

2,096,802

5,312,511

6,842,607

13,188,806

CREDITORS

Amounts falling due within one year

6

3,214,556

54,667,021

NET CURRENT ASSETS/(LIABILITIES)

3,628,051

(41,478,215

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,725,236

3,684,111

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,725,235

3,684,110

3,725,236

3,684,111

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by:

A Al Jajeh - Director

1.	STATUTORY INFORMATION

Cumming Group (CMCS) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Current or deferred taxation assets and liabilities are not discounted.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investments

Investments are measured at cost less impairment as fair value cannot be reliably measured without undue cost or effort.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

45,162,326

Disposals

(45,065,141

)

At 31 December 2024

97,185

NET BOOK VALUE

At 31 December 2024

97,185

At 31 December 2023

45,162,326

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

4,745,805

7,876,295

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

-

22,342

Other creditors

3,214,556

54,644,679

3,214,556

54,667,021

7.	SECURED DEBTS

Wilmington Trust, National Association holds a fixed and floating charge over the assets of the company.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Janice Alexander (Senior Statutory Auditor)

for and on behalf of Robb Ferguson

9.	CONTINGENT LIABILITIES

The company has granted security against it's assets by way of a Debenture in respect of borrowings of its ultimate parent company, Chartwell Cumming Holding Corporation.

10.	ULTIMATE CONTROLLING PARTY