ACCOUNTS - Final Accounts

Company registration number: 8850850

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	CPP LONDON PROPERTIES LIMITED


CPP LONDON PROPERTIES LIMITED

COMPANY INFORMATION

Directors	Mrs S L Kempe
	Mr P W F Kempe
	Miss T Z L Kempe
	Mr C E D Kempe


Registered number	8850850


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Trading Address	5 Marylebone Mews
	London
	W1G 8PX



Accountants	Menzies LLP
	Chartered Accountants
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


CPP LONDON PROPERTIES LIMITED REGISTERED NUMBER:8850850

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Stocks		2,587,345		2,610,250
Debtors: amounts falling due within one year	4	68,621		92,908
Cash at bank and in hand		78,982		145,888
		2,734,948		2,849,046
Creditors: amounts falling due within one year	5	(8,197,064)		(4,405,221)
Net current liabilities			(5,462,116)		(1,556,175)
Total assets less current liabilities			(5,462,116)		(1,556,175)
Creditors: amounts falling due after more than one year	6		-		(3,391,250)

Net liabilities			(5,462,116)		(4,947,425)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(5,462,118)	(4,947,427)
	(5,462,116)	(4,947,425)

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CPP LONDON PROPERTIES LIMITED REGISTERED NUMBER:8850850

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr P W F Kempe

Director

Date: 30 September 2025

The notes on pages 3 to 5 form part of these financial statements.

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CPP LONDON PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

CPP London Properties Limited is a private company limited by shares, incorporated in England & Wales under the Companies Act. The registered office and principal place of business is disclosed on the company information page.
The financial statements are presented in GBP which is the functional currency of the company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.

The following principal accounting policies have been applied:

2.2

Going concern

The property held by the company was sold post year-end. The directors intention is to continue to trade through the company. The net proceeds of the sale were used to reduce the company’s liabilities. The directors have assurances from the connected creditors that the remaining liabilities will only be recalled once the company is in a position to repay them. Therefore, the directors believe the going concern basis of preparing the accounts is appropriate.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes from rental income in accordance with underlying lease agreements. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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CPP LONDON PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Stocks

Stock comprises property valued at lower of cost and net realisable value. Cost includes all direct costs, an appropriate proportion of fixed and variable overheads and finance costs.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Debtors

					2024	2023
					£	£


Trade debtors	13,951	-
Other debtors	26,412	-
Prepayments and accrued income	28,258	92,908
	68,621	92,908

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CPP LONDON PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	3,488,750	195,000
Trade creditors	137,218	180,670
Other creditors	3,868,837	3,235,837
Accruals and deferred income	702,259	793,714
	8,197,064	4,405,221

The bank loan is secured by way of fixed charge and negative pledge over the property held by the company which is included within stock. The loan is also secured against assets of a company connected to the beneficial owner.
After the year end the loan security was satisfied on 25 March 2025, following the sale of the property.

6.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	-	3,391,250
	-	3,391,250

Secured Loans
The bank loan is secured by way of fixed charge and negative pledge over the property held by the company which is included within stock. The loan is also secured against assets of a company connected to the beneficial owner.

7.	Related party transactions
	At the year end, included within creditors due in less than one year are balances totalling £1,839,095 (2023: £1,206,095) owing to companies under common control. No interest (2023: Nil) was charged on these loans during the year.

8.	Transactions with directors

At the year end, included within creditors due in less than one year are balances totalling £2,029,742 (2023: £2,029,742) owing to a director. No interest (2023: £Nil) was charged on this loan during the year.

9.	Post balance sheet events

After the year end the company completed the sale of the property held as stock and the funds were used to pay down the liabilities.

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