CEM Prime Properties Ltd

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Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the director on the preparation of the unaudited statutory accounts of CEM Prime Properties Ltd for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CEM Prime Properties Ltd for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the director of CEM Prime Properties Ltd , as a body, in accordance with the terms of our engagement letter dated 19 October 2019. Our work has been undertaken solely to prepare for your approval the accounts of CEM Prime Properties Ltd and state those matters that we have agreed to state to the director of CEM Prime Properties Ltd , as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CEM Prime Properties Ltd and its director, as a body, for our work or for this report.

It is your duty to ensure that CEM Prime Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of CEM Prime Properties Ltd . You consider that CEM Prime Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of CEM Prime Properties Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

RJ Murray FFA FIPA

30th September 2025

RJM Accountants

Financial Accountants

24 Rayner Drive

Brighouse

West Yorkshire

HD6 2DG

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CEM Prime Properties Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 09438557

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		691,588		499,306

			691,588		499,306
CURRENT ASSETS
Debtors	5	182,187		44,024
Cash at bank and in hand		26,534		12,009

		208,721		56,033
Creditors: Amounts Falling Due Within One Year	6	(265,374 )		(53,791 )

NET CURRENT ASSETS (LIABILITIES)			(56,653 )		2,242

TOTAL ASSETS LESS CURRENT LIABILITIES			634,935		501,548

Creditors: Amounts Falling Due After More Than One Year	7		(412,315 )		(340,403 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(54,123 )		-

NET ASSETS			168,497		161,145

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			168,496		161,144

SHAREHOLDERS' FUNDS			168,497		161,145

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CEM Prime Properties Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Charlotte McCue

Director

30th September 2025

The notes on pages 4 to 6 form part of these financial statements.

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CEM Prime Properties Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

CEM Prime Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09438557 . The registered office is 113 Moor Lane, Gomersal, Cleckheaton, BD19 4LJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	over 50 years
Motor Vehicles	25% Straight Line
Fixtures & Fittings	10% Straight Line
Computer Equipment	30% Straight line

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

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CEM Prime Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	489,026	22,250	1,482	4,337	517,095
Additions	199,299	-	-	799	200,098

As at 31 December 2024	688,325	22,250	1,482	5,136	717,193

Depreciation
As at 1 January 2024	1,178	13,918	383	2,310	17,789
Provided during the period	(1,178 )	5,500	4,188	(694 )	7,816

As at 31 December 2024	-	19,418	4,571	1,616	25,605

Net Book Value
As at 31 December 2024	688,325	2,832	(3,089 )	3,520	691,588

As at 1 January 2024	487,848	8,332	1,099	2,027	499,306

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by associates	182,187	44,024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	768	(934 )
Bank loans and overdrafts	26,978	(1,185 )
Corporation tax	2,888	1,311
Other creditors (1)	(10,715 )	-
Other creditors (2)	4,703	-
Accruals and deferred income	1,426	504
Director's loan account	239,326	54,095

	265,374	53,791

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	288,164	214,957
Other loans	117,503	125,446
Amounts owed to related parties	6,648	-

	412,315	340,403

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CEM Prime Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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