Registration number: 04818523

CMS Developments Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

CMS Developments Limited

Company Information

Directors	N A Aldred A L T Buckles J P Yendell

Company secretary

A L T Buckles

Registered office

Unit 6 Penn Street Works Penn Street Amersham Buckinghamshire HP7 0FA

Accountants

Sable & Argent Limited 2 Elvetham Crescent Fleet Hampshire GU51 1BU

CMS Developments Limited

(Registration number: 04818523)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	205,747	249,748
Investment property	5	6,086,156	6,086,156
Investments	6	100	100
		6,292,003	6,336,004
Current assets
Stocks	7	1,049,217	1,029,987
Debtors	8	591,005	603,508
Cash at bank and in hand		267,197	247,106
		1,907,419	1,880,601
Creditors: Amounts falling due within one year	9	(364,618)	(346,949)
Net current assets		1,542,801	1,533,652
Total assets less current liabilities		7,834,804	7,869,656
Creditors: Amounts falling due after more than one year	9	(2,000,000)	(2,150,000)
Provisions for liabilities	11	(736,958)	(757,181)
Net assets		5,097,846	4,962,475
Capital and reserves
Called up share capital	14	150	150
Capital redemption reserve		50	50
Fair value reserve		2,503,849	2,483,626
Retained earnings		2,593,797	2,478,649
Shareholders' funds		5,097,846	4,962,475

CMS Developments Limited

(Registration number: 04818523)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 October 2025 and signed on its behalf by:
 

A L T Buckles Company secretary and director

J P Yendell Director

CMS Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 6 Penn Street Works
Penn Street
Amersham
Buckinghamshire
HP7 0FA

These financial statements were authorised for issue by the Board on 10 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises income from the sale of developments and developer's fees, and property rental income invoiced during the year exclusive of Value Added Tax. Income from the sale of developments is recognised on the signing of contracts; developer's fees are recognised as the contracts progress. Property rental income is recognised in the period to which it relates.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion, when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

CMS Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	at 25% or 10% p.a. straight line
Motor vehicles	at 20% p.a. straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Impairment of fixed assets

At each reporting date, the directors review the carrying amounts of the company's tangible assets to deternine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount if the asset is estimated in order to determine the extent of the impairment loss (if any).

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

CMS Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit and loss account. Reversals of impairment losses are also recognised in the profit and loss account.

Work in progress is valued on the basis of direct costs incurred. A provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Other reserves

The company maintains a revaluation reserve which comprises the accumulated revaluations of its investment properties less the deferred tax provided thereon. Transfers are made to and from this non-distributable reserve from and to the profit and loss account so that the latter comprises distributable amounts.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Basic financial assets

Basic financial assets, which include trade and other debtors, amounts owed to group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs, and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments at a market rate of interest.

CMS Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3	Staff numbers

The average number of persons (including directors) employed by the company in the year, was 3 (2024: 4).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	217,091	151,774	368,865
Additions	1,690	-	1,690
At 31 January 2025	218,781	151,774	370,555
Depreciation
At 1 February 2024	82,744	36,373	119,117
Charge for the year	19,337	26,354	45,691
At 31 January 2025	102,081	62,727	164,808
Carrying amount
At 31 January 2025	116,700	89,047	205,747
At 31 January 2024	134,347	115,401	249,748

CMS Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5	Investment properties

	2025 £
At 1 February	6,086,156
At 31 January	6,086,156

The fair value of the company's investment properties, all of which are commercial properties, have been arrived at on the basis of a valuation carried out by the directors and was made by reference to rental yields.

There has been no valuation of investment property by an independent valuer.

6	Investments

	2025 £	2024 £
Investments in subsidiaries	100	100