CQMS Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14541288 (England and Wales)

CQMS INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2024 TO 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

Mrs E J Eaton

W P Eaton

REGISTERED OFFICE:

12-13 Westgate

Grantham

Lincs

NG31 6LT

REGISTERED NUMBER:

14541288 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Tangible assets

4

376,175

373,305

CURRENT ASSETS

Debtors

5

5,184

82,640

Cash at bank

5,013

10,899

10,197

93,539

CREDITORS

Amounts falling due within one year

6

410,559

236,942

NET CURRENT LIABILITIES

(400,362

)

(143,403

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,187

)

229,902

CREDITORS

Amounts falling due after more than one year

7

-

244,884

NET LIABILITIES

(24,187

)

(14,982

)

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

(24,189

)

(14,984

)

SHAREHOLDERS' FUNDS

(24,187

)

(14,982

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by:

Mrs E J Eaton - Director

1.	STATUTORY INFORMATION

CQMS Investments 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.

These financial statements cover an extended accounting period of 15 months from 1 January 2024 to 31 March 2025. This is longer than the standard 12 month period.

The reason for extending the accounting period was to align the company's financial year end with the mortgage term.

Comparative figures presented in the financial statements relate to the prior 12 month period ended 31 December 2023, and are therefore not directly comparable with the current 15 month accounting period.

Turnover

Turnover represents the fair value of net rent received from a property. Rent received is recognised at the point of occupation.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

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 period 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 period was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2024

373,305

Additions

2,870

At 31 March 2025

376,175

NET BOOK VALUE

At 31 March 2025

376,175

At 31 December 2023

373,305

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Trade debtors

3,427

-

Other debtors

1,604

Directors' loan accounts

-

4,752

VAT

-

71,977

Prepayments and accrued income

153

4,307

5,184

82,640

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Bank loans and overdrafts

-

82,527

Trade creditors

3,174

57

Taxation

-

1,604

VAT

1,398

-

Other creditors

4,500

149,556

Directors' loan accounts

399,381

-

Accruals and deferred income

2,106

3,198

410,559

236,942

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

Bank loans over 1 year

-

46,261

Bank loans over 5 years

-

198,623

-

244,884

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

-

198,623

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2023

£

Bank loans

-

327,411

The bank loans were secured with a fixed and floating charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2023

value:

£

2

Ordinary

1

2

10.	GOING CONCERN

At the balance sheet date, the company had net liabilities of £24,187 (2023 - £14,982), indicating that the company's liabilities exceeded its assets. Despite this, the financial statements have been prepared on a going concern basis.

The directors have assessed the company's current financial position and believe that with their ongoing support as shareholders there are adequate resources for the company to continue in operation for at least the next 12 months.