REGISTERED NUMBER: 09852582 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

CWB PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W R Bowman

Ms A Bowman

REGISTERED OFFICE:

48 Holborough Road

Snodland

United Kingdom

Kent

ME6 5PB

REGISTERED NUMBER:

09852582 (England and Wales)

ACCOUNTANTS:

Stafford Accountancy

The Yard Suite 2.2

Gill Bridge Avenue

Sunderland

Tyne and Wear

SR1 3AW

FIXED ASSETS

Tangible assets

4

42,161

47,036

CURRENT ASSETS

Debtors

5

33,213

4,500

Cash at bank

136,599

90,425

169,812

94,925

CREDITORS

Amounts falling due within one year

6

102,639

62,335

NET CURRENT ASSETS

67,173

32,590

TOTAL ASSETS LESS CURRENT LIABILITIES

109,334

79,626

PROVISIONS FOR LIABILITIES

1,520

2,538

NET ASSETS

107,814

77,088

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

107,813

77,087

SHAREHOLDERS' FUNDS

107,814

77,088

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 31st October 2025 and were signed on its behalf by:

W R Bowman - Director

1.	STATUTORY INFORMATION

CWB Property Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

In connection with lettings, the company offers the following services:

(1) Securing the letting for the landlord including rent collection; and

(2) Managing the letting on behalf of the landlord.

Commissions earned on the above services are recognised as follows:

(1) Commissions on securing the letting are recognised immediately.

(2) The management fee is billed and recognised monthly at a fixed percentage of the monthly rental.

Commission earned on financial services is recognised when insurance policies go on risk and when mortgage contracts complete. Income from other services is recognised in the period or periods when the services are provided. Commission is recognised at fair value which takes account of expected future cancellations.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st February 2024

23,531

4,553

1,803

Additions

-

-

-

At 31st January 2025

23,531

4,553

1,803

DEPRECIATION

At 1st February 2024

-

3,673

1,042

Charge for year

-

220

190

At 31st January 2025

-

3,893

1,232

NET BOOK VALUE

At 31st January 2025

23,531

660

571

At 31st January 2024

23,531

880

761

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st February 2024

30,203

5,651

65,741

Additions

-

1,078

1,078

At 31st January 2025

30,203

6,729

66,819

DEPRECIATION

At 1st February 2024

10,135

3,855

18,705

Charge for year

5,017

526

5,953

At 31st January 2025

15,152

4,381

24,658

NET BOOK VALUE

At 31st January 2025

15,051

2,348

42,161

At 31st January 2024

20,068

1,796

47,036

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,663

1,696

Other debtors

24,550

2,804

33,213

4,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,114

6,583

Tax

24,905

24,798

VAT

2,682

1,157

Other creditors

27,463

14,292

Directors' current accounts

35,715

12,880

Accruals and deferred income

2,760

2,625

102,639

62,335

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

13,294

1,891

Between one and five years

16,309

-

29,603

1,891

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1