Filleted
Registration number: 02092476

C.M.E. (Developments) Limited
trading as CME (Developments) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

C.M.E. (Developments) Limited
trading as CME (Developments) Limited

Company Information

Directors

Mr C M Evans Mrs R Hadi Mr K Hadi Ms A C Moulton

Registered office

Bryn y Groes Farm Ystradgynlais Swansea SA9 1LF

C.M.E. (Developments) Limited
trading as CME (Developments) Limited

(Registration number: 02092476)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	540,398	986,275
Investment property	5	265,105	-
		805,503	986,275
Current assets
Stocks	6	27,780	16,725
Debtors	7	145,833	192,115
Cash at bank and in hand		89,946	63,685
		263,559	272,525
Creditors: Amounts falling due within one year	8	(653,140)	(913,739)
Net current liabilities		(389,581)	(641,214)
Total assets less current liabilities		415,922	345,061
Creditors: Amounts falling due after more than one year	8	(600,000)	(500,000)
Net liabilities		(184,078)	(154,939)
Capital and reserves
Called up share capital	9	1,000	1,000
Retained earnings		(185,078)	(155,939)
Shareholders' deficit		(184,078)	(154,939)

For the financial year ending 31 March 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 and 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 28 November 2025 and signed on its behalf by:

......................................... Mr C M Evans Director

C.M.E. (Developments) Limited
trading as CME (Developments) Limited

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

1	General information

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

The address of its registered office is:
Bryn y Groes Farm
Ystradgynlais
Swansea
SA9 1LF

These financial statements were authorised for issue by the Board on 28 November 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 the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

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.

C.M.E. (Developments) Limited
trading as CME (Developments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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
Furniture, fittings, tools and equipment	33% and 25% on cost
Motor vehicles	33% and 25% on cost

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.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

C.M.E. (Developments) Limited
trading as CME (Developments) Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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.

C.M.E. (Developments) Limited
trading as CME (Developments) Limited

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 9).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	302,988	1,183,676	489,026	1,975,690
Additions	196,617	94,636	101,327	392,580
Disposals	(323,698)	(407,231)	(152,000)	(882,929)
At 31 March 2025	175,907	871,081	438,353	1,485,341
Depreciation
At 1 April 2024	-	671,467	317,948	989,415
Charge for the year	-	56,299	86,411	142,710
Eliminated on disposal	-	(49,914)	(137,268)	(187,182)
At 31 March 2025	-	677,852	267,091	944,943
Carrying amount
At 31 March 2025	175,907	193,229	171,262	540,398
At 31 March 2024	302,988	512,209	171,078	986,275

Included within the net book value of land and buildings above is £175,907 (2024 - £302,988) in respect of freehold land and buildings.
 

5	Investment properties

	2025 £
Additions	265,105
At 31 March	265,105

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

C.M.E. (Developments) Limited
trading as CME (Developments) Limited

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

6

Stocks

	2025 £	2024 £
Other inventories	27,780	16,725

7

Debtors

Current	2025 £	2024 £
Trade debtors	124,957	87,395
Prepayments	355	-
Other debtors	20,521	104,720
	145,833	192,115

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	10	-	94,022
Trade creditors		108,516	243,806
Taxation and social security		3,737	2,540
Directors' loan accounts	11	519,543	550,718
Other creditors		21,344	22,653
		653,140	913,739
Due after one year
Directors' loan accounts	11	600,000	500,000

C.M.E. (Developments) Limited
trading as CME (Developments) Limited

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

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	800	800	800	800
Ordinary A of £1 each	200	200	200	200
	1,000	1,000	1,000	1,000

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	94,022

11	Related party transactions

As at the balance sheet date, the directors are owed £1,119,543 (2024 : £1,050,718) from the company.

The amounts due within one year, £519,543 (2024 : £550,718), are unsecured, interest free and repayable on demand. The amounts due after one year, £600,000 (2024 : £500,000), are unsecured and interest free.