CMS Kettering Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12339790 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

CMS KETTERING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

CK Beattie

MJ Buckby

REGISTERED OFFICE:

Forest House

2 Riley Road

Telford Way Industrial Estate

Kettering

Northamptonshire

NN16 8NN

REGISTERED NUMBER:

12339790 (England and Wales)

AUDITORS:

Bewers Turner & Co LLP

Chartered Accountants & Statutory Auditor

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

FIXED ASSETS

Tangible assets

4

1,088,768

1,055,340

Investment property

5

262,500

1,351,268

1,317,840

CURRENT ASSETS

Debtors

6

47,773

40,100

Cash at bank

193,868

193,106

241,641

233,206

CREDITORS

Amounts falling due within one year

7

1,319,346

1,314,804

NET CURRENT LIABILITIES

(1,077,705

)

(1,081,598

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

273,563

236,242

PROVISIONS FOR LIABILITIES

2,234

14,135

NET ASSETS

271,329

222,107

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

8

111,152

96,272

Fair value reserve

8

6,850

5,137

Retained earnings

153,227

120,598

SHAREHOLDERS' FUNDS

271,329

222,107

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 13th November 2025 and were signed on its behalf by:

CK Beattie - Director

1.	STATUTORY INFORMATION

CMS Kettering 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 as modified by the revaluation of certain assets.

The directors have prepared the accounts on the going concern basis, notwithstanding the company has net current liabilities due to a group loan provided to finance the purchase of the properties. Although repayable on demand, the directors of the HVSS group of companies will not call for repayment or part repayment until the company has sufficient funds.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the process of applying the company's accounting policies, management has exercised its judgement as to the market value of the company's properties and their depreciable amount. It has also estimated the value of properties used by the group and by third parties. Management have made no other significant judgements which have a significant effect on the amounts recognised in the financial statements or made any other significant estimates that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Turnover

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

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

5% on cost

Tangible fixed assets are stated at cost or revalued amount less accumulated depreciation and accumulated impairment losses.

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

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.

Financial instruments

The company is party to only the basic financial instruments such as cash, trade debtors and trade creditors. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1st April 2024

1,072,500

-

1,072,500

Additions

-

52,108

At 31st March 2025

1,072,500

52,108

1,124,608

DEPRECIATION

At 1st April 2024

17,160

-

17,160

Charge for year

17,160

1,520

18,680

At 31st March 2025

34,320

1,520

35,840

NET BOOK VALUE

At 31st March 2025

1,038,180

50,588

1,088,768

At 31st March 2024

1,055,340

-

1,055,340

Cost or valuation at 31st March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2023

66,849

-

66,849

Cost

1,005,651

52,108

1,057,759

1,072,500

52,108

1,124,608

The value of the properties are not materially different to the independent valuation undertaken in June 2023.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

262,500

NET BOOK VALUE

At 31st March 2025

262,500

At 31st March 2024

262,500

Fair value at 31st March 2025 is represented by:

£

Valuation in 2023

6,850

Cost

255,650

262,500

The value of the property is not materially different to the independent valuation undertaken in June 2023.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

6,147

-

Amounts owed by group undertakings

40,100

Other debtors

1,526

-

47,773

40,100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed to group undertakings

1,288,022

1,299,087

Taxation and social security

22,331

15,717

Other creditors

8,993

-

1,319,346

1,314,804

8.

RESERVES

Fair

Revaluation

value

reserve

Totals

£

At 1st April 2024

96,272

5,137

101,409

Deferred tax movement

14,880

-

14,880

Deferred tax movement

-

1,713

At 31st March 2025

111,152

6,850

118,002

Revaluation reserve

Includes cumulative unrealised gains and losses net of deferred tax on the revaluation of property.

Fair value reserve

Includes cumulative unrealised gains and losses net of deferred tax on the revaluation of the

investment property.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Bewers BSc FCA (Senior Statutory Auditor)

for and on behalf of Bewers Turner & Co LLP

10.	ULTIMATE PARENT COMPANY

HVSS Group Limited is regarded by the directors as being the company's ultimate parent company.

HVSS Group Limited is the largest (and smallest) company for which consolidated financial statements are drawn up of which the company is a member. The registered office of HVSS Group Limited is Forest House 2 Riley Road, Telford Way Industrial Estate, Kettering, Northamptonshire, NN16 8NN.