Silverfin false false 30/04/2025 01/05/2024 30/04/2025 Richard John Bland 01/05/2019 Stephen Barnabas Leonard-Williams 01/05/2019 16 January 2026 The principal activity of the Company during the financial year was rental services of a commercial property. 11971924 2025-04-30 11971924 bus:Director1 2025-04-30 11971924 bus:Director2 2025-04-30 11971924 2024-04-30 11971924 core:CurrentFinancialInstruments 2025-04-30 11971924 core:CurrentFinancialInstruments 2024-04-30 11971924 core:Non-currentFinancialInstruments 2025-04-30 11971924 core:Non-currentFinancialInstruments 2024-04-30 11971924 core:ShareCapital 2025-04-30 11971924 core:ShareCapital 2024-04-30 11971924 core:RetainedEarningsAccumulatedLosses 2025-04-30 11971924 core:RetainedEarningsAccumulatedLosses 2024-04-30 11971924 core:LeaseholdImprovements 2024-04-30 11971924 core:LeaseholdImprovements 2025-04-30 11971924 2023-04-30 11971924 bus:OrdinaryShareClass1 2025-04-30 11971924 2024-05-01 2025-04-30 11971924 bus:FilletedAccounts 2024-05-01 2025-04-30 11971924 bus:SmallEntities 2024-05-01 2025-04-30 11971924 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 11971924 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 11971924 bus:Director1 2024-05-01 2025-04-30 11971924 bus:Director2 2024-05-01 2025-04-30 11971924 core:LeaseholdImprovements core:TopRangeValue 2024-05-01 2025-04-30 11971924 2023-05-01 2024-04-30 11971924 core:LeaseholdImprovements 2024-05-01 2025-04-30 11971924 core:Non-currentFinancialInstruments 2024-05-01 2025-04-30 11971924 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 11971924 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11971924 (England and Wales)

# CISW PROPERTY LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

CISW PROPERTY LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

CISW PROPERTY LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 April 2025
CISW PROPERTY LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 4,056 |  | 5,134
Investment property | 4 | 1,800,000 |  | 1,800,000
|  | 1,804,056 |  | 1,805,134
Current assets |  |  |  |
Debtors | 5 | 203 |  | 203
Cash at bank and in hand |  | 170,748 |  | 76,310
|  | 170,951 |  | 76,513
Creditors: amounts falling due within one year | 6 | ( 1,700,351) |  | ( 1,678,692)
Net current liabilities |  | (1,529,400) |  | (1,602,179)
Total assets less current liabilities |  | 274,656 |  | 202,955
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 3,193)
Provision for liabilities | 8 | ( 9,935) |  | ( 10,204)
Net assets |  | 264,721 |  | 189,558
Capital and reserves |  |  |  |
Called-up share capital | 9 | 1 |  | 1
Profit and loss account |  | 264,720 |  | 189,557
Total shareholders' funds |  | 264,721 |  | 189,558

For the financial year ending 30 April 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of CISW Property Limited (registered number: 11971924) were approved and authorised for issue by the Board of Directors on 16 January 2026. They were signed on its behalf by:

Richard John Bland Director |

CISW PROPERTY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
CISW PROPERTY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

CISW Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1f Long Acre, Saltash, PL12 6LZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

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. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Leasehold improve- ments |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2024 | 5,388 |  | 5,388
At 30 April 2025 | 5,388 |  | 5,388
Accumulated depreciation |  |  |
At 01 May 2024 | 254 |  | 254
Charge for the financial year | 1,078 |  | 1,078
At 30 April 2025 | 1,332 |  | 1,332
Net book value |  |  |
At 30 April 2025 | 4,056 |  | 4,056
At 30 April 2024 | 5,134 |  | 5,134

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 May 2024 | 1,800,000
As at 30 April 2025 | 1,800,000

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Prepayments | 203 |  | 203

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 1,633 |  | 0
Accruals and deferred income | 23,996 |  | 19,667
Corporation tax | 22,289 |  | 18,193
Other taxation and social security | 11,601 |  | 0
Other creditors | 1,640,832 |  | 1,640,832
| 1,700,351 |  | 1,678,692

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 0 |  | 3,193

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 10,204) |  | 0
Credited/(charged) to the Statement of Income and Retained Earnings | 269 |  | ( 10,204)
At the end of financial year | ( 9,935) |  | ( 10,204)

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 0.01 each | 1 |  | 1

#### 10. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 15,000 |  | 22,500

#### 11. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Balance owed to companies in which the Directors have a contolling interest | (1,640,832) |  | (1,640,832)

The company has taken the advantage of the exemption contained in s. 1AC.35 of FRS102, and not disclosed transactions or balances with wholly owned group entities.