CTMS PROPERTIES LTD Company accounts

COMPANY REGISTRATION NUMBER: 13003766

CTMS PROPERTIES LTD

Unaudited Financial Statements

31 March 2026

CTMS PROPERTIES LTD

Financial Statements

Year ended 31 March 2026

Contents	Page

Directors' report	1

Statement of comprehensive income	2

Statement of financial position	3

Statement of changes in equity	5

Notes to the financial statements	6

CTMS PROPERTIES LTD

Directors' Report

Year ended 31 March 2026

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2026 .

Directors

The directors who served the company during the year were as follows:

C T Cheung
M S Lee

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 15 May 2026 and signed on behalf of the board by:

C T Cheung	M S Lee
Director	Director

Registered office:

3 Tudor Close

Cheam

Surrey

ENGLAND

SM3 8QS

CTMS PROPERTIES LTD

Statement of Comprehensive Income

Year ended 31 March 2026

	2026	2025
Note	£	£
Turnover	50,460	69,680

	--------	--------
Gross profit	50,460	69,680

Administrative expenses	28,014	35,371
	--------	--------
Operating profit	22,446	34,309

Other interest receivable and similar income		337	509
Interest payable and similar expenses		1,090	3,145
		--------	--------
Profit before taxation	5	21,693	31,673

Tax on profit	3,086	6,413
	--------	--------
Profit for the financial year and total comprehensive income	18,607	25,260
	--------	--------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

CTMS PROPERTIES LTD

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	6	13	13
Tangible assets	7	574,379	574,577
		---------	---------
		574,392	574,590

Current assets

Debtors	8	2,000	2,000
Cash at bank and in hand		40,575	77,776
		--------	--------
		42,575	79,776

Creditors: amounts falling due within one year	9	6,959	9,864
		--------	--------
Net current assets		35,616	69,912
		---------	---------
Total assets less current liabilities		610,008	644,502

Creditors: amounts falling due after more than one year	10	498,587	551,688
		---------	---------
Net assets		111,421	92,814
		---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	111,419	92,812
	---------	--------
Shareholders funds	111,421	92,814
	---------	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 March 2026 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CTMS PROPERTIES LTD

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 15 May 2026 , and are signed on behalf of the board by:

C T Cheung	M S Lee
Director	Director

Company registration number: 13003766

CTMS PROPERTIES LTD

Statement of Changes in Equity

Year ended 31 March 2026

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 April 2024	–	67,552	67,552

Profit for the year		25,260	25,260
	----	--------	--------
Total comprehensive income for the year	–	25,260	25,260

Issue of shares	2	–	2
	----	--------	--------
Total investments by and distributions to owners	2	–	2

At 31 March 2025	2	92,812	92,814

Profit for the year		18,607	18,607
	----	--------	--------
Total comprehensive income for the year	–	18,607	18,607

	----	---------	---------
At 31 March 2026	2	111,419	111,421
	----	---------	---------

CTMS PROPERTIES LTD

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Tudor Close, Cheam, Surrey, SM3 8QS, ENGLAND.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2026	2025
	£	£
Depreciation of tangible assets	198	198
	----	----

6. Intangible assets

	Intangible asset user defined 1
	£
Cost
Additions	13
	----
At 31 March 2026	13
	----
Amortisation
At 1 April 2025 and 31 March 2026	–
	----
Carrying amount
At 31 March 2026	13
	----
At 31 March 2025	–
	----

7. Tangible assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	574,178	10,548	584,726
	---------	--------	---------
Depreciation
At 1 April 2025	–	10,149	10,149
Charge for the year	–	198	198
	---------	--------	---------
At 31 March 2026	–	10,347	10,347
	---------	--------	---------
Carrying amount
At 31 March 2026	574,178	201	574,379
	---------	--------	---------
At 31 March 2025	574,178	399	574,577
	---------	--------	---------

8. Debtors

	2026	2025
	£	£
Trade debtors	2,000	2,000
	-------	-------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	2,800	2,450
Corporation tax	4,159	7,414
	-------	-------
	6,959	9,864
	-------	-------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	53,101
Other creditors	498,587	498,587
	---------	---------
	498,587	551,688
	---------	---------

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2026	2025
	£	£
C T Cheung	( 249,208)	( 249,208)
M S Lee	( 249,379)	( 249,379)
	---------	---------
	( 498,587)	( 498,587)
	---------	---------