REGISTERED NUMBER: 04511466 (England and Wales)

Financial Statements for the Year Ended 31st August 2025

for

CSM Property Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mrs S Kotsialos

D Kotsialos

Secretary:

Mrs S Kotsialos

Registered office:

54 Newberries Avenue

Radlett

Hertfordshire

WD7 7EP

Registered number:

04511466 (England and Wales)

Accountants:

Vitta Advisory Limited

54 Newberries Avenue

Radlett

Hertfordshire

WD7 7EP

Fixed assets

Property, plant and equipment

4

8,835

8,164

Investment property

5

7,783,468

8,700,400

7,792,303

8,708,564

Current assets

Debtors

6

631,233

334,325

Cash at bank

178,331

72,807

809,564

407,132

Creditors

Amounts falling due within one year

7

(265,955

)

(116,030

)

Net current assets

543,609

291,102

Total assets less current liabilities

8,335,912

8,999,666

Creditors

Amounts falling due after more than one year

8

(3,875,066

)

(4,514,620

)

Provisions for liabilities

(1,678

)

-

Net assets

4,459,168

4,485,046

Capital and reserves

Called up share capital

100

100

Retained earnings

4,459,068

4,484,946

4,459,168

4,485,046

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 26th August 2026 and were signed on its behalf by:

Mrs S Kotsialos - Director

1.	Statutory information

CSM Property Services 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.

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.

Turnover

Revenue 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	Employees and directors

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

4.	Property, plant and equipment

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1st September 2024

36,092

4,526

40,618

Additions

2,171

-

2,171

At 31st August 2025

38,263

4,526

42,789

Depreciation

At 1st September 2024

30,688

1,766

32,454

Charge for year

810

690

1,500

At 31st August 2025

31,498

2,456

33,954

Net book value

At 31st August 2025

6,765

2,070

8,835

At 31st August 2024

5,404

2,760

8,164

5.	Investment property

Total

£

Fair value

At 1st September 2024

8,700,400

Disposals

(916,932

)

At 31st August 2025

7,783,468

Net book value

At 31st August 2025

7,783,468

At 31st August 2024

8,700,400

Investment properties are stated at fair value in accordance with the Company’s accounting policy. At the last year balance sheet date 31 August 2024, the properties were independently valued at £8,700,400 by a firm of RICS-registered chartered surveyors, with appropriate qualifications and experience in the relevant property types and locations, out of which properties worth £916,932 sold out during the year and it shows fair value of £7,783,469 as at current year balance sheet date 31 August 2025.

This valuation represents a reduction of £916,932 from the prior year’s value of £8,700,400 (net of deferred tax) The decrease is on account of sales of properties during the year.

Fair value at 31st August 2025 is represented by:

£

Valuation in 2024

3,883,797

Valuation in 2025

(31,704

)

Cost

3,931,375

7,783,468

6.

Debtors: amounts falling due within one year

31/8/25

31/8/24

£

£

Other debtors

631,233

334,325

7.

Creditors: amounts falling due within one year

31/8/25

31/8/24

£

£

Taxation and social security

204,430

41,286

Other creditors

61,525

74,744

265,955

116,030

8.

Creditors: amounts falling due after more than one year

31/8/25

31/8/24

£

£

Bank loans

3,875,066

4,514,620

9.	Secured debts

The following secured debts are included within creditors:

31/8/25

31/8/24

£

£

Bank loans

3,875,066

4,514,620

10.

Reserves

Included within retained earnings are non-distributable profits of £3,852,093 (2024: £7,763,573)