General Information
CEM Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 08451931, registration address Fletcher Thompson, Riverside Farm, Hollow Road, Ramsey Forty Foot, Huntingdon, Cambridgeshire, PE26 2YB.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover represents rents receivable and work done and is recognised as soon as the transaction has occurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties are recognised initially at cost and subsequently are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2025 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Investment properties |
|
Total |
| |
£ |
|
£ |
| At 01 April 2025 |
2,773,000 |
|
2,773,000 |
| Additions |
- |
|
- |
| Disposals |
(220,000) |
|
(220,000) |
| Revaluations |
37,000 |
|
37,000 |
| At 31 March 2026 |
2,590,000 |
|
2,590,000 |
| Depreciation |
| At 01 April 2025 |
- |
|
- |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 March 2026 |
- |
|
- |
| Net book values |
| Closing balance as at 31 March 2026 |
2,590,000 |
|
2,590,000 |
| Opening balance as at 01 April 2025 |
2,773,000 |
|
2,773,000 |
Investment Property
The investment properties were valued on an open market basis on 31 March 2026. The valuation was carried out by the directors.
If the properties had not been revalued, they would have been included at the historical cost of £2,095,187 (2025: £2,291,455).
|
| 4. |
Share Capital
Allotted, called up and fully paid
|
2026
£ |
|
2025
£ |
|
1,000,000
Ordinary A shares of £1.00 each |
1,000,000 |
|
1,000,000 |
|
1,000,000 |
|
1,000,000 |
|
2
|