REGISTERED NUMBER: 05047217 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

CPS-PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B M Spokes

I Spokes

REGISTERED OFFICE:

165 Stoke Lane

Westbury-On-Trym

Bristol

BS9 3RR

REGISTERED NUMBER:

05047217 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

FIXED ASSETS

Tangible assets

4

3,418

12,248

CURRENT ASSETS

Stocks

13,150

10,800

Debtors

5

43,124

52,988

Cash at bank

5,165

28,163

61,439

91,951

CREDITORS

Amounts falling due within one year

6

154,551

174,670

NET CURRENT LIABILITIES

(93,112

)

(82,719

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(89,694

)

(70,471

)

CREDITORS

Amounts falling due after more than one year

7

13,334

31,829

NET LIABILITIES

(103,028

)

(102,300

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(104,028

)

(103,300

)

(103,028

)

(102,300

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 21 November 2025 and were signed on its behalf by:

I Spokes - Director

1.	STATUTORY INFORMATION

CPS-Property 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.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% per annum of net book value

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

7,006

198

35,427

5,689

48,320

Disposals

-

-

(13,990

)

-

(13,990

)

At 28 February 2025

7,006

198

21,437

5,689

34,330

DEPRECIATION

At 1 March 2024

4,701

94

26,919

4,358

36,072

Charge for year

346

16

160

439

961

Eliminated on disposal

-

-

(6,121

)

-

(6,121

)

At 28 February 2025

5,047

110

20,958

4,797

30,912

NET BOOK VALUE

At 28 February 2025

1,959

88

479

892

3,418

At 29 February 2024

2,305

104

8,508

1,331

12,248

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

43,124

52,988

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

3,173

Amounts owed to group undertakings

1,640

1,640

Taxation and social security

6,794

5,361

Other creditors

146,117

164,496

154,551

174,670

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

13,334

23,333

Hire purchase contracts

-

8,496

13,334

31,829