ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

CMAP GROUP LIMITED - Company Information

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Caseware UK (AP4) 2018.0.196 2018.0.196 2018-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseholding companyfalse2018-01-01 09729452 2018-01-01 2018-12-31 09729452 2017-01-01 2017-12-31 09729452 2018-12-31 09729452 2017-12-31 09729452 1 2018-01-01 2018-12-31 09729452 d:Director1 2018-01-01 2018-12-31 09729452 c:Non-currentFinancialInstruments 2018-12-31 09729452 c:Non-currentFinancialInstruments 2017-12-31 09729452 c:CurrentFinancialInstruments c:WithinOneYear 2018-12-31 09729452 c:CurrentFinancialInstruments c:WithinOneYear 2017-12-31 09729452 c:ShareCapital 2018-12-31 09729452 c:ShareCapital 2017-12-31 09729452 c:RetainedEarningsAccumulatedLosses 2018-12-31 09729452 c:RetainedEarningsAccumulatedLosses 2017-12-31 09729452 d:FRS102 2018-01-01 2018-12-31 09729452 d:AuditExempt-NoAccountantsReport 2018-01-01 2018-12-31 09729452 d:FullAccounts 2018-01-01 2018-12-31 09729452 d:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 iso4217:GBP xbrli:pure





31/12/2018














CMAP Group Limited (formerly J-Media Group Limited)

09729452
Information for filing with the
Registrar
For the year ended 31 December 2018
 
31 December 2018
CMAP GROUP LIMITED (FORMERLY J-MEDIA GROUP LIMITED)
REGISTERED NUMBER: 09729452

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2018

2018
2017
Note
£
£

Fixed assets
  

Investments
 5 
1,830
1,830

  
1,830
1,830

Current assets
  

Debtors: amounts falling due within one year
  
283,251
299,220

Bank & cash balances
  
119,541
55

  
402,792
299,275

Creditors: amounts falling due within one year
  
(15,724)
(254,130)

Net current assets
  
 
 
387,068
 
 
45,145

Total assets less current liabilities
  
388,898
46,975

  

Net assets
  
388,898
46,975


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
386,898
44,975

  
388,898
46,975


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

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31 December 2018
CMAP GROUP LIMITED (FORMERLY J-MEDIA GROUP LIMITED)
REGISTERED NUMBER: 09729452
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2018


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



David Graham
Director

Date: 5 September 2019
The notes on pages 3 to 6 form part of these financial statements.

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31 December 2018
CMAP GROUP LIMITED (FORMERLY J-MEDIA GROUP LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

1.


General information

CMAP Group Limited (formerly J-Media Group Limited) is a private company, limited by shares incorporated in the United Kingdom. The Company's registered number is 09729452. The address of its registered office is; Market House, Church Street, Wilmslow, SK9 1AX.
The principal activity of the Company is that of a holding company.
The financial statements have been presented in Pound Sterling as this is currency of the primary economic environment in which the Company operates and is rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the Company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the Company to continue as a going concern.
Accordingly the directors have a reasonable expectation that the Company will continue in operational existence and thus they adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

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31 December 2018
CMAP GROUP LIMITED (FORMERLY J-MEDIA GROUP LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Critical judgements in applying the company's accounting policies
The critical judgements that the directors have made in the process of applying the Company's accounting policies that have the most significant effect on the statutory financial statements are discussed below.
Assessing indicators of impairment
In assessing whether there have been any indicators of impairment assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience of recoverability. There have been no indicators of impairments identified during the current financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2017 -2).

- 4 -
 
31 December 2018
CMAP GROUP LIMITED (FORMERLY J-MEDIA GROUP LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2018
1,830



At 31 December 2018

1,830






Net book value



At 31 December 2018
1,830



At 31 December 2017
1,830

- 5 -
 
31 December 2018
CMAP GROUP LIMITED (FORMERLY J-MEDIA GROUP LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

6.


Related party transactions

Directors
The directors are owed £4,697 (2017 - £241,983) in respect of an outstanding loan. £237,286 was repaid during the year (2017 - £nil).
The amount owed to the directors was unsecured, interest free and repayable on demand.
CMAP Global Limited
Direct subsidiary
During the year the Company received dividends of £683,979 (2017 - £507,996).
The amount due from CMAP Global Limited at the balance sheet date is £283,251 (2017 - £299,220) and is included in amounts owed by group undertakings.
The amount owed from CMAP Global Limited is unsecured, interest free and repayable on demand.
CMAP Software Limited
Indirect subsidiary
The amount due to CMAP Software Limited at the balance sheet date is £11,027 (2017 - £11,027) and is included in amounts owed to group undertakings.
Wholly owned subsidiary undertakings
The Company has taken advantage of exemption granted by paragraph 33.1A of FRS 102 from disclosing related party transactions with subsidiary undertakings which it wholly owns. 


7.


Post balance sheet events

Following the year end date but prior to the date of signing this report the company sold a subsidiary generating a net profit on disposal of  £453,205.


8.


Controlling party

CMAP Group Limited (formerly J-Media Group Limited) is jointly controlled by David and Judith Graham who hold 100% of the issued share capital.

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