C & M Wealth Global Limited

C & M Wealth Global Limited

C & M WEALTH GLOBAL LIMITED - Company Information

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1 April 2018 false No description of principal activity Taxfiler 2020.6 8808538business:PrivateLimitedCompanyLtd2018-04-012019-09-30 88085382018-03-31 88085382018-04-012019-09-30 8808538business:AuditExempt-NoAccountantsReport2018-04-012019-09-30 8808538business:FullAccounts2018-04-012019-09-30 88085382019-09-30 8808538business:Director12018-04-012019-09-30 8808538business:Director22018-04-012019-09-30 8808538business:RegisteredOffice2018-04-012019-09-30 88085382018-03-31 8808538core:WithinOneYear2019-09-30 8808538core:WithinOneYear2018-03-31 8808538core:AfterOneYear2019-09-30 8808538core:AfterOneYear2018-03-31 8808538core:ShareCapital2019-09-30 8808538core:ShareCapital2018-03-31 8808538core:RetainedEarningsAccumulatedLosses2019-09-30 8808538core:RetainedEarningsAccumulatedLosses2018-03-31 8808538business:SmallEntities2018-04-012019-09-30 8808538countries:EnglandWales2018-04-012019-09-30 8808538core:PlantMachinery2018-04-012019-09-30 8808538core:ComputerEquipment2018-03-31 8808538core:ComputerEquipment2019-09-30 8808538core:ComputerEquipment2018-04-012019-09-30 8808538core:AdditionsToInvestments2019-09-30 8808538business:OrdinaryShareClass12018-04-012019-09-30 8808538business:OrdinaryShareClass12017-04-012018-03-31 88085382017-04-012018-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 8808538 (England and Wales)
C & M Wealth Global Limited Unaudited accounts for the period from 1 April 2018 to 30 September 2019
C & M Wealth Global Limited Unaudited accounts Contents
Page
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C & M Wealth Global Limited Company Information for the period from 1 April 2018 to 30 September 2019
Directors
Ming Chen Changfei Li
Company Number
8808538 (England and Wales)
Registered Office
1 King William Street London EC4N 7AF
Accountants
Vincent Lim 70 Dowdeswell Close London SW15 5RL
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C & M Wealth Global Limited Statement of financial position as at 30 September 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
359 
719 
Investment property
5
2,010,749 
1,620,335 
Investments
6
20 
- 
2,011,128 
1,621,054 
Current assets
Debtors
7
2,797,806 
3,903,781 
Cash at bank and in hand
115,859 
522,266 
2,913,665 
4,426,047 
Creditors: amounts falling due within one year
8
(1,108,263)
(5,841,893)
Net current assets/(liabilities)
1,805,402 
(1,415,846)
Total assets less current liabilities
3,816,530 
205,208 
Creditors: amounts falling due after more than one year
9
(3,571,606)
- 
Net assets
244,924 
205,208 
Capital and reserves
Called up share capital
10
3 
3 
Profit and loss account
244,921 
205,205 
Shareholders' funds
244,924 
205,208 
For the period ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 5 May 2020.
Ming Chen Director Company Registration No. 8808538
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C & M Wealth Global Limited Notes to the Accounts for the period from 1 April 2018 to 30 September 2019
1
Statutory information
C & M Wealth Global Limited is a private company, limited by shares, registered in England and Wales, registration number 8808538. The registered office is 1 King William Street, London, EC4N 7AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
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C & M Wealth Global Limited Notes to the Accounts for the period from 1 April 2018 to 30 September 2019
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2018
1,079 
At 30 September 2019
1,079 
Depreciation
At 1 April 2018
360 
Charge for the period
360 
At 30 September 2019
720 
Net book value
At 30 September 2019
359 
At 31 March 2018
719 
5
Investment property
2019 
£ 
Fair value at 1 April 2018
1,620,335 
Additions
390,434 
Disposals
20 
At 30 September 2019
2,010,749 
6
Investments
Other investments 
£ 
Valuation at 1 April 2018
- 
Additions
20 
Valuation at 30 September 2019
20 
7
Debtors
2019 
2018 
£ 
£ 
Trade debtors
2,697,277 
3,183,492 
Amounts due from group undertakings etc.
19,050 
720,289 
Accrued income and prepayments
81,479 
- 
2,797,806 
3,903,781 
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C & M Wealth Global Limited Notes to the Accounts for the period from 1 April 2018 to 30 September 2019
8
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
- 
5,735,636 
Amounts owed to group undertakings and other participating interests
1,018,173 
- 
Taxes and social security
14,170 
30,315 
Other creditors
25,617 
- 
Loans from directors
48,179 
70,379 
Accruals
2,124 
1,300 
Deferred income
- 
4,263 
1,108,263 
5,841,893 
9
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Trade creditors
3,571,606 
- 
10
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
11
Average number of employees
During the period the average number of employees was 0 (2018: 0).
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