Consultiam Property Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04906350 (England and Wales)

Financial Statements For The Period 1 December 2020 to 31 May 2022

for

Consultiam Property Limited

T/A

Capa

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A L Sweeney

M Sheath

SECRETARY:

D Kaye

REGISTERED OFFICE:

7 Stratford Place

London

W1C 1AY

REGISTERED NUMBER:

04906350 (England and Wales)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Intangible assets

4

74,875

119,800

Tangible assets

5

78,116

89,292

152,991

209,092

CURRENT ASSETS

Debtors

217,254

1,008,199

Cash at bank

-

56,342

217,254

1,064,541

CREDITORS

Amounts falling due within one year

234,178

586,868

NET CURRENT (LIABILITIES)/ASSETS

(16,924

)

477,673

TOTAL ASSETS LESS CURRENT LIABILITIES

136,067

686,765

CREDITORS

Amounts falling due after more than one year

6

(32,500

)

(46,667

)

PROVISIONS FOR LIABILITIES

(19,399

)

(16,553

)

NET ASSETS

84,168

623,545

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

84,158

623,535

SHAREHOLDERS' FUNDS

84,168

623,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2022 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the period ended 31 May 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2023 and were signed on its behalf by:

A L Sweeney - Director

1.	STATUTORY INFORMATION

Consultiam Property Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to the date based on a proportion of the total contract value.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the Statement of Comprehensive Income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the Statement of Comprehensive Income.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2020 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2020

and 31 May 2022

599,000

AMORTISATION

At 1 December 2020

479,200

Amortisation for period

44,925

At 31 May 2022

524,125

NET BOOK VALUE

At 31 May 2022

74,875

At 30 November 2020

119,800

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2020

135,965

Additions

29,341

At 31 May 2022

165,306

DEPRECIATION

At 1 December 2020

46,673

Charge for period

40,517

At 31 May 2022

87,190

NET BOOK VALUE

At 31 May 2022

78,116

At 30 November 2020

89,292

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2022

2020

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

6,667

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2022

2020

£

£

Within one year

117,500

117,500