CMP PROPERTIES (UK) LIMITED
CMP PROPERTIES (UK) LIMITED
Registered number: 4835181
Unaudited Financial Statements
For The Year Ended 31 July 2023
Julie Lucas Chartered Accountant
BA ACA
Woodhouse Farm
Anson Road
Poynton
Cheshire
SK12 1TD
CMP PROPERTIES (UK) LIMITED
Contents
Contents
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
CMP PROPERTIES (UK) LIMITED
Balance Sheet
As At
31 July 2023
Balance Sheet
Registered number:
4835181
For the year ending 31 July 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investment Properties | 5 |
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| CURRENT ASSETS | |||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 8 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 216,426 | 206,787 | |||
CMP PROPERTIES (UK) LIMITED
Balance Sheet (continued)
As At
31 July 2023
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
CMP PROPERTIES (UK) LIMITED
Notes to the Financial Statements
For The Year Ended 31 July 2023
Notes to the Financial Statements
1.
General Information
CMP PROPERTIES (UK) LIMITED
Registered number
4835181
is a limited by shares company incorporated in England & Wales. The Registered Office is Dodle Farm Oldham Road, Denshaw, Oldham, OL3 5RP.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
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2.4.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
4.
Tangible Assets
| Fixtures & Fittings | |
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| Cost | |
| As at 1 August 2022 |
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| As at 31 July 2023 |
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| Depreciation | |
| As at 1 August 2022 |
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| As at 31 July 2023 |
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| Net Book Value | |
| As at 31 July 2023 |
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| As at 1 August 2022 |
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CMP PROPERTIES (UK) LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2023
5.
Investment Property
| 2023 | |
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| £ | |
| Fair Value | |
| As at 1 August 2022 and 31 July 2023 |
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6.
Debtors
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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7.
Creditors: Amounts Falling Due Within One Year
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| Trade creditors | - |
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| Bank loans and overdrafts |
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| Corporation tax |
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| Other creditors |
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| Accruals and deferred income |
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8.
Creditors: Amounts Falling Due After More Than One Year
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| Property Mortgages |
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| Directors loan account |
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10.
Controlling Party
The company's controlling party is
MB Lux
by virtue of her ownership of 56% of the issued share capital in the company.