C & M Wealth Group Ltd

C & M Wealth Group Ltd

C & M WEALTH GROUP LTD - Company Information

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1 October 2022 false No description of principal activity Taxfiler 2024.3 07791061business:PrivateLimitedCompanyLtd2022-10-012023-09-30 077910612022-09-30 077910612022-10-012023-09-30 07791061business:AuditExempt-NoAccountantsReport2022-10-012023-09-30 07791061business:FilletedAccounts2022-10-012023-09-30 077910612023-09-30 077910612022-09-30 07791061core:WithinOneYear2023-09-30 07791061core:WithinOneYear2022-09-30 07791061core:AfterOneYear2023-09-30 07791061core:AfterOneYear2022-09-30 07791061core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 07791061core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 07791061core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 07791061core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 07791061core:PreviouslyStatedAmount2023-09-30 07791061core:PreviouslyStatedAmount2022-09-30 07791061business:SmallEntities2022-10-012023-09-30 07791061business:Director22022-10-012023-09-30 07791061countries:EnglandWales2022-10-012023-09-30 07791061business:RegisteredOffice2022-10-012023-09-30 07791061core:PlantMachinery2022-10-012023-09-30 07791061core:PlantMachinery2022-09-30 07791061core:PlantMachinery2023-09-30 077910612021-10-012022-09-30 iso4217:GBP xbrli:pure
Company Registration No. 07791061 (England and Wales)
C & M Wealth Group Ltd Unaudited accounts for the year ended 30 September 2023
C & M Wealth Group Ltd Unaudited accounts Contents
Page
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C & M Wealth Group Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
5
100 
100 
Current assets
Debtors
6
6,264,951 
780,539 
Cash at bank and in hand
- 
1,480,877 
6,264,951 
2,261,416 
Creditors: amounts falling due within one year
7
(5,990,804)
(1,978,577)
Net current assets
274,147 
282,839 
Total assets less current liabilities
274,247 
282,939 
Creditors: amounts falling due after more than one year
8
(36,224)
(42,433)
Net assets
238,023 
240,506 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
237,923 
240,406 
Shareholders' funds
238,023 
240,506 
For the year ending 30 September 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 14 June 2024 and were signed on its behalf by
Changfei Li Director Company Registration No. 07791061
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C & M Wealth Group Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
C & M Wealth Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 07791061. The registered office is 124 City Road, London, EC1V 2NX.
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 year, 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.
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%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
1,819 
At 30 September 2023
1,819 
Depreciation
At 1 October 2022
1,819 
At 30 September 2023
1,819 
Net book value
At 30 September 2023
- 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 October 2022
100 
Valuation at 30 September 2023
100 
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C & M Wealth Group Ltd Notes to the Accounts for the year ended 30 September 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
590,546 
590,546 
Amounts due from group undertakings etc.
5,670,941 
185,485 
Other debtors
3,464 
4,508 
6,264,951 
780,539 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
80 
Amounts owed to group undertakings and other participating interests
5,979,293 
1,966,767 
Taxes and social security
3,862 
3,862 
Other creditors
6,209 
6,212 
Accruals
1,440 
1,656 
5,990,804 
1,978,577 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
36,224 
42,433 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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