CMG UK Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10242846 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

CMG UK PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P T Adams

REGISTERED OFFICE:

92 Station Lane

Hornchurch

Essex

RM12 6LX

BUSINESS ADDRESS:

Tanglewood

Thorndon Approach

Herongate

Brentwood

Essex

CM13 3PA

REGISTERED NUMBER:

10242846 (England and Wales)

ACCOUNTANTS:

S D Garner + Co.

Chartered Certified Accountants

92 Station Lane

Hornchurch

Essex

RM12 6LX

FIXED ASSETS

Tangible assets

4

6,752

12,927

Investment property

5

960,306

596,383

967,058

609,310

CURRENT ASSETS

Debtors

1,035

3,285

Cash at bank

2,757,559

1,434,110

2,758,594

1,437,395

CREDITORS

Amounts falling due within one year

1,128,460

931,336

NET CURRENT ASSETS

1,630,134

506,059

TOTAL ASSETS LESS CURRENT LIABILITIES

2,597,192

1,115,369

PROVISIONS FOR LIABILITIES

1,283

2,456

NET ASSETS

2,595,909

1,112,913

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,595,908

1,112,912

2,595,909

1,112,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 14 January 2019 and were signed by:

Mr P T Adams - Director

1.	STATUTORY INFORMATION

CMG UK Properties 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2017

19,391

Additions

433

At 30 June 2018

19,824

DEPRECIATION

At 1 July 2017

6,464

Charge for year

6,608

At 30 June 2018

13,072

NET BOOK VALUE

At 30 June 2018

6,752

At 30 June 2017

12,927

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2017

596,383

Additions

363,923

At 30 June 2018

960,306

NET BOOK VALUE

At 30 June 2018

960,306

At 30 June 2017

596,383

6.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had financial commitments of £1,558,996 in respect of the acquisition of

investment properties.

M Developments Ltd hold charges on unit 4-04 and unit 4-14 Adelphi Wharf, Phase 3 Adelphi Street, Salford

and Silkhouse Court Ltd hold a charge on Unit 503 Silkhouse Court, Liverpool.