Silverfin false 31/12/2021 31/12/2021 01/01/2021 Mr D R Cavanagh 03/04/2020 Mr P Kaziewicz 20/01/2020 12 September 2022 The principal activity of the Company during the financial year was purchasing and selling shares in unit trusts. 12414945 2021-12-31 12414945 bus:Director1 2021-12-31 12414945 bus:Director2 2021-12-31 12414945 2020-12-31 12414945 core:CurrentFinancialInstruments 2021-12-31 12414945 core:CurrentFinancialInstruments 2020-12-31 12414945 core:ShareCapital 2021-12-31 12414945 core:ShareCapital 2020-12-31 12414945 core:RetainedEarningsAccumulatedLosses 2021-12-31 12414945 core:RetainedEarningsAccumulatedLosses 2020-12-31 12414945 core:CostValuation 2020-12-31 12414945 core:RevaluationsIncreaseDecreaseInInvestments 2021-12-31 12414945 core:CostValuation 2021-12-31 12414945 core:ProvisionsForImpairmentInvestments 2020-12-31 12414945 core:ProvisionsForImpairmentInvestments 2021-12-31 12414945 core:ImmediateParent core:CurrentFinancialInstruments 2021-12-31 12414945 core:ImmediateParent core:CurrentFinancialInstruments 2020-12-31 12414945 bus:OrdinaryShareClass1 2021-12-31 12414945 2021-01-01 2021-12-31 12414945 bus:FullAccounts 2021-01-01 2021-12-31 12414945 bus:SmallEntities 2021-01-01 2021-12-31 12414945 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 12414945 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 12414945 bus:Director1 2021-01-01 2021-12-31 12414945 bus:Director2 2021-01-01 2021-12-31 12414945 2020-01-01 2020-12-31 12414945 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 12414945 bus:OrdinaryShareClass1 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12414945 (England and Wales)

CAESAR SUBSIDIARY 3 LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar

CAESAR SUBSIDIARY 3 LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2021

Contents

CAESAR SUBSIDIARY 3 LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2021
CAESAR SUBSIDIARY 3 LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2021
DIRECTORS Mr D R Cavanagh
Mr P Kaziewicz
REGISTERED OFFICE One
Glass Wharf
Bristol
BS2 0ZX
United Kingdom
COMPANY NUMBER 12414945 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
CAESAR SUBSIDIARY 3 LIMITED

BALANCE SHEET

As at 31 December 2021
CAESAR SUBSIDIARY 3 LIMITED

BALANCE SHEET (continued)

As at 31 December 2021
Note 2021 2020
£ £
Fixed assets
Investments 3 1,179,482 1,172,810
1,179,482 1,172,810
Current assets
Cash at bank and in hand 1 1
1 1
Creditors
Amounts falling due within one year 4 ( 1,650,907) ( 1,655,931)
Net current liabilities (1,650,906) (1,655,930)
Total assets less current liabilities (471,424) (483,120)
Net liabilities ( 471,424) ( 483,120)
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account ( 471,425 ) ( 483,121 )
Total shareholder's deficit ( 471,424) ( 483,120)

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Caesar Subsidiary 3 Limited (registered number: 12414945) were approved and authorised for issue by the Board of Directors on 12 September 2022. They were signed on its behalf by:

Mr D R Cavanagh
Director
CAESAR SUBSIDIARY 3 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
CAESAR SUBSIDIARY 3 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Caesar Subsidiary 3 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is One, Glass Wharf, Bristol, BS2 0ZX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS 102.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £477,613. The Company is supported through loans from the Parent Company, Caementum Holdings Limited.

The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Bricklane Residential REIT Plc, the investment, is being wound down and the directors of Caesar Subsidiary 3 Limited expect to receive net asset value in return for the shares held. All dividends received from the investment company were paid to the parent company and will continue to be set against the loan balance due to the parent company.

Caesar Subsidiary 3 Limited will remain active until all of the shares in Bricklane Residential REIT Plc have been disposed to maximise shareholder return.

Turnover

Dividends in equity securities are recognised in income when receivable. Income from sale of listed investments are recognised instantly when shares are sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Investments
Investments in equity shares (which are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Listed investments Total
£ £
Carrying value before impairment
At 01 January 2021 1,172,810 1,172,810
Movement in fair value 6,672 6,672
At 31 December 2021 1,179,482 1,179,482
Provisions for impairment
At 01 January 2021 0 0
At 31 December 2021 0 0
Carrying value at 31 December 2021 1,179,482 1,179,482
Carrying value at 31 December 2020 1,172,810 1,172,810

The fair value of listed investments was determined with reference to the quoted market price at the reporting date.

4. Creditors: amounts falling due within one year

2021 2020
£ £
Amounts owed to Parent undertakings 1,647,592 1,652,781
Accruals 3,315 3,150
1,650,907 1,655,931

5. Called-up share capital

2021 2020
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

6. Related party transactions

The company has taken advantage of the exemption under FRS 102 not to disclose transactions between wholly owned group companies.

7. Ultimate controlling party

Parent Company:

Caementum Holdings Limited
Po Box 521, 9 Burrard Street, St Helier, Jersey, JE4 5UE.