Registered number
09996742
Cedrus Investments Limited
Filleted Accounts
31 March 2023
Cedrus Investments Limited
Registered number: 09996742
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 3,046,881 2,709,938
Current assets
Cash at bank and in hand 8,120 195,267
Creditors: amounts falling due within one year 4 (64,467) (65,009)
Net current (liabilities)/assets (56,347) 130,258
Total assets less current liabilities 2,990,534 2,840,196
Creditors: amounts falling due after more than one year 5 (2,514,860) (2,365,516)
Net assets 475,674 474,680
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 83,625 169,650
Profit and loss account 391,949 304,930
Shareholders' funds 475,674 474,680
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Davies
Director
Approved by the board on 4 September 2023
Cedrus Investments Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of investment income and realised gains on own funds.
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in the market valuations are reflected in the revaluation reserve.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Market valuation
At 1 April 2022 2,709,938
Additions 706,450
Revaluation (86,025)
Disposals (283,482)
At 31 March 2023 3,046,881
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other taxes and social security costs 173 191
Other creditors 64,294 64,818
64,467 65,009
5 Creditors: amounts falling due after one year 2023 2022
£ £
Loan from directors (see note 7 below) 2,514,860 2,365,516
6 Revaluation reserve 2023 2022
£ £
At 1 April 2022 169,650 147,530
(Loss)/gain on revaluation investments (86,025) 22,120
At 31 March 2023 83,625 169,650
7 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S & A Davies 2,365,516 149,344 - 2,514,860
2,365,516 149,344 - 2,514,860
8 Controlling party
The company is controlled by S Davies and A Davies on the basis that they, together with associates, hold 100% of the issued share capital.
9 Other information
Cedrus Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Pennyweights
Kenley
CR8 5HB
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