Surf AccountsProduction v1.0.0 v1.0.0 2022-06-17 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is that of a holding company. 2 November 2023 0 14178762 2022-12-31 14178762 2022-06-16 14178762 2022-06-17 2022-12-31 14178762 uk-bus:PrivateLimitedCompanyLtd 2022-06-17 2022-12-31 14178762 uk-curr:PoundSterling 2022-06-17 2022-12-31 14178762 uk-bus:AbridgedAccounts 2022-06-17 2022-12-31 14178762 uk-bus:Director1 2022-06-17 2022-12-31 14178762 uk-bus:Director2 2022-06-17 2022-12-31 14178762 uk-bus:Director3 2022-06-17 2022-12-31 14178762 uk-bus:Director4 2022-06-17 2022-12-31 14178762 uk-bus:Director5 2022-06-17 2022-12-31 14178762 uk-bus:RegisteredOffice 2022-06-17 2022-12-31 14178762 uk-bus:Agent1 2022-06-17 2022-12-31 14178762 uk-core:ShareCapital 2022-12-31 14178762 uk-core:SharePremium 2022-12-31 14178762 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 14178762 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 14178762 uk-bus:FRS102 2022-06-17 2022-12-31 14178762 uk-bus:Audited 2022-06-17 2022-12-31 14178762 uk-core:AdditionsToInvestments 2022-12-31 14178762 uk-core:CostValuation 2022-12-31 14178762 uk-core:ParentEntities 2022-06-17 2022-12-31 14178762 uk-core:UltimateParent 2022-06-17 2022-12-31 14178762 2022-06-17 2022-12-31 xbrli:pure iso4217:GBP iso4217:EUR xbrli:shares
Company Registration Number: 14178762
 
 
FRO III Cedar Finco II Limited
 
ABRIDGED FINANCIAL STATEMENTS
 
for the financial period from 17 June 2022 (date of incorporation) to 31 December 2022
FRO III CEDAR FINCO II LIMITED
DIRECTORS AND OTHER INFORMATION

 
Directors Stephen Loftus (Appointed 17 June 2022)
Nicholas Fegan (Appointed 17 June 2022)
James Murphy (Appointed 17 June 2022)
Cyril Courbage (Appointed 17 June 2022)
Georgie Fast (Appointed 17 June 2022)
 
 
Company Registration Number 14178762
 
 
Registered Office and Business Address 7 Clarges Street, 4th Floor
London
United Kingdom
 
 
Independent Auditors Kieran Ryan & Co.
Chartered Accountants and Statutory Audit Firm
20 Upper Mount Street
Dublin 2
Republic of Ireland
 
   
Solicitors Birketts LLP
  106, Leadenhall Street,
  London
  United Kingdom
  EC3A4AA



FRO III CEDAR FINCO II LIMITED
Company Registration Number: 14178762
ABRIDGED BALANCE SHEET
as at 31 December 2022

Dec 22
Notes £
 
Fixed Assets
Investments 7 19,611,650
─────────
 
Current Assets
Debtors 2,099,400
Creditors: amounts falling due within one year (2,150,113)
─────────
Net Current Liabilities (50,713)
─────────
Total Assets less Current Liabilities 19,560,937
═════════
 
Capital and Reserves
Called up share capital 3
Share premium account 8 19,611,646
Retained earnings (50,712)
─────────
Equity attributable to owners of the company 19,560,937
═════════
 
The financial statements have been prepared 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).
       
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
       
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
       
Approved by the Board and authorised for issue on 2 November 2023 and signed on its behalf by
       
       
       
Stephen Loftus      
Director      
       
       
       
Nicholas Fegan
Director
       



FRO III CEDAR FINCO II LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 17 JUNE 2022 (DATE OF INCORPORATION) TO 31 DECEMBER 2022

   
1. General Information
 
FRO III Cedar Finco II Limited is a company limited by shares incorporated and registered in the United Kingdom. . The registered office of the company is 7 Clarges Street, 4th Floor, London, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 December 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Investments
Investments held as fixed assets are stated at cost, less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the financial period in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of Financial Statements
 
The financial statements are for the 6 month 15 days period from 17 June 2022 (date of incorporation) to 31 December 2022.
   
4. INFORMATION Relating to the Auditor's Report
 
The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
 
The financial statements were audited by Kieran Ryan & Co..
The Auditor's Report was signed by Jonathan Bennett (Senior Statutory Auditor) for and on behalf of Kieran Ryan & Co. on 2nd November 2023.
 
   
5. Provisions Available for Audits of Small Entities
 
In common with many other businesses of our size and nature, we use our auditors to prepare and submit tax returns to Her Majesty's Revenue and Customs and to assist with the preparation of the financial statements.
   
6. Statement on Previous Periods
 
The company did not present financial statements for previous periods.
     
7. Investments
  Group and
  participating
  interests/
  joint ventures
Investments £
Cost
Additions 19,611,650
  ─────────
At 31 December 2022 19,611,650
  ─────────
Net book value
At 31 December 2022 19,611,650
  ═════════
   
8. Reserves
 
Share Premium Reserve
 
The amount in share premium arose in 2022 from the issue of shares and the conversion of debt to equity.
 
     
9. Capital Commitments
 
The company had no material capital commitments at the financial period-ended 31 December 2022.
   
10. Parent and Ultimate Parent Company
 
The company regards FRO III Cedar Finco I Limited as its parent company.
 
The companys ultimate parent undertaking is FRO III Cedar Holdings LP.
The address of FRO III Cedar Holdings LP is Cayman Islands.

The parent of the largest group in which the results are consolidated is FRO III Cedar Finco I Limited.
FRO III Cedar Finco I Limited is registered in the United Kingdom.
 
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.
     
12. Guarantees and Charges
 
Situs Asset Management Limited
On 30 September 2022, Lorca Limited created a fixed and floating charge over any interests in freehold or leasehold properties and other assets owned now or subsequently by the company in favour of Situs Asset Management Limited in its capacity as security agent for and on behalf of itself and other Secured Parties, in relation to a loan advanced in 2022 by a bank to a group company.
     
13. Approval of Financial Statements
 
The financial statements were approved and authorised for issue by the board of directors on 2nd November 2023.