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REGISTERED NUMBER: 12785006 (England and Wales)















Cedrus Property Group Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2023






Cedrus Property Group Limited (Registered number: 12785006)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Cedrus Property Group Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr M I Bhatti
Mrs N I Bhatti





REGISTERED OFFICE: 35 St Matthews Parade
Northampton
NN2 7HE





REGISTERED NUMBER: 12785006 (England and Wales)





ACCOUNTANTS: Vanmali & Co Ltd
Chartered Certified Accountants
25A High Street
Daventry
Northamptonshire
NN11 4BG

Cedrus Property Group Limited (Registered number: 12785006)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,780,938 -

CURRENT ASSETS
Debtors 55,225 21,825
Cash at bank 254,114 23,624
309,339 45,449
CREDITORS
Amounts falling due within one year 4,584,195 37,829
NET CURRENT (LIABILITIES)/ASSETS (4,274,856 ) 7,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

506,082

7,620

CREDITORS
Amounts falling due after more than one
year

5

430,552

-
NET ASSETS 75,530 7,620

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 75,430 7,520
SHAREHOLDERS' FUNDS 75,530 7,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Cedrus Property Group Limited (Registered number: 12785006)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 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 Board of Directors and authorised for issue on 19 December 2023 and were signed on its behalf by:





Mr M I Bhatti - Director


Cedrus Property Group Limited (Registered number: 12785006)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Cedrus Property Group 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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.

Land and buildings
Land and buildings are held as investment property and are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is recognized as profit or loss in the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

Cedrus Property Group Limited (Registered number: 12785006)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 4,781,048
At 31 March 2023 4,781,048
DEPRECIATION
Charge for year 110
At 31 March 2023 110
NET BOOK VALUE
At 31 March 2023 4,780,938

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 178,969 -

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr M I Bhatti
Balance outstanding at start of year - -
Amounts advanced 11,826 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,826 -

Mrs N I Bhatti
Balance outstanding at start of year - -
Amounts advanced 11,825 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,825 -

Director loan is subject to 5.5% interest.

Cedrus Property Group Limited (Registered number: 12785006)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. RELATED PARTY DISCLOSURES

The subsidiary's Holding Company Elsevier transferred Freehold Property of the value £4,780,500 at its book value, hence no profit or loss arising on the transaction.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Elsevier Group Ltd.

The immediate and ultimate parent undertaking is Elsevier Group Ltd, which is incorporated in England and Wales. The registered office of Elsevier Group Ltd is 69b Kettering Road, Northampton, NN14AW.