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REGISTERED NUMBER: 12573449 (England and Wales)























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

CELADON ESTATES LIMITED

CELADON ESTATES LIMITED (REGISTERED NUMBER: 12573449)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CELADON ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr K W Leng
Mrs R Nijo





REGISTERED OFFICE: 39 Hendon Lane
Finchley
London
N3 1RY





REGISTERED NUMBER: 12573449 (England and Wales)





ACCOUNTANTS: Guner Associates
Chartered Accountants
39 Hendon Lane
Finchley
London
N3 1RY

CELADON ESTATES LIMITED (REGISTERED NUMBER: 12573449)

ABRIDGED BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 562,893 562,893

CURRENT ASSETS
Debtors 100 100
Cash at bank 1,024 36,534
1,124 36,634
CREDITORS
Amounts falling due within one year 267,144 309,952
NET CURRENT LIABILITIES (266,020 ) (273,318 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,873

289,575

CREDITORS
Amounts falling due after more than one year 6 292,297 292,297
NET ASSETS/(LIABILITIES) 4,576 (2,722 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 4,476 (2,822 )
SHAREHOLDERS' FUNDS 4,576 (2,722 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

CELADON ESTATES LIMITED (REGISTERED NUMBER: 12573449)

ABRIDGED BALANCE SHEET - continued
30 APRIL 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 30 April 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 15 April 2024 and were signed on its behalf by:





Mr K W Leng - Director


CELADON ESTATES LIMITED (REGISTERED NUMBER: 12573449)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Celadon Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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.

Going concern
The financial statements have been prepared on a going concern basis which is dependent upon the continued financial support of the directors. The directors have indicated their willingness to continue to provide such financial support as may be required to enable it to meet it's liabilities for at least 12 months following the date of approval of the financial statements and on this basis the directors have prepared the financial statements on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CELADON ESTATES LIMITED (REGISTERED NUMBER: 12573449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 562,893
NET BOOK VALUE
At 30 April 2023 562,893
At 30 April 2022 562,893

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 292,297 292,297

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 292,297 292,297

Loans are secured om investment properties.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2022 (2,822 )
Profit for the year 7,298
At 30 April 2023 4,476

10. RELATED PARTY DISCLOSURES

Mr K W Leng
Director and ultimate controlling party


2023 2022
£    £   
Amount due to related party at the balance sheet date 11,045 6,165

CELADON ESTATES LIMITED (REGISTERED NUMBER: 12573449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

10. RELATED PARTY DISCLOSURES - continued

Koukan Developments Limited

Parent undertaking


2023 2022
£    £   
Amount due to related party at the balance sheet date 251,822 300,521

11. ULTIMATE CONTROLLING PARTY

The controlling party is Koukan Developments Limited.

The ultimate controlling party is Mr K W Leng and Mrs R Nijo.