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REGISTERED NUMBER: 01747063 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CEDARBRANCH LIMITED

CEDARBRANCH LIMITED (REGISTERED NUMBER: 01747063)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


CEDARBRANCH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: H Kaveh Baghbadrani





REGISTERED OFFICE: 253 Wells Road
Malvern
Worcestershire
WR14 4JF





REGISTERED NUMBER: 01747063 (England and Wales)





ACCOUNTANTS: BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

CEDARBRANCH LIMITED (REGISTERED NUMBER: 01747063)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Investment property 4 200,001 40,001

CURRENT ASSETS
Stocks 495,000 39,999
Debtors 400 1,020
Cash at bank 410 97
495,810 41,116
CREDITORS
Amounts falling due within one year (366,037 ) (82,146 )
NET CURRENT ASSETS/(LIABILITIES) 129,773 (41,030 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,774

(1,029

)

PROVISIONS FOR LIABILITIES (40,000 ) -
NET ASSETS/(LIABILITIES) 289,774 (1,029 )

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Non-distributable reserve 6 120,000 -
Retained earnings 168,774 (2,029 )
SHAREHOLDERS' FUNDS 289,774 (1,029 )

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

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

The director acknowledges his 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.

CEDARBRANCH LIMITED (REGISTERED NUMBER: 01747063)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Statement of Financial Position for the year ended 31 August 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 director and authorised for issue on 9 August 2024 and were signed by:





H Kaveh Baghbadrani - Director


CEDARBRANCH LIMITED (REGISTERED NUMBER: 01747063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Cedarbranch 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. 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 as modified by the revaluation of certain assets.

Going concern
The company had net liabilities and net current liabilities at the year-end. The director has considered the working capital needs of the company for a period of greater than twelve months from the date of approval of these financial statements. The director concluded that they will be able to generate sufficient working capital funding through the support of themselves and other companies that they control to enable this company to operate as a going concern. As a result the director considers it appropriate to prepare these financial statements on the going concern basis of accounting.

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.

An amount equal to any upwards revaluation, net of the associated provision for deferred taxation, is transferred to a non-distributable reserve.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


CEDARBRANCH LIMITED (REGISTERED NUMBER: 01747063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 40,001
Revaluations 160,000
At 31 August 2023 200,001
NET BOOK VALUE
At 31 August 2023 200,001
At 31 August 2022 40,001

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 160,000
Cost 40,001
200,001

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1,000 Ordinary £1 £1 1,000 1,000

CEDARBRANCH LIMITED (REGISTERED NUMBER: 01747063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. RESERVES
Non-distributable
reserve
£   
Revaluation 160,000
Transfer between reserves (40,000 )

At 31 August 2023 120,000

7. RELATED PARTY DISCLOSURES

Watin Limited
Fellow subsidiary company
In a previous period, the related party purchased land from this company on an arm's length basis, which has been paid in full during the year. At the year end £nil (2022: £1,000) was due from the related party.

Crystalight Limited
Parent company
The related party paid costs on behalf of this company on an arm's length basis. At the year end £325,867 (2022: £41,926) was due to the related party and is included in 'amounts due to group undertakings' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

H Kaveh Baghbadrani
Shareholder and sole director of the company
The director has advanced further funds to the company to cover working capital. At the year end there was a balance owing to the director of £40,086 (2022: £40,086), which is included in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

Ellingham House Flats Limited
Company under common control
The related party paid costs on behalf of this company on an arm's length basis. At the year end £84 (2022: £134) was due to the related party and is included in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

Mirkamali Limited
Company under common control
The related party borrowed money from this company on an arm's length basis. At the year end £20 (2022: £20) was due from the related party and is included in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

Abbey College in Malvern Limited
Company under common control
The related party borrowed money from this company on an arm's length basis. At the year end £380 was due from the related party and is included in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.