2023-02-012024-01-312024-01-31false12888389CEDAR GB (SW) 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CEDAR GB (SW) LIMITED

Registered Number
12888389
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

CEDAR GB (SW) LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

GITTINS, Mark

Registered Address

128 City Road
London
EC1V 2NX

Registered Number

12888389 (England and Wales)
CEDAR GB (SW) LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3665,000440,919
665,000440,919
Current assets
Cash at bank and on hand6,2296,955
6,2296,955
Creditors amounts falling due within one year4(227,525)(47,528)
Net current assets (liabilities)(221,296)(40,573)
Total assets less current liabilities443,704400,346
Creditors amounts falling due after one year5(305,379)(376,718)
Net assets138,32523,628
Capital and reserves
Called up share capital2020
Revaluation reserve118,85114,091
Profit and loss account19,4549,517
Shareholders' funds7138,32523,628
The financial statements were approved and authorised for issue by the Director on 28 October 2024, and are signed on its behalf by:
GITTINS, Mark
Director
Registered Company No. 12888389
CEDAR GB (SW) LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year11
3.Investment property

£
Fair value at 01 February 23440,919
Additions119,321
Fair value adjustments104,760
At 31 January 24665,000
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-98
Amounts owed to related parties226,15543,504
Taxation and social security-2,505
Accrued liabilities and deferred income1,3701,421
Total227,52547,528
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts305,379376,718
Total305,379376,718
6.Secured creditors
Secured bank loans totaling £305,379 (2023: £376,718) are included within creditors.
7.Revaluation reserve

£
Reserve at 01 February 2314,091
Revaluations of plant, property and equipment104,760
At 31 January 24118,851
8.Controlling party
The controlling party is Cedar (GB) Group Limited.