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REGISTERED NUMBER: 10396249 (England and Wales)















CEDRUS STORAGE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






CEDRUS STORAGE LIMITED (REGISTERED NUMBER: 10396249)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024










Page

Abridged Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 4


CEDRUS STORAGE LIMITED (REGISTERED NUMBER: 10396249)

ABRIDGED BALANCE SHEET
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 7,166,696 7,166,696

CURRENT ASSETS
Debtors 152,642 716,288

CREDITORS
Amounts falling due within one year (7,839,035 ) (782,895 )
NET CURRENT LIABILITIES (7,686,393 ) (66,607 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(519,697

)

7,100,089

CREDITORS
Amounts falling due after more than one
year

-

(7,000,000

)
NET (LIABILITIES)/ASSETS (519,697 ) 100,089

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 99 99
Retained earnings (519,797 ) 99,989
(519,697 ) 100,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 STORAGE LIMITED (REGISTERED NUMBER: 10396249)

ABRIDGED BALANCE SHEET - continued
29 February 2024


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 Balance Sheet for the year ended 29 February 2024 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 13 November 2024 and were signed on its behalf by:




Mr M Charania - Director



Mr R Ranawat - Director


CEDRUS STORAGE LIMITED (REGISTERED NUMBER: 10396249)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024


1. STATUTORY INFORMATION

Cedrus Storage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10396249

Registered office: 37 Duke Street
(3rd Floor)
London
W1U 1LN

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

CEDRUS STORAGE LIMITED (REGISTERED NUMBER: 10396249)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024


4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 March 2023
and 29 February 2024 7,166,696
NET BOOK VALUE
At 29 February 2024 7,166,696
At 28 February 2023 7,166,696

5. SECURED DEBTS

The British Arab Commercial Bank Plc have fixed and floating charges over the company's assets.

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Creditors include loans from the directors totalling £495,000 (2023: £495,000). Maximum balance £495,000 (2023: 495,000). Interest is charged at 3% above base rate. Interest accrued and not paid amounted to £306,573 (2023: £266,973). The loans are unsecured with no fixed terms for repayment.

7. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings.