CADOGAN PIER LIMITED

Company Registration Number:
03149360 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

CADOGAN PIER LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

CADOGAN PIER LIMITED

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 43,066,424 40,744,065
Tangible assets: 4 50,550 74,197
Total fixed assets: 43,116,974 40,818,262
Current assets
Debtors:   2,427,556 1,336,197
Cash at bank and in hand: 833 3,508
Total current assets: 2,428,389 1,339,705
Creditors: amounts falling due within one year:   (1,740,840) (751,966)
Net current assets (liabilities): 687,549 587,739
Total assets less current liabilities: 43,804,523 41,406,001
Creditors: amounts falling due after more than one year:   (4,054,233) (4,609,873)
Provision for liabilities: (10,468,199) (9,635,885)
Total net assets (liabilities): 29,282,091 27,160,243
Capital and reserves
Called up share capital: 2,000 2,000
Revaluation reserve:530,669,08828,907,657
Profit and loss account: (1,388,997) (1,749,414)
Shareholders funds: 29,282,091 27,160,243

The notes form part of these financial statements

CADOGAN PIER LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 November 2024
and signed on behalf of the board by:

Name: Andrew Moffat
Status: Director

The notes form part of these financial statements

CADOGAN PIER LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided on the following basis: Long-term leasehold property - Over the term of the 150 year lease Plant and machinery - 25% Fixtures& fittings - 25% Computer equipment - 25% Other fixed assets - 10-25 years

Intangible fixed assets and amortisation policy

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market. Revaluations are made with sufficient reqularity to ensure that the carrying amount doe not differ materially from that which would determined using fair value at the end of the reporting date. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is higher of its fair value less costs to sell and its fair value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

CADOGAN PIER LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

The average number of employees includes directors.

CADOGAN PIER LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Intangible Assets

Total
Cost £
At 01 October 2022 41,039,172
Revaluations 2,348,574
At 30 September 2023 43,387,746
Amortisation
At 01 October 2022 295,107
Charge for year 26,215
At 30 September 2023 321,322
Net book value
At 30 September 2023 43,066,424
At 30 September 2022 40,744,065

CADOGAN PIER LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Tangible Assets

Total
Cost £
At 01 October 2022 805,569
Additions 3,500
At 30 September 2023 809,069
Depreciation
At 01 October 2022 731,372
Charge for year 27,147
At 30 September 2023 758,519
Net book value
At 30 September 2023 50,550
At 30 September 2022 74,197

CADOGAN PIER LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Revaluation reserve

2023
£
Balance at 01 October 2022 28,907,657
Surplus or deficit after revaluation 1,761,431
Balance at 30 September 2023 30,669,088