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REGISTERED NUMBER: 10424317 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CODE GROUP HOLDINGS LIMITED

CODE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10424317)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Balance sheet 1

Notes to the financial statements 3


CODE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10424317)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investments 4 280 280
Investment property 5 790,326 790,326
790,606 790,606

Current assets
Debtors 6 566,967 483,730
Cash at bank 560,855 587,466
1,127,822 1,071,196
Creditors
Amounts falling due within one year 7 6,598 31,674
Net current assets 1,121,224 1,039,522
Total assets less current liabilities 1,911,830 1,830,128

Provisions for liabilities 8 5,900 5,900
Net assets 1,905,930 1,824,228

Capital and reserves
Called up share capital 9 560 560
Fair value reserve 10 17,701 17,701
Retained earnings 1,887,669 1,805,967
Shareholders' funds 1,905,930 1,824,228

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.

CODE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10424317)

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:




Mrs R Rowland - Director



Mr J Rowland - Director


CODE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10424317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. Statutory information

Code Group Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10424317. The registered office and business address is Unit 10 Old Forge Road, Ferndown Industrial Estate, Wimborne, Dorset, BH21 7RR.

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.

Turnover
Turnover represents rents received from the investment properties. Amounts received from investments, being dividends received from the subsidiary company, is shown within Other income.

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

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

CODE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10424317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 March 2023
and 29 February 2024 280
Net book value
At 29 February 2024 280
At 28 February 2023 280

5. Investment property
Total
£   
Fair value
At 1 March 2023
and 29 February 2024 790,326
Net book value
At 29 February 2024 790,326
At 28 February 2023 790,326

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2021 38,601
Valuation in 2022 (15,000 )
Cost 766,725
790,326

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 766,725 766,725

Investment property was valued on an open market basis basis on 29 February 2024 by the directors .

CODE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10424317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 19,000 9,000
Amounts owed by group undertakings 470,412 474,730
Directors' current accounts 77,555 -
566,967 483,730

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors - 600
Tax 6,028 5,281
Directors' current accounts - 25,253
Accruals and deferred income 570 540
6,598 31,674

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 5,900 5,900

Deferred
tax
£   
Balance at 1 March 2023 5,900
Balance at 29 February 2024 5,900

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary A £1 200 200
360 Ordinary B £1 360 360
560 560

10. Reserves
Fair
value
reserve
£   
At 1 March 2023
and 29 February 2024 17,701

CODE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10424317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mrs R Rowland
Balance outstanding at start of year - -
Amounts advanced 37,682 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,682 -

Mr J Rowland
Balance outstanding at start of year - -
Amounts advanced 39,873 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,873 -

12. Related party disclosures

During the year, the company entered into a residential tenancy agreement with the director Mr J Rowland on one of its properties. Rental income at market value recognised in the year as a result of this agreement totalled £18,000 (2023 - £18,000).

13. Ultimate controlling party

The company is under the control of the directors, Mr J & Mrs R Rowland, by virtue of their 100% holding of the issued share capital of the company.