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REGISTERED NUMBER: 11738835 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CD LONDON PROPERTY INVESTMENTS LIMITED

CD LONDON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11738835)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CD LONDON PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr R R Pathman





REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL





REGISTERED NUMBER: 11738835 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

CD LONDON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11738835)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 501 748
Investments 5 434,425 431,881
Investment property 6 3,826,327 3,686,354
4,261,253 4,118,983

CURRENT ASSETS
Debtors 7 70,558 13,755
Cash at bank 198,304 408,860
268,862 422,615
CREDITORS
Amounts falling due within one year 8 (42,468 ) (87,889 )
NET CURRENT ASSETS 226,394 334,726
TOTAL ASSETS LESS CURRENT LIABILITIES 4,487,647 4,453,709

CREDITORS
Amounts falling due after more than one
year

9

(1,544,764

)

(1,424,110

)

PROVISIONS FOR LIABILITIES 11 (682,781 ) (647,152 )
NET ASSETS 2,260,102 2,382,447

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 2,260,002 2,382,347
SHAREHOLDERS' FUNDS 2,260,102 2,382,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

CD LONDON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11738835)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





Mr R R Pathman - Director


CD LONDON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11738835)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

CD London Property Investments 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.

2. ACCOUNTING POLICIES

Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents amount receivable for rent.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

CD LONDON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11738835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

CD LONDON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11738835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 2,299
DEPRECIATION
At 1 April 2023 1,551
Charge for year 247
At 31 March 2024 1,798
NET BOOK VALUE
At 31 March 2024 501
At 31 March 2023 748

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2023 431,881
Additions 2,544
At 31 March 2024 434,425
NET BOOK VALUE
At 31 March 2024 434,425
At 31 March 2023 431,881

CD LONDON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11738835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023 3,686,354
Revaluations 139,973
At 31 March 2024 3,826,327
NET BOOK VALUE
At 31 March 2024 3,826,327
At 31 March 2023 3,686,354

Investment properties which are freehold were valued on an open market basis at 31 March 2024 by the director. On historical cost basis the properties would have been disclosed at the original cost of £3,301,583 (2023: £3,301,583).


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,765 169
Other debtors 67,793 13,586
70,558 13,755

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 10) 247 594
Trade creditors 27,602 30,975
Taxation and social security - 39,980
Other creditors 14,619 16,340
42,468 87,889

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) 1,544,764 1,424,110

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs 1,049,985 -

CD LONDON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11738835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 247 594

Amounts falling due between one and two years:
Bank loan - 172,418
Bank loan 350,000 -
Bank loan 144,779 -
494,779 172,418

Amounts falling due between two and five years:
Bank loans - 2-5 years - 1,251,692

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs 1,049,985 -

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 682,781 647,152

Deferred
tax
£   
Balance at 1 April 2023 647,152
Charge to Income Statement during year 35,629
Balance at 31 March 2024 682,781

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary shares £1 100 100

CD LONDON PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11738835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


13. CONTROL

The ultimate parent company is CD London Holdings Limited, a company registered in England and Wales.

The ultimate controlling party, which remains unchanged from the prior year, is the director, R Pathman by virtue of his majority shareholding in CD London Holdings Limited.