Silverfin false false 31/03/2024 22/02/2023 31/03/2024 R J Goring 22/02/2023 10 March 2025 The principal activity of the Company during the financial period was that of biodiversity net gain. 14681168 2024-03-31 14681168 bus:Director1 2024-03-31 14681168 core:CurrentFinancialInstruments 2024-03-31 14681168 core:ShareCapital 2024-03-31 14681168 core:RetainedEarningsAccumulatedLosses 2024-03-31 14681168 core:InvestmentPropertyIncludedWithinPPE 2023-02-21 14681168 core:ConstructionInProgressAssetsUnderConstruction 2023-02-21 14681168 2023-02-21 14681168 core:InvestmentPropertyIncludedWithinPPE 2024-03-31 14681168 core:ConstructionInProgressAssetsUnderConstruction 2024-03-31 14681168 2023-02-22 2024-03-31 14681168 bus:FilletedAccounts 2023-02-22 2024-03-31 14681168 bus:SmallEntities 2023-02-22 2024-03-31 14681168 bus:AuditExemptWithAccountantsReport 2023-02-22 2024-03-31 14681168 bus:PrivateLimitedCompanyLtd 2023-02-22 2024-03-31 14681168 bus:Director1 2023-02-22 2024-03-31 14681168 core:InvestmentPropertyIncludedWithinPPE 2023-02-22 2024-03-31 14681168 core:ConstructionInProgressAssetsUnderConstruction 2023-02-22 2024-03-31 iso4217:GBP xbrli:pure

Company No: 14681168 (England and Wales)

CG 1801 LTD

Unaudited Financial Statements
For the financial period from 22 February 2023 to 31 March 2024
Pages for filing with the registrar

CG 1801 LTD

Unaudited Financial Statements

For the financial period from 22 February 2023 to 31 March 2024

Contents

CG 1801 LTD

COMPANY INFORMATION

For the financial period from 22 February 2023 to 31 March 2024
CG 1801 LTD

COMPANY INFORMATION (continued)

For the financial period from 22 February 2023 to 31 March 2024
DIRECTOR R J Goring (Appointed 22 February 2023)
REGISTERED OFFICE Wiston Estate Office Steyning Road
Wiston
Steyning
BN44 3DD
United Kingdom
COMPANY NUMBER 14681168 (England and Wales)
ACCOUNTANT Evelyn Partners LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
CG 1801 LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
CG 1801 LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Tangible assets 3 457,060
457,060
Current assets
Debtors 4 1,199
Cash at bank and in hand 1,674,722
1,675,921
Creditors: amounts falling due within one year 5 ( 2,252,219)
Net current liabilities (576,298)
Total assets less current liabilities (119,238)
Net liabilities ( 119,238)
Capital and reserves
Called-up share capital 100
Profit and loss account ( 119,338 )
Total shareholders' deficit ( 119,238)

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of CG 1801 Ltd (registered number: 14681168) were approved and authorised for issue by the Director on 10 March 2025. They were signed on its behalf by:

R J Goring
Director
CG 1801 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 22 February 2023 to 31 March 2024
CG 1801 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 22 February 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

CG 1801 Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House, Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of CG 1801 Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

The Company was incorporated on 22nd February 2023 and commenced trading at this date.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:

Biodiversity net gain income is recognised on a straight line basis over the life of the agreement. When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property not depreciated
Assets under construction not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

Period from
22.02.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Tangible assets

Investment property Assets under construc-
tion
Total
£ £ £
Cost
At 22 February 2023 0 0 0
Additions 379,769 77,291 457,060
At 31 March 2024 379,769 77,291 457,060
Accumulated depreciation
At 22 February 2023 0 0 0
At 31 March 2024 0 0 0
Net book value
At 31 March 2024 379,769 77,291 457,060

4. Debtors

31.03.2024
£
Prepayments 1,099
Other debtors 100
1,199

5. Creditors: amounts falling due within one year

31.03.2024
£
Trade creditors 128,961
Accruals and deferred income 2,050,125
Other taxation and social security 73,133
2,252,219

6. Related party transactions

The Company is a tenant of the Biodiversity areas owned by the Director. A rent is charged to the Company, which totalled £5,105 in the financial period.

At the end of the financial period, the Company owed £108,819 to the director.