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Registered number: 14254903










CPD LAND AND PROPERTY LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CPD LAND AND PROPERTY LIMITED
REGISTERED NUMBER: 14254903

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Investment property
 5 
2,209,351
2,209,351

  
2,209,351
2,209,351

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
20,561
13,621

Cash at bank and in hand
 7 
27,646
29,555

  
48,207
43,176

Creditors: amounts falling due within one year
 8 
(1,524,186)
(2,216,079)

NET CURRENT LIABILITIES
  
 
 
(1,475,979)
 
 
(2,172,903)

  

NET ASSETS
  
733,372
36,448


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
733,272
36,348

  
733,372
36,448


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C P Doocey
Director

Date: 28 March 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
CPD LAND AND PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

The Company is a private company, limited by shares, incorporated in England and Wales and its registered office is:-
97 Bowesfield Lane
Stockton on Tees
TS28 3HF
The immediate and ultimate parent company is CPD Group Holdings Limited.

2.ACCOUNTING POLICIES

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The director, having made due and careful enquiry and preparing forecasts, is of the opinion that the Company, with the support of another group company, has adequate working capital to execute its operations over the next 12 months. The director, therefore, has made an informed judgement at the time of approving the financial statements that there is reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. As a result the director has continued to adopt the going concern basis of accounting in preparing the annual financial statements.

  
2.3

Revenue

Revenue represents rents receivable and is from a contract to provide services which is recognised in the period in which the services are provided.

 
2.4

Investment property

Investment property is carried at fair value reviewed by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2

 
CPD LAND AND PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


AUDITORS' REMUNERATION

During the year, the Company obtained the following services from the Company's auditors:


2024
2023
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
2,150
2,500

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.


4.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).

Page 3

 
CPD LAND AND PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


INVESTMENT PROPERTY


Freehold investment property

£



Valuation


At 1 July 2023
2,209,351



At 30 June 2024
2,209,351

The 2024 valuation is based on the purchase cost which the director considers is the open market for existing use value.







6.


DEBTORS

2024
2023
£
£


Trade debtors
3,566
13,521

Amounts owed by group undertakings
100
100

Other debtors
2,747
-

Prepayments and accrued income
14,148
-

20,561
13,621



7.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
27,646
29,555

27,646
29,555


Page 4

 
CPD LAND AND PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Other loans
400,000
400,000

Trade creditors
31,228
7,495

Amounts owed to group undertakings
1,072,756
1,794,093

Corporation tax
7,000
9,270

Other taxation and social security
6,689
-

Other creditors
257
-

Accruals and deferred income
6,256
5,221

1,524,186
2,216,079


The following liabilities were secured:

2024
2023
£
£



Other loan
300,000
300,000

300,000
300,000

Details of security provided:

Part of the other loan amounting to £300,000 is secured on the investment property.


9.


CAPITAL COMMITMENTS


At 30 June 2024 the Company had capital commitments as follows:

2024
2023
£
£


Contracted for but not provided in these financial statements
699,166
550,000

699,166
550,000


10.


PENSION COMMITMENTS

The Company contributes to a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £220 (2023: nil). Contributions were payable to the fund at the balance sheet of £257 (2023: nil).

Page 5

 
CPD LAND AND PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


RELATED PARTY TRANSACTIONS

The Company has taken advantage of the exemption from disclosing transactions with group companies on the grounds that the consolidated financial statements are publically available from Companies House, Crown Way, Maindy, Cardiff.


12.


CONTROLLING PARTY

The company's ultimate parent company is CPD Group Holdings Limited (address: 97 Bowesfield Lane, Stockton on Tees, TS18 3HF) a company incorporated in England and Wales.
The consolidated financial statements for the group are publicly available from Companies House, Crown Way, Maindy, Cardiff.


13.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 28 March 2025 by Paul Harrison MSc, BSc, FCA (senior statutory auditor) on behalf of Waltons Business Advisers Limited.

 
Page 6