Company registration number 01747063 (England and Wales)
CEDARBRANCH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
CEDARBRANCH LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
CEDARBRANCH LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
725,001
200,001
Current assets
Stocks
-
495,000
Debtors
6,140
400
Cash at bank and in hand
5,687
410
11,827
495,810
Creditors: amounts falling due within one year
(79,235)
(366,037)
Net current (liabilities)/assets
(67,408)
129,773
Total assets less current liabilities
657,593
329,774
Creditors: amounts falling due after more than one year
(319,957)
-
Provisions for liabilities
(47,500)
(40,000)
Net assets
290,136
289,774
Capital and reserves
Called up share capital
5
1,000
1,000
Revaluation reserve
6
142,500
120,000
Profit and loss reserves
146,636
168,774
Total equity
290,136
289,774
CEDARBRANCH LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 2 -

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 May 2025
Mr H Kaveh Baghbadrani
Director
Company registration number 01747063 (England and Wales)
CEDARBRANCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information

Cedarbranch Limited is a private company limited by shares incorporated in England and Wales. The registered office is 251-253 Wells Road, Malvern Wells, Malvern, Worcestershire, WR14 4JF.

1.1
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 at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The company had net current liabilities at the year end. The director has considered the working capital needs of the company for a period of greater than twelve months from the date of approval of these financial statements. The director concludes that he will be able to generate sufficient working capital funding through his own support and that of other companies that he controls to enable the company to continue to operate as a going concern. As a result, the director considers it appropriate to prepare these financial statements on the going concern basis of accounting.

1.3
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.

1.4
Stocks

Stocks are stated at the lower of cost and and net realisable value.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CEDARBRANCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised.

1.6
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Investment property
2024
£
Fair value
At 1 September 2023
200,001
Transfers
495,000
Revaluations
30,000
At 31 August 2024
725,001

The fair value of the investment properties has been arrived at on the basis of valuations carried out by the director at the balance sheet date. One of the investment properties was transferred from development property stock at market value during the year.

4
Loans and overdrafts
2024
2023
£
£
Bank loans
319,957
-
0
Payable after one year
319,957
-
0
CEDARBRANCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
4
Loans and overdrafts
(Continued)
- 5 -

The bank loan is secured by a fixed charge over the assets of the company.

5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
6
Revaluation reserve
2024
2023
£
£
At the beginning of the year
120,000
120,000
Transfer from retained earnings
22,500
-
At the end of the year
142,500
120,000
7
Related party transactions

Crystalight Limited

Parent company

The related party paid costs on behalf of this company on an arm's length basis. At the year end £76,838 (2023: £325,867) was due to the related party and is included in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

 

H Kaveh Baghbadrani

Shareholder and sole director of the company

At the year end there was a balance owing to the director of £nil (2023: £40,086). This debt was unsecured; no terms of interest or repayment have been agreed.

 

Ellingham House Flats Limited

Company under common control

The related party paid costs on behalf of this company on an arm's length basis. At the year end £84 (2023: £84) was due to the related party and is included in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

 

Mirkamali Limited

Company under common control

The related party borrowed money from this company on an arm's length basis. At the year end £20 (2023: £20) was due from the related party and is included in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

 

Abbey College in Malvern Limited

Company under common control

The related party borrowed money from this company on an arm's length basis. At the year end £4,120 (2023: £380) was due from the related party and is included in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

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