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REGISTERED NUMBER: 13795595 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CB23 LTD

CB23 LTD (REGISTERED NUMBER: 13795595)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CB23 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M Swinhoe
A Pechandova





REGISTERED OFFICE: 20 East Drive
Highfields
Caldecote
Cambridge
Cambridgeshire
CB23 7NZ





REGISTERED NUMBER: 13795595 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

CB23 LTD (REGISTERED NUMBER: 13795595)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 109,281 164,381
Investment property 6 403,591 403,591
512,872 567,972

CURRENT ASSETS
Stocks 1,748,297 1,225,897
Debtors 7 25,590 8,078
Cash at bank 65,944 45,535
1,839,831 1,279,510
CREDITORS
Amounts falling due within one year 8 (8,129 ) (15,809 )
NET CURRENT ASSETS 1,831,702 1,263,701
TOTAL ASSETS LESS CURRENT LIABILITIES 2,344,574 1,831,673

CREDITORS
Amounts falling due after more than one
year

9

(2,540,240

)

(1,941,076

)

PROVISIONS FOR LIABILITIES 10 (27,320 ) (107,015 )
NET LIABILITIES (222,986 ) (216,418 )

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings (223,986 ) (217,418 )
SHAREHOLDERS' FUNDS (222,986 ) (216,418 )

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

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

CB23 LTD (REGISTERED NUMBER: 13795595)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





M Swinhoe - Director


CB23 LTD (REGISTERED NUMBER: 13795595)

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

1. STATUTORY INFORMATION

CB23 LTD 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
At the balance sheet date current liabilities exceeded current assets by £227,786 (2023:£216,148).The financial statements have been prepared on a going concern basis as the company continues to receive the support of the director where required to ensure it meets all liabilities as they fall due.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rents receivable and net invoiced sales of vans excluding value added tax to the extent that there is a right to consideration and is recorded at the value of the consideration due. Income is recognised on an earned basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is held at market value.

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

Stocks
Stocks are valued at the lower of cost and net realisable value and represents property in the course of redevelopment.

CB23 LTD (REGISTERED NUMBER: 13795595)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 106,995 118,504 7,371 232,870
Additions 2,833 - 933 3,766
At 31 December 2024 109,828 118,504 8,304 236,636
DEPRECIATION
At 1 January 2024 32,998 34,251 1,240 68,489
Charge for year 27,242 29,626 1,998 58,866
At 31 December 2024 60,240 63,877 3,238 127,355
NET BOOK VALUE
At 31 December 2024 49,588 54,627 5,066 109,281
At 31 December 2023 73,997 84,253 6,131 164,381

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 403,591
NET BOOK VALUE
At 31 December 2024 403,591
At 31 December 2023 403,591

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 403,591

CB23 LTD (REGISTERED NUMBER: 13795595)

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

6. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 403,591 403,591

Investment property was valued on an fair value basis basis on 31 December 2024 by by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 25,590 8,078

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,206 14,302
Taxation and social security 923 507
Other creditors 1,000 1,000
8,129 15,809

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 2,540,240 1,941,076

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 27,320 107,015

Deferred
tax
£   
Balance at 1 January 2024 107,015
Credit to Profit and loss account during year (79,695 )
Balance at 31 December 2024 27,320

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 ea ch 1,000 1,000