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Registration number: 1667164

Cedarlarch Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Cedarlarch Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

Detailed Profit and Loss Account

8 to 9

 

Cedarlarch Limited

Company Information

Director

Mr Robert Andrew Hollidge

Registered office

Westdene
Mount Road
Woking
Surrey
GU22 0PY

Accountants

Rouse Accountants
Chartered Certified Accountants10 Ardmore Way
Guildford
Surrey
GU2 9RR

 

Cedarlarch Limited

(Registration number: 1667164)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

37,482

11,876

Creditors: Amounts falling due within one year

6

(68,249)

(67,889)

Total assets less current liabilities

 

(30,767)

(56,013)

Creditors: Amounts falling due after more than one year

6

(907,873)

(882,617)

Net liabilities

 

(938,640)

(938,630)

Capital and reserves

 

Called up share capital

7

3

3

Retained earnings

(938,643)

(938,633)

Shareholders' deficit

 

(938,640)

(938,630)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 June 2025
 

.........................................
Mr Robert Andrew Hollidge
Director

 

Cedarlarch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westdene
Mount Road
Woking
Surrey
GU22 0PY

These financial statements were authorised for issue by the director on 11 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Cedarlarch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25-33% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Cedarlarch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

20,979

20,979

At 30 September 2024

20,979

20,979

Depreciation

At 1 October 2023

20,979

20,979

At 30 September 2024

20,979

20,979

Carrying amount

At 30 September 2024

-

-

5

Investment properties

2024
£

The investment property was sold during the year

There has been no valuation of investment property by an independent valuer.

 

Cedarlarch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

28,210

28,210

Accruals and deferred income

36,610

36,250

Other creditors

3,429

3,429

68,249

67,889

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

907,873

882,617

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

3

3

3

3

       

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(181,167)

(181,167)

 

Cedarlarch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

907,873

882,617

10

Related party transactions

Summary of transactions with other related parties

World Spectrum Trading Ltd- company under same control. Amount owed by Cedarlarch to World Spectrum Trading Ltd at 30.9.24 was £136,869 (2023: £136,869)

 

Cedarlarch Limited

Detailed Profit and Loss Account for the Year Ended 30 September 2024

2024
 £

2023
 £

turnover

1,950

43,151

Cost of sales

-

(38,709)

Gross profit

1,950

4,442

Gross profit (%)

100%

10.29%

Administrative expenses

General administrative expenses

1,354

1,725

Finance charges

606

100

Other expenses

-

311,963

1,960

313,788

Operating loss

(10)

(309,346)

Interest payable and similar charges

-

(92,604)

Loss before tax

(10)

(401,950)

 

Cedarlarch Limited

Detailed Profit and Loss Account for the Year Ended 30 September 2024

2024
£

2023
£

   

Turnover

Rental income

1,950

43,151

   

Cost of sales

Direct costs

-

38,709

   

General administrative expenses

Telephone and fax

994

975

Accountancy fees

360

750

1,354

1,725

   

Finance charges

Bank charges

606

100

   

Other expenses

Gain/(loss) from investment property

-

(311,963)

   

Interest payable and similar expenses

Other loan interest

-

92,604