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Registered number: 05266843
Cadnant Properties Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05266843
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 5,409,303 5,403,840
5,409,303 5,403,840
CURRENT ASSETS
Debtors 5 248,784 190,480
Cash at bank and in hand 76,845 37,106
325,629 227,586
Creditors: Amounts Falling Due Within One Year 6 (371,457 ) (321,846 )
NET CURRENT ASSETS (LIABILITIES) (45,828 ) (94,260 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,363,475 5,309,580
Creditors: Amounts Falling Due After More Than One Year 7 (2,144,929 ) (2,274,367 )
NET ASSETS 3,218,546 3,035,213
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve (341,023 ) (341,023 )
Profit and Loss Account 3,559,568 3,376,235
SHAREHOLDERS' FUNDS 3,218,546 3,035,213
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A J Tavernor
Director
11 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cadnant Properties Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT. The policies adopted for the recognition of turnover are as follows:
Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.
Interest receivable
Interest income is recognised using the effective interest method is recognised as the company's right to receive payment is established.
2.3. Investment Properties
In the opinion of the director the investment property is included at an amount that accords to its fair value at the balance sheet date. Revaluation deficits are initially recognised in the profit and loss account before being transferred to the Revaluation reserve on the balance sheet.
A deferred tax asset has not been provided on the revaluation deficit as it is unlikely that any provision would be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.4. Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.5. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.6. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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Page 4
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 5,403,840
Additions 5,463
As at 31 December 2024 5,409,303
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 5,750,327 5,744,864
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 135,602 140,175
Prepayments and accrued income 20,313 19,964
Other debtors 92,869 30,341
248,784 190,480
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 125,034 123,880
Corporation tax 56,257 35,972
VAT 46,281 34,186
Other creditors 14,751 14,751
Accruals and deferred income 129,134 113,057
371,457 321,846
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 998,375 1,125,813
Other creditors 1,146,554 1,148,554
2,144,929 2,274,367
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 49,385 75,446
Page 4
Page 5
8. Secured Creditors
Bank loans are partly secured against the assets of the company and a charge against assets owned personally by the director.  Of the creditors the following amounts are secured:
2024 2023
£ £
Bank loans and overdrafts 1,123,409 1,249,693
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
Page 5