Registered number
11607018
Codenest Estate Ltd
Unaudited Filleted Accounts
5 April 2025
Codenest Estate Ltd
Registered number: 11607018
Balance Sheet
as at 5 April 2025
Notes 2025 2024
£ £
Fixed assets
Investments 3 590,000 1,350,000
Current assets
Debtors 4 12,698 100
Cash at bank and in hand 7,336 894
20,034 994
Creditors: amounts falling due within one year 5 (558,743) (731,430)
Net current liabilities (538,709) (730,436)
Total assets less current liabilities 51,291 619,564
Creditors: amounts falling due after more than one year 6 (169,730) (527,981)
Provisions for liabilities - (22,820)
Net (liabilities)/assets (118,439) 68,763
Capital and reserves
Called up share capital 100 100
Profit and loss account (118,539) 68,663
Shareholder's funds (118,439) 68,763
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. Rana
Director
Approved by the board on 16 July 2025
Codenest Estate Ltd
Notes to the Accounts
for the year ended 5 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Income from property letting is measured at the fair value of the consideration received or receivable, net of discounts.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 6 April 2024 1,350,000
Revaluation (210,000)
Disposals (550,000)
At 5 April 2025 590,000
Historical cost
At 6 April 2024 1,240,396
At 5 April 2025 634,478
The properties have been revalued by the director using the sale price of similar properties in the area as a guide.
4 Debtors 2025 2024
£ £
Trade debtors 9,955 -
Deferred tax asset 2,643 -
Other debtors 100 100
12,698 100
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 558,743 731,430
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 169,730 527,981
7 Loans 2025 2024
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 169,730 527,981
Secured bank loans 527,981 527,981
Security comprises mortgages over residential property.
8 Related party transactions
A loan of £545,239 [2024: £718,472] has been made by a related company. The loan is interest free and repayable on demand.
9 Other information
Codenest Estate Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Clearways Accountants
Clearways
Colley Way
Reigate
RH2 9JH
Codenest Estate Ltd 11607018 false 2024-04-06 2025-04-05 2025-04-05 VT Final Accounts April 2025 A. Rana No description of principal activity 11607018 2023-04-06 2024-04-05 11607018 core:WithinOneYear 2024-04-05 11607018 core:AfterOneYear 2024-04-05 11607018 core:ShareCapital 2024-04-05 11607018 core:RetainedEarningsAccumulatedLosses 2024-04-05 11607018 2024-04-06 2025-04-05 11607018 bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 11607018 bus:AuditExemptWithAccountantsReport 2024-04-06 2025-04-05 11607018 bus:Director40 2024-04-06 2025-04-05 11607018 1 2024-04-06 2025-04-05 11607018 2 2024-04-06 2025-04-05 11607018 countries:England 2024-04-06 2025-04-05 11607018 bus:FRS102 2024-04-06 2025-04-05 11607018 bus:FilletedAccounts 2024-04-06 2025-04-05 11607018 2025-04-05 11607018 core:WithinOneYear 2025-04-05 11607018 core:AfterOneYear 2025-04-05 11607018 core:ShareCapital 2025-04-05 11607018 core:RetainedEarningsAccumulatedLosses 2025-04-05 11607018 core:RevaluationsIncreaseDecreaseInInvestments 2025-04-05 11607018 core:DisposalsRepaymentsInvestments 2025-04-05 11607018 2024-04-05 iso4217:GBP xbrli:pure