REGISTERED NUMBER: 02690774 (England and Wales)

CADMUS GROWTH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Chartered accountants' report

7

DIRECTOR:

Mr Jeremy Baker

REGISTERED OFFICE:

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

REGISTERED NUMBER:

02690774 (England and Wales)

ACCOUNTANTS:

Berringers LLP

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

FIXED ASSETS

Tangible assets

4

4,965

5,622

Investment property

5

1,400,000

1,316,921

1,404,965

1,322,543

CURRENT ASSETS

Debtors

6

5,452

8,652

Cash at bank

266,511

241,045

271,963

249,697

CREDITORS

Amounts falling due within one year

7

304,024

320,846

NET CURRENT LIABILITIES

(32,061

)

(71,149

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,372,904

1,251,394

CREDITORS

Amounts falling due after more than one year

8

915,435

802,935

NET ASSETS

457,469

448,459

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

9

229,218

229,218

Retained earnings

9

227,251

218,241

SHAREHOLDERS' FUNDS

457,469

448,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2025 and were signed by:

Mr Jeremy Baker - Director

1.	STATUTORY INFORMATION

Cadmus Growth Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the 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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2023

22,064

21,884

43,948

Additions

-

999

999

At 30 September 2024

22,064

22,883

44,947

DEPRECIATION

At 1 October 2023

18,417

19,909

38,326

Charge for year

912

744

1,656

At 30 September 2024

19,329

20,653

39,982

NET BOOK VALUE

At 30 September 2024

2,735

2,230

4,965

At 30 September 2023

3,647

1,975

5,622

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

1,316,921

Revaluations

83,079

At 30 September 2024

1,400,000

NET BOOK VALUE

At 30 September 2024

1,400,000

At 30 September 2023

1,316,921

Fair value at 30 September 2024 is represented by:

£

Valuation in 2020

77,445

Valuation in 2021

(30,000

)

Valuation in 2022

(83,206

)

Valuation in 2024

83,079

Cost

1,352,682

1,400,000

The investment property was valued by the director on 30 September 2024 on an open market basis.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

5,452

8,652

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

304,024

320,846

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

915,435

802,935

The loans are secured by way of a fixed charge on the investment properties at 27 Lang Court, High Street, London N8 7FG, 3 Chilcote Street, Barry CF63 1EZ and the long leasehold property at Flat 5104, Amory Tower, 203 Marsh Wall, London E14 9TW.

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 October 2023

218,241

229,218

447,459

Profit for the year

9,010

9,010

At 30 September 2024

227,251

229,218

456,469

Distributable reserves

Non- distributable reserve

Totals

£

£

£

At 1 October 2023

254,002

(35,761

)

218,241

Profit/(Loss) for the year

(74,069

)

83,079

9,010

At 30 September 2024

179,933

47,318

227,251

10.	CONTROL OF THE COMPANY

The company was controlled throughout the current and previous year by Mr J Baker, by virtue of his 99.9% holding of the ordinary shares of the company.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cadmus Growth Limited for the year ended 30 September 2024 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Cadmus Growth Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cadmus Growth Limited and state those matters that we have agreed to state to the director of Cadmus Growth Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cadmus Growth Limited and its director for our work or for this report.

It is your duty to ensure that Cadmus Growth Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cadmus Growth Limited. You consider that Cadmus Growth Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cadmus Growth Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Berringers LLP

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

27 August 2025