Codemeal Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC272462

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,116,000		1,116,000

			1,116,000		1,116,000
CURRENT ASSETS
Debtors	5	-		62,170
Cash at bank and in hand		73,492		14,873

		73,492		77,043
Creditors: Amounts Falling Due Within One Year	6	(386,219 )		(381,570 )

NET CURRENT ASSETS (LIABILITIES)			(312,727 )		(304,527 )

TOTAL ASSETS LESS CURRENT LIABILITIES			803,273		811,473

Creditors: Amounts Falling Due After More Than One Year	7		(100,963 )		(130,064 )

NET ASSETS			702,310		681,409

CAPITAL AND RESERVES
Called up share capital	9		90		90
Fair value reserve	10		323,384		323,384
Profit and Loss Account			378,836		357,935

SHAREHOLDERS' FUNDS			702,310		681,409

Page 1

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Codemeal Limited

Balance Sheet (continued)

As At 25 February 2025

For the year ending 25 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 David Bruce Director	Mr Rizvan Aboobaker Director
17th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Codemeal Limited is a private company, limited by shares, incorporated in Scotland, registered number SC272462 . The registered office is 211a Albert Street, Dundee, Tayside, DD4 6QA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents all income generated from the company's principal activities.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees during the year was as follows: NIL (2024: NIL)

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 26 February 2024	1,116,000

As at 25 February 2025	1,116,000

Net Book Value
As at 25 February 2025	1,116,000

As at 26 February 2024	1,116,000

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Codemeal Limited

Notes to the Financial Statements (continued)

For The Year Ended 25 February 2025

Cost or valuation as at 25 February 2025 represented by:

	Investment Properties
	£
At valuation	1,116,000

	1,116,000

The investment properties were valued on a fair value basis on 29th August 2024 by the directors. The cost of these investment properties was £792,616 (2024 - £792,616).

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	-	62,170

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	41,516	41,338
Other creditors	329,486	329,899
Taxation and social security	15,217	10,333

	386,219	381,570

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	100,963	130,064

8. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	134,011		158,017

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Codemeal Limited

Notes to the Financial Statements (continued)

For The Year Ended 25 February 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	90	90

10. Reserves

	Fair Value Reserve
	£
As at 26 February 2024	323,384

As at 25 February 2025	323,384

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