THE CATHEDRAL QUARTER COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Hurdis

Mr M P A Langsdale

Mr C L Bunting

Mr F G Cunningham

Dr C J Foster

Mr D N Jackson

Ms D J Jardine

Mr J L Marshall

Dr P J A Robinson

Mr J Wright

REGISTERED OFFICE:

2nd Floor

12 The Strand

Derby

Derbyshire

DE1 1BA

REGISTERED NUMBER:

06057365 (England and Wales)

AUDITORS:

Sibbalds Limited

Chartered Accountants and Statutory Auditor

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Tangible assets

4

2,802

2,624

CURRENT ASSETS

Debtors

5

49,702

47,001

Cash at bank and in hand

256,638

305,718

306,340

352,719

CREDITORS

Amounts falling due within one year

6

71,595

106,114

NET CURRENT ASSETS

234,745

246,605

TOTAL ASSETS LESS CURRENT LIABILITIES

237,547

249,229

RESERVES

Income and expenditure account

237,547

249,229

237,547

249,229

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 Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

Mr F G Cunningham - Director

1.	STATUTORY INFORMATION

The Cathedral Quarter Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

As at 28 February 2025 there were 18 (2024: 21) members of the company each of whom has undertaken to contribute an amount not exceeding £10 in the event of the company winding up.

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.

Significant judgements and estimates

Bad debts

During the current and previous financial year, bad debts in respect of BID levy income have been provided for based upon a percentage applied to the stage of recovery.

Accounts in credit

Accounts in credit arise when an annual BID levy invoice has been paid by a business but they have left the area part way through a year. During the current and previous financial year, accounts in credit are provided for on a sliding scale depending how far back the accounts in credit relates to.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company's main source of income is a levy on businesses in The Cathedral Quarter.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Going concern

The company made a deficit of £11,682 for the year ended 28th February 2025 (2024: surplus of £15,942).The Directors have prepared the accounts on a going concern basis which assumes that the company will continue to trade for the foreseeable future. The validity of the assumption is based on the directors' assessment of future cash forecasts and expected income projections.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2024

13,478

Additions

1,300

At 28 February 2025

14,778

DEPRECIATION

At 1 March 2024

10,854

Charge for year

1,122

At 28 February 2025

11,976

NET BOOK VALUE

At 28 February 2025

2,802

At 29 February 2024

2,624

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,409

10,388

Social security & other taxes

-

263

VAT

9,555

9,764

Prepayments

20,738

26,586

49,702

47,001

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

43,131

70,032

Social security and other taxes

1,574

-

Pension creditor

338

295

Other creditors

209

509

Accruals and deferred income

26,343

35,278

71,595

106,114

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hari Vasdev MEng FCA (Senior Statutory Auditor)

for and on behalf of Sibbalds Limited

8.	OTHER FINANCIAL COMMITMENTS

At the year end the company has financial commitments amounting to £2,995 (2024: 10,183).