CG(WBR2) LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13617027

CG(WBR2) LTD

Filleted Unaudited Financial Statements

30 September 2024

CG(WBR2) LTD

Statement of Financial Position

30 September 2024

	2024	2023
Note	£	£

Current assets

Stocks		15,642,368	10,865,180
Debtors	4	19,653	26,226
Cash at bank and in hand		1	41,420
		-------------	-------------
		15,662,022	10,932,826

Creditors: amounts falling due within one year	5	356,458	171,105
		-------------	-------------
Net current assets		15,305,564	10,761,721
		-------------	-------------
Total assets less current liabilities		15,305,564	10,761,721

Creditors: amounts falling due after more than one year	6	18,142,106	12,300,970
		-------------	-------------
Net liabilities		( 2,836,542)	( 1,539,249)
		-------------	-------------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 2,836,543)	( 1,539,250)
	------------	------------
Shareholders deficit	( 2,836,542)	( 1,539,249)
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CG(WBR2) LTD

Statement of Financial Position (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr C Brown

Director

Company registration number: 13617027

CG(WBR2) LTD

Notes to the Financial Statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4th Floor, 58-59 Great Marlborough Street, London, W1F 7JY, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Debtors

	2024	2023
	£	£
Other debtors	19,653	26,226
	--------	--------

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	11	–
Trade creditors	50,201	17,559
Other creditors	306,246	153,546
	---------	---------
	356,458	171,105
	---------	---------

6. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,552,360	1,552,999
Other creditors	16,589,746	10,747,971
	-------------	-------------
	18,142,106	12,300,970
	-------------	-------------

7. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr C Brown	100	18,470	18,570
	----	--------	--------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr C Brown	–	–	–
	----	----	----

8. Related party transactions

During the year fees of £314,150.00 for development and management were paid to CG Development Management Ltd, a company which is controlled by Mr C Brown and Mr R Mansoori. As at the year end a sum of £1,552,360.26 was owed to CG(WBR) Ltd and an interest charge of £155,299.93 was made by CG (WBR) Ltd which has been accrued. CG(WBR)Ltd is the sole shareholder of CG(WBR 2) Ltd.