REGISTERED NUMBER: 11125745 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CAVENIA INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Jackson

G Jackson

SECRETARIES:

Mr S Jackson

G Jackson

REGISTERED OFFICE:

55 Loudoun Road

St. John'S Wood

London

NW8 0DL

REGISTERED NUMBER:

11125745 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

28,083

40,504

Investments

5

118

118

Investment property

6

18,147,996

16,441,671

18,176,197

16,482,293

CURRENT ASSETS

Debtors

7

3,656,510

1,789,336

Cash at bank

102,364

1,230,997

3,758,874

3,020,333

CREDITORS

Amounts falling due within one year

8

(12,766,822

)

(12,186,251

)

NET CURRENT LIABILITIES

(9,007,948

)

(9,165,918

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,168,249

7,316,375

CREDITORS

Amounts falling due after more than one year

9

(5,298,230

)

(5,240,149

)

PROVISIONS FOR LIABILITIES

11

(535,902

)

(415,655

)

NET ASSETS

3,334,117

1,660,571

CAPITAL AND RESERVES

Called up share capital

12

2

2

Retained earnings

3,334,115

1,660,569

SHAREHOLDERS' FUNDS

3,334,117

1,660,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr S Jackson - Director

1.	STATUTORY INFORMATION

Cavenia Investments 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 FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in euros which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest €.

The financial statements for the previous accounting period were prepared in sterling rounded to the nearest £ but have been translated at the relevant rate in the current set of accounts.

The reason for this change is the switch of the majority of transactions occurring in euros. The directors consider that the functional currency of the company is now euros since the majority of transactions are conducted in euros and most of the company's assets are held in the eurozone.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the rent and recharged costs received or receivable, and is shown net of VAT.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Investments in subsidiaries

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit or loss account.

Foreign currencies

Transactions in currencies other than euros are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

€

COST

At 1 January 2024

50,343

Disposals

(9,600

)

At 31 December 2024

40,743

DEPRECIATION

At 1 January 2024

9,839

Charge for year

3,218

Eliminated on disposal

(397

)

At 31 December 2024

12,660

NET BOOK VALUE

At 31 December 2024

28,083

At 31 December 2023

40,504

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

€

COST

At 1 January 2024

and 31 December 2024

118

NET BOOK VALUE

At 31 December 2024

118

At 31 December 2023

118

The fixed asset investment of £100 has been translated into the new functional currency, using the exchange rate on the date the asset was acquired.

6.	INVESTMENT PROPERTY

Total

€

FAIR VALUE

At 1 January 2024

16,441,671

Additions

687,129

Fair value adjustments

1,019,196

At 31 December 2024

18,147,996

NET BOOK VALUE

At 31 December 2024

18,147,996

At 31 December 2023

16,441,671

Fair value at 31 December 2024 is represented by:

€

Valuation in 2024

18,147,996

The valuation of the investment property was made as at 31 December 2024 by the directors of the company on an open market basis. No depreciation is provided in respect of the property.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

€

€

Trade debtors

126,667

-

Amounts owed by group undertakings

3,331,415

1,712,900

Other debtors

198,428

76,436

3,656,510

1,789,336

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

€

€

Taxation and social security

48,518

103,652

Other creditors

12,718,304

12,082,599

12,766,822

12,186,251

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

€

€

Bank loans (see note 10)

5,298,230

5,240,149

The bank loans are secured by fixed and floating charges on the company's assets.

10.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

€

€

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,298,230

5,240,149

11.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

€

€

Deferred tax

535,902

415,655

Deferred

tax

€

Balance at 1 January 2024

415,655

Provided during year

120,247

Balance at 31 December 2024

535,902

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

€

€

2

Ordinary shares

£1

2

2