Company No: 13771001 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2024		30.11.2023
		£		£
Current assets
Stocks		1,984,108		1,969,792
Debtors	3	44,681		22,014
Cash at bank and in hand		4,790		2,730
		2,033,579		1,994,536
Creditors: amounts falling due within one year	4	( 2,217,915)		( 2,114,681)
Net current liabilities		(184,336)		(120,145)
Total assets less current liabilities		(184,336)		(120,145)
Net liabilities		( 184,336)		( 120,145)
Capital and reserves
Called-up share capital	5	3		3
Profit and loss account		( 184,339 )		( 120,148 )
Total shareholder's deficit		( 184,336)		( 120,145)

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Baltic House Development Cardiff Limited (registered number: 13771001) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

F Whitcomb Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Baltic House Development Cardiff Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Management Suite, Parc Tawe Retail Park, Swansea, SA1 2AL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they adopt the going concern basis in preparing the financial statements. The company is dependent on the support of its parent entity, which has confirmed its willingness to continue to provide support.

Reporting period length

During the period the entity changed its annual reference date from 30 November to 31 December. Consequently, the entity's reporting period is for the thirteen months ended 31 December 2024.

Stocks

Stock is stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Period from 01.12.2023 to 31.12.2024		Year ended 30.11.2023
	Number		Number
Monthly average number of persons employed by the Company during the year.	0		0

3. Debtors

	31.12.2024		30.11.2023
	£		£
Prepayments	42,897		19,581
VAT recoverable	1,784		2,433
	44,681		22,014

4. Creditors: amounts falling due within one year

	31.12.2024		30.11.2023
	£		£
Trade creditors	1,080		28,897
Amounts owed to Group undertakings	2,039,037		1,905,186
Amounts owed to directors	173,598		173,598
Accruals	4,200		7,000
	2,217,915		2,114,681

5. Called-up share capital

	31.12.2024		30.11.2023
	£		£
Allotted, called-up and fully-paid
2 Ordinary A shares of £ 1.00 each	2		2
1 Ordinary B share of £ 1.00	1		1
	3		3

6. Related party transactions

At the year end the company owed £1,996,537 (2023; £1,905,186) to its parent entity and £42,500 to its ultimate parent entity. The loans are interest free and repayable on demand.

7. Ultimate controlling party

Parent Company:

Centurion Tawe Limited

Management Suite, Parc Tawe, Swansea, Wales, SA1 2AL

With a effect from 31 December 2024 the ultimate parent company is Centurion Tawe Limited.