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Registered number: 10697837
Curtain Road Investments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
One Bean Limited
Chartered Accountants
Curtain Road Investments Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Curtain Road Investments Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 10697837

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 9,921 |  | 18,625
Investment Properties | 5 |  | 474,993 |  | 463,653
Investments | 6 |  | 938,143 |  | 476,369
|  |  | 1,423,057 |  | 958,647
CURRENT ASSETS
Debtors | 7 | 964,649 |  | - |
Cash at bank and in hand |  | 99,774 |  | 1,905,305 |
|  | 1,064,423 |  | 1,905,305 |
Creditors: Amounts Falling Due Within One Year | 8 | (13,417 ) |  | (333,244 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,051,006 |  | 1,572,061
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,474,063 |  | 2,530,708
PROVISIONS FOR LIABILITIES
Deferred Taxation | 9 |  | (4,822 ) |  | (4,938 )
NET ASSETS |  |  | 2,469,241 |  | 2,525,770
CAPITAL AND RESERVES
Called up share capital | 10 |  | 3 |  | 3
Revaluation reserve |  |  | 4,948 |  | 845
Profit and Loss Account |  |  | 2,464,290 |  | 2,524,922
SHAREHOLDERS' FUNDS |  |  | 2,469,241 |  | 2,525,770

Page 1
Page 2
Curtain Road Investments Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 D A Hamlin Director
15 October 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Curtain Road Investments Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Curtain Road Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10697837 . The registered office is Church Farm, Maris Lane, Trumpington, Cambridge, Cambridgeshire, CB2 9LG.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from investments, the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Investment income
Interest income generated from investing activities is recognised as it arises on an accruals basis by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.
Dividend income from fixed asset investments is recognised on a receipts basis.
Rental income generated from investment property leases is recognised on a straight line basis over the lease term.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% straight line basis

2.4. 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.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Curtain Road Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Fixed asset investments
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Unlisted investments are measured at cost less accumulated impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 April 2024 | 34,800
As at 31 March 2025 | 34,800
Depreciation
As at 1 April 2024 | 16,175
Provided during the period | 8,704
As at 31 March 2025 | 24,879
Net Book Value
As at 31 March 2025 | 9,921
As at 1 April 2024 | 18,625

Page 4
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Curtain Road Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 April 2024 | 463,653
Additions | 11,340
As at 31 March 2025 | 474,993

6. Investments

| Listed | Other | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 April 2024 | 177,301 | 299,068 | 476,369
Additions | 319,882 | 276,635 | 596,517
Disposals | (138,089 ) | - | (138,089 )
Revaluations | 3,346 | - | 3,346
As at 31 March 2025 | 362,440 | 575,703 | 938,143
Provision
As at 1 April 2024 | - | - | -
As at 31 March 2025 | - | - | -
Net Book Value
As at 31 March 2025 | 362,440 | 575,703 | 938,143
As at 1 April 2024 | 177,301 | 299,068 | 476,369

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 964,649 |  | -

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 2,640 |  | 222,812
Taxation and social security | 10,777 |  | 110,432
| 13,417 |  | 333,244

9. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Accelerated capital allowances | 3,173 |  | 4,656
Other timing differences | 1,649 |  | 282
| 4,822 |  | 4,938

Page 5
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Curtain Road Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 3 |  | 3

11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 April 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 March 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Dusan Hamlin | - | 962,605 | - | - | 962,605

The above loan is unsecured and repayable on demand. Interest is charged at the HMRC approved rate.
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr D Hamlin by virtue of his ownership of 100% of the issued share capital in the company.
Page 6