Cadeleigh Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04716527

Cadeleigh Estates Limited

Filleted Unaudited Financial Statements

31 December 2024

Cadeleigh Estates Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Cadeleigh Estates Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Cadeleigh Estates Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cadeleigh Estates Limited for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.

BROOKS & CO. Chartered Accountants

9 Cheam Road Ewell Epsom Surrey KT17 1SP

29 October 2025

Cadeleigh Estates Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	17,229,468	20,324,610
Investments	6	3,537,659	3,537,659
		-------------	-------------
		20,767,127	23,862,269

Current assets

Stocks		5,175,142	31,750
Debtors	7	4,056,969	3,018,930
Cash at bank and in hand		515,692	1,531,113
		------------	------------
		9,747,803	4,581,793

Creditors: amounts falling due within one year	8	14,500,750	14,371,644
		-------------	-------------
Net current liabilities		4,752,947	9,789,851
		-------------	-------------
Total assets less current liabilities		16,014,180	14,072,418

Provisions

Taxation including deferred tax	731,957	778,915
	-------------	-------------
Net assets	15,282,223	13,293,503
	-------------	-------------

Capital and reserves

Called up share capital	10,304	10,304
Share premium account	8,756,172	8,756,172
Profit and loss account	6,515,747	4,527,027
	-------------	-------------
Shareholders funds	15,282,223	13,293,503
	-------------	-------------

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 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 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 .

Cadeleigh Estates Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 October 2025 , and are signed on behalf of the board by:

Mr M Robinson

Director

Company registration number: 04716527

Cadeleigh Estates Limited

Notes to the Financial Statements

Year ended 31 December 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 West Barton, Little Silver, Cadeleigh, Tiverton, Surrey, EX16 8HJ.

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.

Investments

Investments are initially recorded at cost. In the event the directors consider that an investment is impaired a provision is made against the cost of that investment.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: The Investment Properties are measured at fair value using a methodology approved by the Registered Institute of Chartered Surveyors. This includes an assessment rent yields, open market value of rents receivable and site specific factors. The carrying amount of the investment property is shown in note 6 to the Financial Statements.

Revenue recognition

The turnover shown in the profit and loss account represents rent receivable during the period, excluding Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery	-	25% reducing balance
Farm land & buildings	-	Improvements over 10 years, bungalow over 50 years
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

The cannon has not been depreciated in the current year and no depreciation is expected to be charged for the foreseeable future .

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

5. Tangible assets

	Investment Properties	Plant and machinery	Farm land and buildings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2024	18,582,307	345,210	1,841,261	232,277	92,332	21,093,387
Additions	–	79,975	1,946,531	–	2,634	2,029,140
Disposals	( 5,007,074)	–	–	–	–	( 5,007,074)
	-------------	---------	------------	---------	--------	-------------
At 31 Dec 2024	13,575,233	425,185	3,787,792	232,277	94,966	18,115,453
	-------------	---------	------------	---------	--------	-------------
Depreciation
At 1 Jan 2024	–	292,541	288,143	127,648	60,445	768,777
Charge for the year	–	24,812	63,554	26,202	2,640	117,208
	-------------	---------	------------	---------	--------	-------------
At 31 Dec 2024	–	317,353	351,697	153,850	63,085	885,985
	-------------	---------	------------	---------	--------	-------------
Carrying amount
At 31 Dec 2024	13,575,233	107,832	3,436,095	78,427	31,881	17,229,468
	-------------	---------	------------	---------	--------	-------------
At 31 Dec 2023	18,582,307	52,669	1,553,118	104,629	31,887	20,324,610
	-------------	---------	------------	---------	--------	-------------

Investment property is revalued to its fair value at reporting date and any changes in fair value are recognised in profit or loss. The valuation is based on market yields, rent receivable and site specific factors.

6. Investments

	Shares in group undertakings	Shares in participating interests	Other investments other than loans	Total
	£	£	£	£
Cost
At 1 January 2024 and 31 December 2024	860,100	2,342,092	335,467	3,537,659
	---------	------------	---------	------------
Impairment
At 1 January 2024 and 31 December 2024	–	–	–	–
	---------	------------	---------	------------

Carrying amount
At 31 December 2024	860,100	2,342,092	335,467	3,537,659
	---------	------------	---------	------------
At 31 December 2023	860,100	2,342,092	335,467	3,537,659
	---------	------------	---------	------------

The company owns the issued share capital of the companies listed below:

	2024	2023
	£	£
Aggregate capital and reserves:
Warbleoak (unlimited) - 99% subsidiary (dormant)	2,510,434	2,510,434
D M Estates Ltd - 49% associated company	4,924,939	5,688,049
Regency Properties (Tadworth) Ltd - 49% associated company	6,890,357	7,083,329
Beaver Estates (Ashford) Investments Ltd - 49% through its holding company Regency Properties Ltd	5,451,336	7,173,104

	Profit/(Loss) for the year:

D M Estates Ltd - 49% associated company	(763,110)	2,536,136
Regency Properties (Tadworth) Ltd - 49% associated company	(192,972)	1,070,236
Beaver Estates (Ashford) Investments Ltd - 49% through its holding company Regency Properties Ltd	(1,721,768)	1,587,898

7. Debtors

	2024	2023
	£	£
Trade debtors	277,233	258,033
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,601,386	2,431,749
Other debtors	178,350	329,148
	------------	------------
	4,056,969	3,018,930
	------------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	134,693	263,599
Amounts owed to group undertakings and undertakings in which the company has a participating interest	6,733,370	7,571,239
Corporation tax	16,053	161,692
Social security and other taxes	32,757	29,713
Amounts owed to related parties	5,878,261	4,060,899
Other creditors	1,705,616	2,284,502
	-------------	-------------
	14,500,750	14,371,644
	-------------	-------------

9. Related party transactions

During the year Cadeleigh Estates Ltd received financing from and provided financing to its subsidiary and associated companies. The balances owing from/(to) related undertakings at the year end are shown below. There are no repayment terms in place and no interest is charged on the balances.

	2024	2023
	£	£
Warbleok (unlimited) - subsidiary (dormant)	(2,805,355)	(2,771,062)
Regency Properties (Tadworth) Ltd	552,554	552,554
Woodgavil Properties Ltd	2,676	2,676
Beaver Estates (Ashford) Investments Ltd	(3,928,015)	(4,800,176)
D M Estates Ltd	2,446,620	1,850,196
Sovereign Counties Ltd	(2,328,595)	(1,787,669)
Woodgavil Estates Ltd	(3,549,667)	(2,273,230)
Cadeleigh Properties Ltd	49,622	14,887
Cadeleigh Properties (Barnstaple) Ltd	538,478	–
West Barton Farm Limited	11,436	11,436