Codicote Finance Limited 30/06/2025 iXBRL

Company registration number: 05469549

Codicote Finance Limited

Unaudited filleted financial statements

30 June 2025

Codicote Finance Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Codicote Finance Limited

Directors and other information


	Directors	Mr J R Grant
		Mrs C A Grant
		Mr A D Samuels


	Secretary	Mr J R Grant


	Company number	05469549


	Registered office	14 The Ridgeway
		Codicote
		Hitchin
		SG4 8YP


	Accountants	Hicks and Company
		Chartered Accountants
		Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE

Codicote Finance Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Codicote Finance Limited

Year ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Codicote Finance Limited for the year ended 30 June 2025 which comprise the statement of financial position and 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 http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Codicote Finance Limited, as a body, in accordance with the terms of our engagement letter dated 25 May 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Codicote Finance Limited and state those matters that we have agreed to state to the board of directors of Codicote Finance Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Codicote Finance Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Codicote Finance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Codicote Finance Limited. You consider that Codicote Finance Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Codicote Finance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

AL5 4EE

4 November 2025

Codicote Finance Limited

Statement of financial position

30 June 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	1,105		487
		_______		_______
			1,105		487

Current assets
Debtors	6	327,601		241,778
Cash at bank and in hand		55,709		28,994
		_______		_______
		383,310		270,772
Creditors: amounts falling due
within one year	7	( 168,839)		( 64,991)
		_______		_______
Net current assets			214,471		205,781
			_______		_______
Total assets less current liabilities			215,576		206,268


Provisions for liabilities			( 210)		( 100)

			_______		_______
Net assets			215,366		206,168
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			214,366		205,168
			_______		_______
Shareholders funds			215,366		206,168
			_______		_______

For the year ending 30 June 2025 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.

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.

These financial statements were approved by the board of directors and authorised for issue on 04 November 2025 , and are signed on behalf of the board by:

Mr J R Grant

Director

Company registration number: 05469549

Codicote Finance Limited

Notes to the financial statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 The Ridgeway, Codicote, Hitchin, SG4 8YP.

2. Statement of compliance

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.

Taxation

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in the Income Statement, 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 the 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.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts is recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:


Fittings fixtures and equipment	-	4 years straight line
Computer equipment	-	2 years straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised retrospectively to reflect the new estimates.

Impairment

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.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Fixtures, fittings and equipment	Computer equipment	Total
	£	£	£
Cost
At 1 July 2024	653	1,902	2,555
Additions	614	499	1,113
	_______	_______	_______
At 30 June 2025	1,267	2,401	3,668
	_______	_______	_______
Depreciation
At 1 July 2024	653	1,415	2,068
Charge for the year	8	487	495
	_______	_______	_______
At 30 June 2025	661	1,902	2,563
	_______	_______	_______
Carrying amount
At 30 June 2025	606	499	1,105
	_______	_______	_______
At 30 June 2024	-	487	487
	_______	_______	_______

6. Debtors

	2025	2024
	£	£

Trade debtors	327,601	241,778
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£

Trade creditors	1,371	5,013
Corporation tax	2,257	2,438
Other creditors	165,211	57,540
	_______	_______
	168,839	64,991
	_______	_______

8. Directors advances, credits and guarantees

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

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£

	Mr J R Grant	( 44,789)	( 100,734)	( 145,523)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£

	Mr J R Grant	( 44,789)	-	( 44,789)
		_______	_______	_______

9. Related party transactions

Other creditors include loans of £12,196 (2024: £11,347) due to parties, who are related to the directors at the balance sheet date.B.M. Samuels Finance Group Ltd - A company in which Mr A D Samuels has an interest charged the company £6,352 (2024: £5,013) for management fees and this amount was outstanding at the balance sheet date, and is included in other creditors.