Candlelight Property Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03839081

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		304,449		281,932
Investment Properties	5		9,085,344		9,085,344

			9,389,793		9,367,276
CURRENT ASSETS
Debtors	6	2,732,676		2,570,543
Cash at bank and in hand		11,226		147,560

		2,743,902		2,718,103
Creditors: Amounts Falling Due Within One Year	7	(1,593,331 )		(1,401,749 )

NET CURRENT ASSETS (LIABILITIES)			1,150,571		1,316,354

TOTAL ASSETS LESS CURRENT LIABILITIES			10,540,364		10,683,630

Creditors: Amounts Falling Due After More Than One Year	8		(7,822,641 )		(7,941,716 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(783,952 )		(783,952 )

NET ASSETS			1,933,771		1,957,962

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			1,933,671		1,957,862

SHAREHOLDERS' FUNDS			1,933,771		1,957,962

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Candlelight Property 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Robert Simpson

Director

11/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Candlelight Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03839081 . The registered office is TS2 Pinewood Business Park, Coleshill Road, Solihull, West Midlands, B37 7HG.

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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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:

Fixtures & Fittings	8% straight Line
Other Tangible Assets	20% straight Line

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. Taxation

Income tax expense represents the sum of the tax currently payable.

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.

2.6. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expenses when they are due. If contribution payments exced the contribution due for service, the excess is recognised as a prepayment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 8)

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Candlelight Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings	Other Tangible Assets	Total
	£	£	£
Cost or Valuation
As at 1 April 2024	488,241	11,700	499,941
Additions	64,431	-	64,431

As at 31 March 2025	552,672	11,700	564,372

Depreciation
As at 1 April 2024	218,009	-	218,009
Provided during the period	41,914	-	41,914

As at 31 March 2025	259,923	-	259,923

Net Book Value
As at 31 March 2025	292,749	11,700	304,449

As at 1 April 2024	270,232	11,700	281,932

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	9,085,344

The investment properties were valued by BNP Paribas and the directors during 2022, on an open market value for existing use basis. The directors believe that the market conditions regarding property pricing are such that the valuations have not changed and therefore have considered that the valuations from 2022 are still appropriate.

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	5,949,555	5,949,555

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	59,404	8,817
Prepayments and accrued income	273,890	215,883
Other debtors	215,442	105,903
Amounts owed by related parties	2,183,940	2,239,940

	2,732,676	2,570,543

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Candlelight Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	236,182	153,298
Bank loans and overdrafts	125,355	67,071
Amounts owed to group undertakings	587,062	556,783
Other creditors	596,691	580,786
Taxation and social security	48,041	43,811

	1,593,331	1,401,749

Loans and borrowings include a mortgage of £7,939,209 (2024 £8,000,000) secured against all investment property held by the company and investment property held by TSll Ltd and investment property held by TS2 Freehold Ltd, both fellow subsidiaries to Candlelight Properties Ltd.

The loan is repayable over a 5 year term, maturing in September 2028. Interest is charged at a rate of 3.00% above the base rate offered by Metro Bank Plc.

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	7,822,641	7,941,716

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

Amounts owed to the company by group undertakings includes amounts due from TSll Ltd of £2,183,940 (2024 £2,239,940) and TS2 (Freehold) Limited of £Nil (2024 £200), £8,787 is owed to the parent company (2024 £8,787) and £587,062 (2024 £556,873) is owed to Touchstone 3 Limited, a related company by virtue of common directors.

11. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Candlelight Holdings Ltd . Candlelight Holdings Ltd was incorporated in England.

The ultimate controlling parties are the directors.

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