Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Canadian & Riverside Estates Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Clark

Mr J P Miles

Mr M Williams FCA

SECRETARIES:

Mrs S Clark

Mr G J E Miles

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

09208731 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

20,046,954

19,891,521

CURRENT ASSETS

Debtors

5

861,297

840,485

Cash at bank

1,874

877,148

863,171

1,717,633

CREDITORS

Amounts falling due within one year

6

30,813,006

31,814,824

NET CURRENT LIABILITIES

(29,949,835

)

(30,097,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,902,881

)

(10,205,670

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(9,902,981

)

(10,205,770

)

SHAREHOLDERS' FUNDS

(9,902,881

)

(10,205,670

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr M Williams FCA - Director

1.	STATUTORY INFORMATION

Canadian & Riverside Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006 as applicable companies subject to the small companies regime. The financial statements have been prepared under the historical cost convention modified to include the revaluation of investment properties.

Significant judgements and estimates

Investment property, which is freehold, was revalued to fair value at 1 April 2021, based on a valuation undertaken by a suitably qualified director with recent experience in the location and class of the investment property being valued.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

Straight line over 3 years

Depreciation is charged to administrative expenses.

Investment properties

Investment properties are reviewed annually with any change recognised in the profit and loss account. Any gains arising on the revaluation are taken to the fair value reserve. Where there is a negative revaluation, these balances are first reduced against the fair value reserve (if present) with any remaining balance being taken against the profit and loss account. The properties are valued by the directors unless a third party valuation is available.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Investment

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2024

19,860,000

274,774

20,134,774

Additions

173,554

3,540

177,094

At 31 March 2025

20,033,554

278,314

20,311,868

DEPRECIATION

At 1 April 2024

-

243,253

243,253

Charge for year

-

21,661

21,661

At 31 March 2025

-

264,914

264,914

NET BOOK VALUE

At 31 March 2025

20,033,554

13,400

20,046,954

At 31 March 2024

19,860,000

31,521

19,891,521

On a historical cost basis, the company's investment property would have been included at an original cost of £33,019,241 (2023: £32,068,266).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

477,844

475,733

Amounts owed by group undertakings

38,195

-

Tax

35,351

41,313

Prepayments

309,907

323,439

861,297

840,485

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

15,000,000

Trade creditors

63,371

54,922

Amounts owed to group undertakings

30,340,070

16,226,344

Tax

(81,371

)

-

VAT

128,341

26,390

Deferred income

362,595

280,510

Accrued expenses

-

226,658

30,813,006

31,814,824

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

15,000,000

The company has a bank loan which is on an interest only basis until December 2024. The loan is secured by way of a first charge and debenture over the company property together with that of fellow subsidiaries.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 33 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

11.	CROSS GUARANTEE

The company's investment property is provided as security by way of 1sr charge and debenture in respect of a facility of £24,500,000 loan in the parent company, Canadian & Portland Estates (Holdings) Limited. The loan is disclosed in the financial statements of Canadian & Portland Estates (Holdings) Limited.