REGISTERED NUMBER: 11278757 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CANDI PROPERTY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr I Gibbons

REGISTERED OFFICE:

10 Trafalgar Way

Lichfield

United Kingdom

WS14 9FD

REGISTERED NUMBER:

11278757 (England and Wales)

ACCOUNTANTS:

Brookes Stephens

New Media House

Davidson Road

Lichfield

Staffordshire

WS14 9DZ

Fixed assets

Tangible assets

5

-

-

Investment property

6

215,000

215,000

215,000

215,000

Current assets

Debtors

7

84

82

Cash at bank

1,413

1,297

1,497

1,379

Creditors

Amounts falling due within one year

8

50,652

50,671

Net current liabilities

(49,155

)

(49,292

)

Total assets less current liabilities

165,845

165,708

Creditors

Amounts falling due after more than one year

9

(137,313

)

(137,332

)

Provisions for liabilities

(7,557

)

(7,557

)

Net assets

20,975

20,819

Capital and reserves

Called up share capital

11

1

1

Non distributable reserve

12

32,216

32,216

Retained earnings

(11,242

)

(11,398

)

Shareholders' funds

20,975

20,819

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 December 2025 and were signed by:

Mr I Gibbons - Director

1.	STATUTORY INFORMATION

Candi Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. 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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

351

DEPRECIATION

At 1 April 2024

and 31 March 2025

351

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

215,000

NET BOOK VALUE

At 31 March 2025

215,000

At 31 March 2024

215,000

The company purchased 4 Talbot, Tamworth, B77 2RS in 2018. The total purchase price, including associated costs, was £175,227.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

9,773

Valuation in 2021

10,000

Valuation in 2022

10,000

Valuation in 2023

8,000

Valuation in 2024

2,000

Cost

175,227

215,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

175,227

175,227

The investment property was valued on an open market basis on 31 March 2025 by the director .

The director is of the opinion that the valuation is accurate at the year end.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

84

82

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

50,652

50,671

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

137,313

137,332

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

137,313

137,332

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

137,313

137,332

The mortgage is secured against the investment property, 4 Talbot, Tamworth, Staffordshire, B77 2RS.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

12.

RESERVES

Non

distributable

reserve

£

At 1 April 2024

and 31 March 2025

32,216

13.	RELATED PARTY DISCLOSURES

At the year end the company owed the director £49,594 (2024: £46,521). These loans are interest free and repayable on demand.