Cando Projects Limited - Filleted accounts

Cando Projects Limited
Registered number:		07692419
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		3,515			6,346

Current assets
Debtors	4	1,784,006			810,352
Cash at bank and in hand		252,978			956,049
		2,036,984			1,766,401

Creditors: amounts falling due within one year	5	(3,821,738)			(3,406,008)

Net current liabilities			(1,784,754)			(1,639,607)

Total assets less current liabilities			(1,781,239)			(1,633,261)

Net liabilities			(1,781,239)			(1,633,261)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(1,781,240)			(1,633,262)

Shareholder's funds			(1,781,239)			(1,633,261)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




F Bevis
Director
Approved by the board on 23 October 2025

Cando Projects Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going Concern
	At 31 March 2025, the company had net current liabilities of £1,784,754 (2024: £1,639,607). The company is funded by the director and its parent company. As a result of this ongoing support, the director considers the going concern basis appropriate for the company.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings and equipment	over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		4		6


3	Tangible fixed assets
					Fixtures, fittings and equipment
£
	Cost
	At 1 April 2024				19,874
	Additions				916
	At 31 March 2025				20,790

	Depreciation
	At 1 April 2024				13,528
	Charge for the year				3,747
	At 31 March 2025				17,275

	Net book value
	At 31 March 2025				3,515
	At 31 March 2024				6,346


4	Debtors		2025		2024
£				£

	Amounts owed by group undertakings		1,776,675		602,133
	Other debtors		7,331		208,219
			1,784,006		810,352

	Amounts owed by group undertakings are unsecured, interest free and repayable on demand.


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		889		652
	Amounts owed to group undertakings		1,425,752		788,008
	Taxation and social security costs		14,757		8,393
	Other creditors		2,380,340		2,608,955
			3,821,738		3,406,008

	Amounts owed to group undertakings are unsecured, interest free and repayable on demand.


6	Other financial commitments		2025		2024
£				£

	Total future minimum payments under non-cancellable operating leases		30,800		57,200


7	Controlling party

	The immediate parent undertaking of the company is Cando Combined Ltd, a company incorporated in England and Wales. The ultimate controlling party of the company is F Bevis, the 100% shareholder of Cando Combined Ltd.


8	Other information

	Cando Projects Limited is a private company limited by shares and incorporated in England. Its registered office is:
	27 Old Gloucester Street
	London
	WC1N 3AX