| Cando Combined Ltd |
| Registered number: |
13981925 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
4 |
|
|
3 |
|
| Current assets |
| Debtors |
4 |
|
2,695,252 |
|
|
1,197,505 |
| Investments held as current assets |
5 |
|
2,022,671 |
|
|
6,098,278 |
| Cash at bank and in hand |
|
|
9,988 |
|
|
37,352 |
|
|
|
4,727,911 |
|
|
7,333,135 |
|
| Creditors: amounts falling due within one year |
6 |
|
(4,829,384) |
|
|
(7,546,234) |
|
| Net current liabilities |
|
|
|
(101,473) |
|
|
(213,099) |
|
| Total assets less current liabilities |
|
|
|
(101,469) |
|
|
(213,096) |
|
| Net liabilities |
|
|
|
(101,469) |
|
|
(213,096) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(101,470) |
|
|
(213,097) |
|
| Shareholder's funds |
|
|
|
(101,469) |
|
|
(213,096) |
|
|
|
|
|
|
|
|
| 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 26 November 2025 |
|
| Cando Combined Ltd |
| 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). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes dividends received and interest received from investments. Dividend income is recognised when dividends are declared and interest income is recognised on an accruals basis. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
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. |
|
|
|
|
|
|
|
|
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments - Fixed |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 April 2024 |
3 |
|
Additions |
1 |
|
|
At 31 March 2025 |
4 |
|
|
|
|
|
|
|
|
|
|
On 28 March 2025, the company acquired 100% of the ordinary share capital of Equitif Ltd, a newly incorporated company, for a consideration of £1. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by group undertakings |
|
1,425,752 |
|
788,005 |
|
Other debtors |
1,269,500 |
|
409,500 |
|
|
|
|
|
|
2,695,252 |
|
1,197,505 |
|
|
|
|
|
|
|
|
|
|
Amounts owed by group undertakings are unsecured, interest free and repayable on demand. |
|
|
| 5 |
Investments held as current assets |
| £ |
|
Fair value |
|
At 1 April 2024 |
6,098,278 |
|
Additions |
4,414,137 |
|
Revaluation |
(275,253) |
|
Disposals |
(8,214,491) |
|
|
At 31 March 2025 |
2,022,671 |
|
|
|
|
|
|
|
|
|
|
During the year investments of £8,214,491 were sold resulting in a profit of £402,630. |
|
|
The investments portfolio comprises of listed investments and other investments which have been valued at their quoted market price at the year end. |
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
4,829,384 |
|
7,546,234 |
|
|
|
|
|
|
4,829,384 |
|
7,546,234 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
The ultimate controlling party is Mr. F Bevis, by virtue of his majority shareholding in the company. |
|
|
| 8 |
Other information |
|
|
Cando Combined Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
27 Old Gloucester Street |
|
London |
|
WC1N 3AX |