Unaudited Financial Statements

for the Period

21 November 2024 to 31 March 2025

for

Canadian & Tewkesbury Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J P Miles

Mrs S Clark

Mr M Williams FCA

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

16093208 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

5,100,000

CURRENT ASSETS

Debtors

5

8,171

CREDITORS

Amounts falling due within one year

6

5,221,753

NET CURRENT LIABILITIES

(5,213,582

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(113,582

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(113,682

)

SHAREHOLDERS' FUNDS

(113,582

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 & Tewkesbury 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 to 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.

Going concern.

The company is reliant on support from the ultimate parent company and is supported by way of the intercompany loan. The parent currently has no intention of demanding repayment on the loan in the immediate future. In the opinion of the directors the going concern is appropriate.

Significant judgements and estimates

Investment property, which is freehold, was revalued to fair value at 31 March 2025, based on valuation undertaken by the bank.

Turnover

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

Investment property

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 period was NIL.

4.	TANGIBLE FIXED ASSETS

Investment

property

£

COST OR VALUATION

Additions

5,265,031

Revaluations

(165,031

)

At 31 March 2025

5,100,000

NET BOOK VALUE

At 31 March 2025

5,100,000

On a historical cost basis, the company's investment property would have been included at an original cost of £5,265,031.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

6,671

Prepayments and accrued income

1,500

8,171

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

5,091,748

Tax

17,116

VAT

5,232

Accruals and deferred income

107,657

5,221,753

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

ordinary

1

100

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 '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.

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

10.	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.