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REGISTERED NUMBER: 07622820 (England and Wales)

14CP Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2025

| 14CP Ltd (Registered number: 07622820) |

Contents of the Financial Statements

for the year ended 30 April 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| 14CP Ltd |

Company Information

for the year ended 30 April 2025

| Directors: | C E Hugh-Jones

| L Taylor

| Secretary: | L Taylor

| Registered office: | 11 Northington Street

| London

| WC1N 2JF

| Registered number: | 07622820 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| Broadwalk House, 5th Floor

| 5 Appold Street

| Broadgate

| London

| EC2A 2AG

| 14CP Ltd (Registered number: 07622820) |

Balance Sheet

30 April 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

Fixed assets

Investment property | 4 | 2,456,892 |  | 2,417,950 |  |

Current assets

Debtors | 5 | 68 |  | 55 |  |

Creditors

Amounts falling due within one year | 6 | 983,668 |  | 986,854 |  |

Net current liabilities | (983,600 | ) | (986,799 | ) |

Total assets less current liabilities | 1,473,292 |  | 1,431,151 |  |

Provisions for liabilities | 313,230 |  | 303,495 |  |

Net assets | 1,160,062 |  | 1,127,656 |  |

Capital and reserves

Called up share capital | 7 | 100 |  | 100 |  |

Retained earnings | 8 | 1,159,962 |  | 1,127,556 |  |

Shareholders' funds | 1,160,062 |  | 1,127,656 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2026 and were signed on its behalf by:

C E Hugh-Jones - Director

| 14CP Ltd (Registered number: 07622820) |

Notes to the Financial Statements

for the year ended 30 April 2025

1. | Statutory information

| 14CP Ltd 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 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Going concern

| The financial statements have been prepared on a going concern basis. The directors have assessed the company’s financial position, including expected rental income, projected cash flows, and the timing of liabilities falling due. Based on this review, the directors consider that the company has adequate resources to meet its obligations as they arise for at least 12 months from the date of approval of these financial statements.

| A significant proportion of the company’s liabilities relates to amounts owed to its shareholders and other related parties. The directors have received confirmation that these parties do not intend to demand repayment of these balances in the short term and will continue to support the company financially where required. Taking this into account, together with the company’s stable income stream from its investment property, the directors consider that the going concern basis of preparation remains appropriate.

| Significant judgements and estimates

| The preparation of financial statements requires the directors to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

| The following are the key areas where judgement and estimation have been applied:

| (i) Investment property valuation

| Investment properties are measured at fair value, with changes in value recognised in profit or loss. The determination of fair value involves judgement, particularly where there is limited observable market data. The directors consider recent comparable transactions, market conditions, yields and property-specific characteristics when estimating fair value. Because such valuations are inherently subjective, the resulting carrying amounts may differ materially from those determined using alternative assumptions or methodologies.

| (ii) Deferred tax on revaluation gains

| Deferred tax is recognised on revaluation gains arising on investment property. Estimating the deferred tax liability requires judgement in assessing the expected manner and timing of recovery of the property’s value, the applicable tax rates, and any anticipated changes in tax legislation. These estimates may change over time as market conditions or tax rules evolve.

| (iii) Recoverability of balances with related parties

| The company holds balances with related parties that are repayable on demand. Judgement is applied in assessing the recoverability of these balances based on the financial position and intentions of the counterparties. The directors consider available financial information and ongoing funding arrangements when determining whether any impairment is required.

| Turnover

| Turnover is measured at the fair value of rents received or receivable, excluding value added tax. Rental income from investment property is recognised on a straight-line basis over the lease term, in accordance with the tenancy agreements. Lease incentives are spread over the non-cancellable lease period on the same basis. Amounts billed in advance or in arrears are recognised within debtors or creditors as appropriate.

| Investment property

| Investment properties are measured at fair value in accordance with FRS 102 Section 16. Fair value is determined by the directors based on market evidence and comparable transactions. Any aggregate surplus or deficit arising from changes in fair value is recognised through the profit and loss. Investment properties are not depreciated

| 14CP Ltd (Registered number: 07622820) |

Notes to the Financial Statements - continued

for the year ended 30 April 2025

2. | Accounting policies - continued

| 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. | Employees and directors

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

4. | Investment property

| Investment property is stated at fair value as determined by the directors. This was on the basis of open market value for current use. The fair value represent the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms-length transaction at the date of valuation, in accordance with FRS 102. In determining the fair value of investment property, the directors make use of historical and current market data.

| Fair value at 30 April 2025 is represented by:

| £

| Valuation in 2017 | 807,456 |  |

| Valuation in 2021 | 400,485 |  |

| Valuation in 2022 | 161,314 |  |

| Valuation in 2023 | 142,498 |  |

| Valuation in 2024 | (109,812 | ) |

| Valuation in 2025 | 38,942 |  |

| Cost | 1,016,009 |  |

2,456,892 |  |

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Other debtors | 68 |  | 55 |  |

6. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Amounts owed to group undertakings | 969,826 |  | 978,355 |  |

| Taxation and social security | 750 |  | 657 |  |

| Other creditors | 13,092 |  | 7,842 |  |

983,668 |  | 986,854 |  |

| 14CP Ltd (Registered number: 07622820) |

Notes to the Financial Statements - continued

for the year ended 30 April 2025

7. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 100 | Ordinary | £1 | 100 |  | 100 |  |

8. | Reserves

Retained |

earnings |

| £

| At 1 May 2024 | 1,127,556 |  |

| Profit for the year | 32,406 |  |

| At 30 April 2025 | 1,159,962 |  |

| Included within retained earnings is £1,127,653 (2024: £1,098,446) of non-distributable reserves arising on revaluation of the company's investment property.

9. | Related party disclosures

| During the year there were sales of £18,800 (2024: £19,700) to a related company and purchases of £10,271 (2024: £16,669) from a related company. Included in other creditors is a balance of £969,826 (2024: £983,159) owed to the related company. This amount is unsecured, interest-free and repayable on demand.

| The related company is a shareholder of 14CP Ltd, and both companies are under the common ultimate control of Mr C E Hugh-Jones and Miss L Taylor.