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Registration number: 03492087

Cedar Lettings Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Cedar Lettings Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Cedar Lettings Limited

Company Information

Director | D Yanover

Registered office | 251 West End Lane London NW6 1XN

Accountants | Sterlings Ltd Chartered AccountantsLawford House Albert Place London N3 1QA

Cedar Lettings Limited

(Registration number: 03492087)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 4,683 | 9,450
Tangible assets | 5 | 9,915 | 13,022
|  | 14,598 | 22,472
Current assets |  |  |
Debtors | 6 | 510,678 | 545,848
Cash at bank and in hand |  | 619,349 | 518,044
|  | 1,130,027 | 1,063,892
Creditors: Amounts falling due within one year | 7 | (1,088,149) | (785,035)
Net current assets |  | 41,878 | 278,857
Total assets less current liabilities |  | 56,476 | 301,329
Creditors: Amounts falling due after more than one year | 7 | - | (199,489)
Net assets |  | 56,476 | 101,840
Capital and reserves |  |  |
Called up share capital | 8 | 72 | 72
Share premium reserve |  | 29,992 | 29,992
Profit and loss account |  | 26,412 | 71,776
Shareholders' funds |  | 56,476 | 101,840

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 January 2026

Cedar Lettings Limited

(Registration number: 03492087)
Balance Sheet as at 31 August 2025

......................................... D Yanover Director

Cedar Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
251 West End Lane
London
NW6 1XN
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cedar Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 25% reducing balance
Computer equipment | 25% on cost
Motor cars | 25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cedar Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 13 (2024 - 13).

Cedar Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 September 2024 | 47,460 | 47,460
At 31 August 2025 | 47,460 | 47,460
Amortisation
At 1 September 2024 | 38,010 | 38,010
Amortisation charge | 4,767 | 4,767
At 31 August 2025 | 42,777 | 42,777
Carrying amount
At 31 August 2025 | 4,683 | 4,683
At 31 August 2024 | 9,450 | 9,450

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 September 2024 | 43,873 | 50,440 | 94,313
Additions | 197 | - | 197
At 31 August 2025 | 44,070 | 50,440 | 94,510
Depreciation
At 1 September 2024 | 42,820 | 38,471 | 81,291
Charge for the year | 312 | 2,992 | 3,304
At 31 August 2025 | 43,132 | 41,463 | 84,595
Carrying amount
At 31 August 2025 | 938 | 8,977 | 9,915
At 31 August 2024 | 1,053 | 11,969 | 13,022

Cedar Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 239,096 | 191,173
Prepayments | 4,349 | 5,383
Other debtors | 267,233 | 349,292
| 510,678 | 545,848

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 27,075 | -
Trade creditors |  | 18,547 | 15,596
Taxation and social security |  | 531,357 | 376,584
Accruals and deferred income |  | 8,824 | 9,034
Other creditors |  | 502,346 | 383,821
|  | 1,088,149 | 785,035

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | - | 199,489

Cedar Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 72 | 72 | 72 | 72

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 199,489

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 27,075 | -

Bank borrowings

Bounce Back Loan is denominated in pound sterling with a nominal interest rate of 2.5%, and the final instalment is due on 24 June 2026. The carrying amount at year end is £8,334 (2024 - £18,333). The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months.
Bank loan is denominated in pound sterling with a nominal interest rate of 4%, and the final instalment is due on 10 November 2025. The carrying amount at year end is £18,741 (2024 - £181,155).

Cedar Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

10 | Related party transactions

Transactions with the director

2025 | At 1 September 2024 £ | Repayments by director £ | At 31 August 2025 £
D Yanover
| 272,268 | (80,691) | 191,577

2024 | At 1 September 2023 £ | Repayments by director £ | At 31 August 2024 £
D Yanover
| 491,472 | (219,204) | 272,268

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 20,000 | 18,333