REGISTERED NUMBER: 11788712 (England and Wales)

Audited Financial Statements

for the Year Ended 31 March 2025

for

CONSERO BRITTANIA WHARF LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

J Lawrence

R A Osborn

Registered office:

3rd Floor 86 - 90 Paul Street

London

EC2A 4NE

Registered number:

11788712 (England and Wales)

Auditors:

Cooper Parry Group Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Current assets

Debtors

4

579,288

584,059

Cash at bank

2,727

278

582,015

584,337

Creditors

Amounts falling due within one year

5

44,881

66,660

Net current assets

537,134

517,677

Total assets less current liabilities

537,134

517,677

Capital and reserves

Called up share capital

6

100

100

Retained earnings

537,034

517,577

Shareholders' funds

537,134

517,677

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

J Lawrence - Director

1.	Statutory information

Consero Brittania Wharf 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

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

Going concern

The going concern of the company is directly linked to the going concern of the Group. The Directors have considered the going concern of the group and note that material uncertainty exists in relation to the Group being able to settle all liabilities in full. The group has net liabilities of £26.75m at the balance sheet date.

The repayment of loans with first charge over the assets is due in August 2026. The directors have considered the value of the remaining property sales required to repay this debt of £6.7m. Given the current property market, it is unlikely that this debt will be repaid in advance of August 2026.

If the appropriate levels of sales are not made in the timeframe, the group would need to seek a refinance of the facility. The directors have discussed an extension with the lender with first charge over the assets, but have yet to reach a formal agreement.

Repayment of the remaining debt with second charge, or that is unsecured, requires cashflows in excess of what is currently forecast. There is no current proposed plan to settle the remaining outstanding debt. Whilst the directors have received a letter of support from the lender of the unsecured and second charge debt saying that the debt would not be called should the Group not be in a position to pay it, the directors note that this is only a letter of intent and is not legally binding.

Despite the above, the directors believe that the group and therefore the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Related party exemption

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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

The directors consider that there are no such judgements and estimates in the financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

For long-term contracts, the turnover recognised represents the fair value of the work done at the period end date.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

10,421

Amounts owed by group undertakings

577,774

555,053

Other debtors

1,514

18,585

579,288

584,059

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

14,631

19,814

Amounts owed to group undertakings

10,700

11,743

Other creditors

19,550

35,103

44,881

66,660

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

£1

100

100

7.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Paul Hodgett BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Cooper Parry Group Limited

8.	Related party disclosures

At the year end date, the company was owed £577,774 (2024: £555,053) by the parent of the group. The loan is interest free and repayable on demand.

At the year end date, the company owed £10,700 (2024: £11,743) to fellow subsidiaries of the group. The loans are interest free and repayable on demand.

9.	Ultimate controlling party

The company's ultimate parent company is Consero Holdings Limited, a company incorporated in the UK. Their registered office is 3rd Floor 86 - 90 Paul Street, London, England, EC2A 4N. Copies of the accounts for the company can be found at Companies House, Cardiff.