Company No: 11978032 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	C D Dadd
	E A Dadd

SECRETARY

E A Dadd

REGISTERED OFFICE	Ground Floor Keble House
	Southernhay Gardens
	Exeter
	EX1 1NT
	United Kingdom

COMPANY NUMBER

11978032 (England and Wales)

ACCOUNTANT	Gravita Western Limited
	Keble House
	Southernhay Gardens
	Exeter
	EX1 1NT
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	3,750		4,750
Tangible assets	4	1,405		2,150
Investment property	5	220,000		220,000
Investments	6	100		100
		225,255		227,000
Current assets
Debtors	7	6,786		434
Cash at bank and in hand		27,996		12,801
		34,782		13,235
Creditors: amounts falling due within one year	8	( 18,510)		( 19,757)
Net current assets/(liabilities)		16,272		(6,522)
Total assets less current liabilities		241,527		220,478
Creditors: amounts falling due after more than one year	9	( 102,303)		( 107,103)
Provision for liabilities		( 13,119)		( 18,022)
Net assets		126,105		95,353
Capital and reserves
Called-up share capital		10,000		10,000
Revaluation reserve		52,620		52,620
Profit and loss account		63,485		32,733
Total shareholders' funds		126,105		95,353

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of CED Business Support Limited (registered number: 11978032) were approved and authorised for issue by the Board of Directors on 28 April 2026. They were signed on its behalf by:

C D Dadd Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

CED Business Support Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Keble House, Southernhay Gardens, Exeter, EX1 1NT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable in respect of the sale of services to customers, net of value added tax.

Rental income is recognised over the term of the lease.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc.	20 % reducing balance
	3 years straight line

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Comprehensive Income. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

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.

Operating leases

Rentals payable under operating leases are charged in the profit and loss on a straight line basis over the lease term.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 August 2024	10,000		10,000
At 31 July 2025	10,000		10,000
Accumulated amortisation
At 01 August 2024	5,250		5,250
Charge for the financial year	1,000		1,000
At 31 July 2025	6,250		6,250
Net book value
At 31 July 2025	3,750		3,750
At 31 July 2024	4,750		4,750

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 August 2024	6,618		6,618
At 31 July 2025	6,618		6,618
Accumulated depreciation
At 01 August 2024	4,468		4,468
Charge for the financial year	745		745
At 31 July 2025	5,213		5,213
Net book value
At 31 July 2025	1,405		1,405
At 31 July 2024	2,150		2,150

5. Investment property

	Investment property
	£
Valuation
As at 01 August 2024	220,000
As at 31 July 2025	220,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	149,840		149,840

6. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 August 2024	100
At 31 July 2025	100
Carrying value at 31 July 2025	100
Carrying value at 31 July 2024	100

7. Debtors

	2025		2024
	£		£
Trade debtors	3,559		0
Corporation tax	2,825		0
Other debtors	402		434
	6,786		434

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	4,800		4,800
Amounts owed to Group undertakings	1,710		1,710
Taxation and social security	970		4,831
Other creditors	11,030		8,416
	18,510		19,757

9. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	102,303		107,103

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured)	101,500		101,500

There is a fixed and floating charge in favour of Together Commercial Finance Limited dated 15 February 2022 over the investment property owned by the company.

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	4,758		4,758
between one and five years	99		4,857
Total future minimum lease payments under non-cancellable operating leases	4,857		9,615