REGISTERED NUMBER: 11468692 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

CONSERO INVESTMENTS 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:

11468692 (England and Wales)

Fixed assets

Investments

4

2,100

2,100

Current assets

Debtors

5

1

1

Creditors

Amounts falling due within one year

6

29,905

29,905

Net current liabilities

(29,904

)

(29,904

)

Total assets less current liabilities

(27,804

)

(27,804

)

Capital and reserves

Called up share capital

8

1

1

Retained earnings

(27,805

)

(27,805

)

Shareholders' funds

(27,804

)

(27,804

)

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year 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 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 Investments 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

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.

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 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 was due in August 2026. The directors have considered the remaining property sales required to repay the debt. Given the current property market, it is unlikely that the 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, but have yet to reach a formal agreement.

Repayment of the remaining debt 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 secondary lender 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.

The company was dormant throughout the current year and previous year.

Preparation of consolidated financial statements

The financial statements contain information about Consero Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	Employees and directors

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

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 April 2024

and 31 March 2025

2,100

Net book value

At 31 March 2025

2,100

At 31 March 2024

2,100

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

1

1

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Amounts owed to group undertakings

29,204

29,204

Other creditors

701

701

29,905

29,905

7.	Secured debts

There is a fixed charge over the shares of this entity in relation to a loan taken out by it's subsidiary.

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

9.	Related party disclosures

As at the year end date, the company owed £27,430 (2024: £27,430) to another subsidiary within the group. The loan is interest free and repayable on demand.

10.	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, EC2A 4NE. Copies of the accounts for the company can be found at Companies House, Cardiff.