REGISTERED NUMBER: 06224651 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2025

FOR

CAYLIFF INVESTMENTS LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Garner

Mrs E L Rooker-Roberts

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

06224651 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Tangible assets

5

14,350

19,133

Investments

6

2

2

Investment property

7

12,000,000

12,000,000

12,014,352

12,019,135

CURRENT ASSETS

Debtors

2,245,460

65,036

Cash at bank

10,755

145,501

2,256,215

210,537

CREDITORS

Amounts falling due within one year

686,311

101,845

NET CURRENT ASSETS

1,569,904

108,692

TOTAL ASSETS LESS CURRENT LIABILITIES

13,584,256

12,127,827

CREDITORS

Amounts falling due after more than one year

8

(6,127,426

)

(4,433,913

)

PROVISIONS FOR LIABILITIES

11

(1,858,588

)

(1,858,635

)

NET ASSETS

5,598,242

5,835,279

CAPITAL AND RESERVES

Called up share capital

12

1,000

1,000

Fair value reserve

13

5,565,000

5,565,000

Retained earnings

32,242

269,279

SHAREHOLDERS' FUNDS

5,598,242

5,835,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 27 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 May 2026 and were signed on its behalf by:

Mr M Garner - Director

1.	STATUTORY INFORMATION

Cayliff Investments Limited is a limited company, limited by shares, registered in England and Wales. The company's registered number is 06224651 and registered office address is c/o Michael Filiou Ltd, Salisbury House, 81 High Street, Potters Bar, Hertfordshire EN6 5AS.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost basis except for the modification to a fair value basis for certain fixed assets as specified in the accounting policies below.

The financial statements are presented in Sterling (£) which is the functional currency of the company.

Preparation of consolidated financial statements

The financial statements contain information about Cayliff 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.

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.

Turnover

Turnover is rental income measured at fair value of rent received or receivable, excluding discounts, rebates, and value added tax, from property owned by the company.

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

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation and is held for long-term investment. Investment property is initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment property whose fair value can be measured reliably are carried at fair value. The surplus or deficit is recognised in the income statement accumulated in the non-distributable reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the income statement for the period. The company engages independent valuers to assist the directors in determining fair value. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs

The company contributes to the employee's personal pension plan. Contributions payable are charged to the income statement in the period to which they relate to. The asset of the plan is held independently in administered funds.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 28 February 2024

and 27 February 2025

37,870

DEPRECIATION

At 28 February 2024

18,737

Charge for year

4,783

At 27 February 2025

23,520

NET BOOK VALUE

At 27 February 2025

14,350

At 27 February 2024

19,133

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 28 February 2024

and 27 February 2025

2

NET BOOK VALUE

At 27 February 2025

2

At 27 February 2024

2

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Howard Waste Limited

Registered office: C/O Michael Filiou Ltd, Salisbury House, 81 High Street, Potters Bar, Hertfordshire EN6 5AS

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary shares

100.00

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 28 February 2024

and 27 February 2025

12,000,000

NET BOOK VALUE

At 27 February 2025

12,000,000

At 27 February 2024

12,000,000

The investment property comprises freehold commercial property and held for long-term investment purposes and rental income generation.

The directors assessed the fair value of the property at 27 February 2025 using market evidence and comparable transactions and are satisfied that the carrying value is not materially different from fair value.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

6,127,425

4,433,912

Preference shares

1

1

6,127,426

4,433,913

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

6,127,425

4,433,912

Preference shares

1

1

6,127,426

4,433,913

Further drawdowns amounting to £1,657,579 on the term loan with Cambridge & Counties Bank Ltd were made during the year.

The cumulative preference share has rights to receive dividend, ranking in priority to the ordinary A1 shares, ordinary A2 shares and ordinary B shares but has no rights to vote.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

6,127,425

4,433,912

The loan is secured by legal charges over the property and assets of the company, and also by joint and several guarantee given by the directors in favour of Cambridge & Counties Bank Limited.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,858,588

1,858,635

Deferred

tax

£

Balance at 28 February 2024

1,858,635

Decrease in accelerated

capital allowances

(47

)

Balance at 27 February 2025

1,858,588

The deferred tax provision principally relates to latent corporation tax arising on unrealised gains recognised on the revaluation of investment property together with timing differences airing on capital allowances.

Deferred tax has been calculated using tax rates substantively enacted at the reporting date and expected to apply at the time the timing differences reverse.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

2025

2024

250

Ordinary A1

£1

250

250

250

Ordinary A2

£1

250

250

500

Ordinary B

£1

500

500

----------

----------

1,000

1,000

=====

=====

13.

RESERVES

Fair

value

reserve

£

At 28 February 2024

and 27 February 2025

5,565,000

The fair value represents unrealised gains arising on the revaluation of investment property to fair value under FRS 102. As these gains are unrealised, the reserve is treated as non-distributable for the purposes of the Companies Act 2006.

14.	ULTIMATE CONTROLLING PARTY