CDG Property (Leicester) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12613509 (England and Wales)

Financial Statements

for the Year Ended

31 August 2025

for

CDG Property (Leicester) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J A Lewis

REGISTERED OFFICE:

42 Western Road

Leicester

Leicestershire

LE3 0GH

REGISTERED NUMBER:

12613509 (England and Wales)

AUDITORS:

The Rowleys Partnership Ltd

Statutory Auditors

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

FIXED ASSETS

Investment property

4

1,500,000

CURRENT ASSETS

Debtors

5

76,919

63,880

CREDITORS

Amounts falling due within one year

6

766,938

882,563

NET CURRENT LIABILITIES

(690,019

)

(818,683

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

809,981

681,317

PROVISIONS FOR LIABILITIES

8

86,000

NET ASSETS

723,981

595,317

CAPITAL AND RESERVES

Called up share capital

9

100

Fair value reserve

257,153

Retained earnings

466,728

338,064

SHAREHOLDERS' FUNDS

723,981

595,317

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

J A Lewis - Director

1.	STATUTORY INFORMATION

CDG Property (Leicester) 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.

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 as modified by the revaluation of certain assets.

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 represents the value of rent receivable for the period. Turnover is recognised in the period that the rent relates to.

Investment property

Investment property is not depreciated but revalued to their fair values and shown at their most recent valuations. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and taken to the fair value reserve.

Investment property comprises long leasehold buildings. They are measured initially at cost, including related transaction costs. These are held as investments to earn rental income and for capital appreciation and are stated at fair value at the balance sheet date.

The fair value of investment property reflects, among other things, rental income from current leases and assumptions about rental income from future leases in light of current market conditions.

Subsequent expenditure is added to the assets carrying amount only when it is probable that the future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. All other repairs and maintenance costs are charged to the profit and loss account during the financial period in which they are incurred.

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 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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of the company’s assets and liabilities. These are based on historical experience and other factors that are considered relevant and are reviewed on a regular basis and recognised in the period in which the estimate is revised. Actual results may differ from these estimates.

The following are the critical judgements and, where relevant, the key sources of estimation uncertainty:

The director has based the fair value of properties held for investment purposes on valuations obtained on 2 April 2025, which they deem to be representative, taking into consideration capital improvements, rental yields, market conditions and other external factors that could bring about a change in the fair value.

Going concern

The accounts have been prepared on the going concern basis. The director has confirmed the continued financial support from the group companies, as well as the related undertakings and that no repayments on inter-company loans will be made until the company has adequate funds.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

1,500,000

NET BOOK VALUE

At 31 August 2025

1,500,000

At 31 August 2024

1,500,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2024

343,153

Cost

1,156,847

1,500,000

If investment property had not been revalued it would have been included at the following historical cost:

31.8.25

31.8.24

£

Cost

1,156,847

Aggregate depreciation

(115,685

)

(92,548

)

Investment property was valued on a fair value basis on 2 April 2025 by Richard Moore Professional Services .

The director has confirmed the value is representative of that at 31 August 2025.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Amounts owed by group undertakings

100

Other debtors

26,357

Prepayments and accrued income

50,462

37,423

76,919

63,880

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Amounts owed to group undertakings

677,031

789,756

Corporation tax

40,406

35,624

Other creditors

37,500

Accruals and deferred income

12,001

19,683

766,938

882,563

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

Within one year

21,131

Between one and five years

84,524

In more than five years

1,587,604

1,608,735

1,693,259

1,714,390

The amount of non-cancellable operating lease payments recognised as an expense during the year was £23,517 (2024 - £26,224).

8.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

Deferred tax

86,000

Deferred

tax

£

Balance at 1 September 2024

86,000

Balance at 31 August 2025

86,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

100

Ordinary

£1

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matt Hutchinson FCA FCCA (Senior Statutory Auditor)

for and on behalf of The Rowleys Partnership Ltd

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Code Holdings Limited, a company incorporated in England and Wales, which shares the registered office as detailed on page 1. The largest and smallest group in which the results of the company are consolidated is that headed by Code Holdings Limited. The financial statements of Code Holdings Limited can be obtained from Companies House.