REGISTERED NUMBER: 14767603 (England and Wales)

Financial Statements

for the Year Ended

31 August 2025

for

Code Projects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J A Lewis

REGISTERED OFFICE:

42a Western Road

Leicester

Leicestershire

LE3 0GH

REGISTERED NUMBER:

14767603 (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

Tangible assets

4

223,101

-

CURRENT ASSETS

Debtors

5

4,356,210

1,317,974

Cash at bank

29,147

4,039

4,385,357

1,322,013

CREDITORS

Amounts falling due within one year

6

4,200,505

1,162,204

NET CURRENT ASSETS

184,852

159,809

TOTAL ASSETS LESS CURRENT LIABILITIES

407,953

159,809

CREDITORS

Amounts falling due after more than one year

7

(61,366

)

-

PROVISIONS FOR LIABILITIES

(10,040

)

-

NET ASSETS

336,547

159,809

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

336,546

159,808

SHAREHOLDERS' FUNDS

336,547

159,809

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

Code Projects 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles - 20% reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

223,101

At 31 August 2025

223,101

NET BOOK VALUE

At 31 August 2025

223,101

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

-

111,678

Amounts owed by group undertakings

3,383,204

719,394

VAT

41,449

-

Prepayments and accrued income

931,557

486,902

4,356,210

1,317,974

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

113,634

-

Trade creditors

282,349

440,787

Amounts owed to group undertakings

645,918

-

Amounts owed to associates

2,184,601

200,246

Corporation tax

48,874

53,172

Social security and other taxes

9,667

743

Accruals and deferred income

915,462

467,256

4,200,505

1,162,204

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

61,366

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Hire purchase

175,000

-

Volkswagen Financial Services holds a fixed charge over the motor vehicles in the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1

Ordinary

1

1

1

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.	RELATED PARTY DISCLOSURES

At the year end, amounts owing to an associated company totals £2,184,601 (2024: £200,246). The amount owing is interest free and repayable on demand.

12.	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.