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Registered number: 04434554
CDV-2, LTD.
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2025
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CDV-2, LTD.
REGISTERED NUMBER: 04434554
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 May 2026.
The notes on pages 2 to 5 form part of these financial statements.
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CDV-2, LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
CDV-2, Ltd., is a company limited by shares, incorporated in England and Wales. The address of its registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The company specialises in holding portfolios of non-performing loan receivables.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis as the company has net current assets of CZK 34,912,508 (2024 - CZK 34,206,377). The directors believe the going concern basis to be appropriate for this reason.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is Czech Koruna (CZK).
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.
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CDV-2, LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Revenue has been disclosed instead of turnover as this more meaningfully reflects the nature and results of the Company's activities.
Revenue comprises income from non-performing loan receivables.
Revenue from non-performing loan receivables is only recognised once proceeds received exceed the purchase cost plus related acquisition costs of the loan, from which point collections received are recognised in the year of receipt. No interest income is accrued in respect of the loans.
Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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CDV-2, LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Amounts owed by group undertakings
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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CDV-2, LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Allotted, called up and fully paid
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48 Ordinary share of £1 shares of CZK1.00 each
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9,000 Class A Redeemable shares of CZK 1.00 each
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1,000 Class B Redeemable shares of CZK 1.00 each
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The Class A and Class B Redeemable shares are redeemable at par, there is no fixed expiry date on their redemption and they are redeemable at the option of the company. The Redeemable shares have the same rights to dividends, voting rights and priority on winding up as the ordinary share.
The share capital is translated at the historic rates prevailing on the date of issue.
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Related party transactions
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The company has adopted the exemption permitted by Financial Reporting Standard 102, not to disclose any transactions with wholly owned members of the group to which it belongs.
At the year end fellow subsidiaries owed CZK 9,698,361 (2024 - CZK 10,601,922) to the company.
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The company's immediate parent undertaking is Prague Property Holding (BVI) Limited, a company registered in the British Virgin Islands. The ultimate parent company is Brookdelle Limited, a company incorporated in the British Virgin Islands. The ultimate controlling party is J L Woolf by virtue of his shareholding in the ultimate parent company.
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.
The audit report was signed on 29 May 2026 by Simon Carr (Senior statutory auditor) on behalf of Barnes Roffe Audit Limited.
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