Company registration number 01371751 (England and Wales)
CUBFIELD LIMITED
Unaudited Financial Statements
For The Year Ended 31 October 2025
Pages For Filing With Registrar
Cubfield Limited
CUBFIELD LIMITED
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Cubfield Limited
CUBFIELD LIMITED
Balance Sheet
As At 31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,360,573
3,658,733
Investments
4
1
1
3,360,574
3,658,734
Current assets
Debtors
5
532,074
35,666
Cash at bank and in hand
2,259,518
2,148,635
2,791,592
2,184,301
Creditors: amounts falling due within one year
6
(25,115)
(76,730)
Net current assets
2,766,477
2,107,571
Total assets less current liabilities
6,127,051
5,766,305
Provisions for liabilities
(239,188)
(251,215)
Net assets
5,887,863
5,515,090
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
5,887,763
5,514,990
Total equity
5,887,863
5,515,090
Cubfield Limited
CUBFIELD LIMITED
Balance Sheet (Continued)
As At 31 October 2025
- 2 -

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 June 2026 and are signed on its behalf by:
Mr CD Dawe
Director
Company registration number 01371751 (England and Wales)
Cubfield Limited
CUBFIELD LIMITED
Notes To The Financial Statements
For The Year Ended 31 October 2025
- 3 -
1
Accounting policies
Company information

Cubfield Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Goods Shed, Jubilee Way, Faversham, Kent, England, ME13 8GD. The principal place of business is Office to the rear of 81 Parrock street, Gravesend, Kent, DA12 1HF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. In accordance with the transitional exemption provision in FRS 102 35.10 (d) the company has elected to use the previous UK GAAP revalued amount of freehold land and buildings as deemed cost on transition. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Fixtures and fittings
15% reducing balance
Computers
20% reducing balance
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cubfield Limited
CUBFIELD LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 October 2025
1
Accounting policies
(Continued)
- 4 -

The company chose to adopt the Amendments to FRS 102 (December 2017) Section 16.4A. The properties are used in the trade of the subsidiary and continue to be treated as tangible fixed assets in accordance with Section 17 of FRS 102.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
4
Cubfield Limited
CUBFIELD LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 October 2025
- 5 -
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2024
3,972,474
133,741
23,552
55,706
4,185,473
Additions
3,054
-
0
-
0
-
0
3,054
Disposals
(269,000)
-
0
-
0
(10,305)
(279,305)
At 31 October 2025
3,706,528
133,741
23,552
45,401
3,909,222
Depreciation and impairment
At 1 November 2024
338,752
129,303
19,984
38,701
526,740
Depreciation charged in the year
49,327
666
713
3,401
54,107
Eliminated in respect of disposals
(21,975)
-
0
-
0
(10,223)
(32,198)
At 31 October 2025
366,104
129,969
20,697
31,879
548,649
Carrying amount
At 31 October 2025
3,340,424
3,772
2,855
13,522
3,360,573
At 31 October 2024
3,633,722
4,438
3,568
17,005
3,658,733
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1
1
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
491,007
-
0
Other debtors
41,067
35,666
532,074
35,666
Cubfield Limited
CUBFIELD LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 October 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
1,363
Amounts owed to group undertakings
-
0
858
Corporation tax
19,708
55,833
Other taxation and social security
407
-
0
Other creditors
-
0
12,676
Accruals and deferred income
5,000
6,000
25,115
76,730
7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
2,514
(7,273)
Revaluations
236,674
258,488
239,188
251,215
2025
Movements in the year:
£
Liability at 1 November 2024
251,215
Credit to profit or loss
(12,027)
Liability at 31 October 2025
239,188
Cubfield Limited
CUBFIELD LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 October 2025
- 7 -
8
Related party transactions
Balances with related parties
Amounts owed by
Amounts owed to
related parties
related parties
2025
2024
2025
2024
£
£
£
£
Key management personnel
41,067
-
0
-
0
12,676
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