REGISTERED NUMBER: 12097118 (England and Wales)

Financial Statements for the Year Ended 31st July 2025

for

Central Leicester Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

J Kotecha

Registered office:

49a The Avenue

London

HA5 4EL

Registered number:

12097118 (England and Wales)

Accountants:

Vitta Advisory Limited

54 Newberries Avenue

Radlett

Hertfordshire

WD7 7EP

Fixed assets

Tangible assets

4

2,476

4,963

Investments

5

100

100

2,576

5,063

Current assets

Debtors

6

6,739,856

6,871,157

Cash at bank

35,212

63,969

6,775,068

6,935,126

Creditors

Amounts falling due within one year

7

(4,721,090

)

(4,703,575

)

Net current assets

2,053,978

2,231,551

Total assets less current liabilities

2,056,554

2,236,614

Creditors

Amounts falling due after more than one year

8

(4,119,144

)

(4,119,144

)

Net liabilities

(2,062,590

)

(1,882,530

)

Capital and reserves

Called up share capital

10,000

10,000

Retained earnings

(2,072,590

)

(1,892,530

)

(2,062,590

)

(1,882,530

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 31st July 2026 and were signed by:

J Kotecha - Director

1.	Statutory information

Central Leicester Ltd 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.

The Director believes, after due and careful enquiry, that the company has sufficient resources for its present requirements and is able to meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date of signing of these financial statements.

Preparation of consolidated financial statements

The company is a subsidiary undertaking of London Bridging Finance Limited, a private company incorporated in the United Kingdom. London Bridging Finance Limited is the ultimate parent undertaking and controls the smallest and largest group of undertakings of which the company is a member.

Consolidated financial statements have not been prepared for the year as the group qualifies as a small group under the provisions of section 383 of the Companies Act 2006, and the parent undertaking has taken advantage of the exemption from preparing group accounts provided by section 399 of the Companies Act 2006.

As a result, the company has not prepared consolidated financial statements and has not been included in any consolidated financial statements for the financial year ended 31 July 2024.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	Employees and directors

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

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1st August 2024

13,223

Additions

892

At 31st July 2025

14,115

Depreciation

At 1st August 2024

8,260

Charge for year

3,379

At 31st July 2025

11,639

Net book value

At 31st July 2025

2,476

At 31st July 2024

4,963

5.	Fixed asset investments

Shares in

group

undertakin

£

Cost

At 1st August 2024

and 31st July 2025

100

Net book value

At 31st July 2025

100

At 31st July 2024

100

6.

Debtors: amounts falling due within one year

31/7/25

31/7/24

£

£

Amounts owed by group undertakings

6,596,353

6,704,347

Other debtors

143,503

166,810

6,739,856

6,871,157

7.

Creditors: amounts falling due within one year

31/7/25

31/7/24

£

£

Amounts owed to group undertakings

4,532,851

4,598,250

Taxation and social security

244

249

Other creditors

187,995

105,076

4,721,090

4,703,575

8.

Creditors: amounts falling due after more than one year

31/7/25

31/7/24

£

£

Bank loans

4,119,144

4,119,144

9.	Secured debts

The following secured debts are included within creditors:

31/7/25

31/7/24

£

£

Bank loans

4,119,144

4,119,144

Bank loans are secured by way of fixed and floating charges over the assets and undertakings of the Company, including a negative pledge. In addition, the loan is secured by a legal charge over a property owned by a wholly owned subsidiary, The Leicester One (Students) Limited.

There is a cross-guarantee arrangement in place between the Company and its subsidiary in respect of the loan. Furthermore, a personal guarantee has been provided by a director of the Company in support of the facility.

Amounts owed to group undertakings are secured by way of a second charge over all the assets of the Company.

In September 2023, the Group undertook a refinancing of its existing bank loan. As part of this refinancing arrangement, interest on the loan is now being paid by the wholly owned subsidiary, The Leicester One (Students) Limited.

10.	Related party disclosures

The company is a 75% owned subsidiary of London Bridging Finance Limited, a company incorporated in the United Kingdom. London Bridging Finance Limited is therefore the company’s immediate and ultimate parent undertaking.

At the balance sheet date, the following balances were outstanding with related parties:

An amount of £6,694,812 was receivable from The Leicester One (Students) Limited (2024: £740,347).

An amount of £4,532,851 was payable to the company’s parent undertaking, London Bridging Finance Limited (2024: £4,598,250).

The directors consider that all transactions with related parties were undertaken on terms equivalent to those that would prevail in an arm’s length transaction, unless otherwise stated.