Company registration number 13288066 (England and Wales)
CDLS Property 2 Limited
Unaudited Financial Statements
For the year ended 31 March 2026
CDLS Property 2 Limited
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
CDLS Property 2 Limited
Balance Sheet
As at 31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
17,483
19,526
Investment property
4
13,308,399
10,209,357
13,325,882
10,228,883
Current assets
Debtors
5
21,364
13,870
Cash at bank and in hand
340,734
138,830
362,098
152,700
Creditors: amounts falling due within one year
6
(1,496,003)
(2,011,583)
Net current liabilities
(1,133,905)
(1,858,883)
Total assets less current liabilities
12,191,977
8,370,000
Creditors: amounts falling due after more than one year
7
(9,452,154)
(6,575,715)
Provisions for liabilities
(684,049)
(449,957)
Net assets
2,055,774
1,344,328
Capital and reserves
Called up share capital
100
100
Fair value reserve
8
2,641,372
1,812,863
Distributable profit and loss reserves
(585,698)
(468,635)
Total equity
2,055,774
1,344,328
CDLS Property 2 Limited
Balance Sheet (continued)
As at 31 March 2026
- 2 -

For the financial year ended 31 March 2026 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 30 July 2026 and are signed on its behalf by:
Mrs S D Stevens
Director
Company registration number 13288066 (England and Wales)
CDLS Property 2 Limited
Statement of changes in equity
For the year ended 31 March 2026
- 3 -
Share capital
Fair value reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 April 2024
100
942,044
(222,238)
719,906
Year ended 31 March 2025:
Profit and total comprehensive income
-
870,819
(246,397)
624,422
Balance at 31 March 2025
100
1,812,863
(468,635)
1,344,328
Year ended 31 March 2026:
Profit and total comprehensive income
-
828,509
(117,063)
711,446
Balance at 31 March 2026
100
2,641,372
(585,698)
2,055,774
CDLS Property 2 Limited
Notes to the financial statements
For the year ended 31 March 2026
- 4 -
1
Accounting policies
Company information

CDLS Property 2 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 148 Marcus Avenue, Southend-On-Sea, Essex, England, SS1 3LQ.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received and receivable in relation to rental receipts due in the normal course of business.

Revenue from property disposals are represented at the fair value received and receivable in respect of the sale of residential property acquired for the purposes of resale. Revenue is recognised on the transfer of control to the customer on legal completion.

1.3
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:

Fixtures and fittings
20% Straight line
Computers
20% Straight line
Motor vehicles
25% 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.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

CDLS Property 2 Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 5 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. As all financial assets are classified within one year, they are not amortised but carried at face value.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are carried at face value.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and continue to be measured at face value.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

CDLS Property 2 Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 6 -
1.9
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 (excluding directors) employed by the company during the year was:

2026
2025
Number
Number
Total
0
0
CDLS Property 2 Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 7 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025
28,503
Additions
3,539
At 31 March 2026
32,042
Depreciation and impairment
At 1 April 2025
8,977
Depreciation charged in the year
5,582
At 31 March 2026
14,559
Carrying amount
At 31 March 2026
17,483
At 31 March 2025
19,526
4
Investment property
2026
£
Fair value
At 1 April 2025
10,209,356
Additions
1,994,364
Revaluations
1,104,679
At 31 March 2026
13,308,399

Investment property comprises residential properties held for the purpose of rental income and capital appreciation. The fair value of the investment properties has been established by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The historic cost of the investment properties at 31 March 2026 was £9,786,569, (31 March 2025 was £7,792,205).

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
21,364
13,870
CDLS Property 2 Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 8 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
456,000
1,005,650
Other creditors
1,040,003
1,005,933
1,496,003
2,011,583

The bank loans are secured by fixed charges over the company's investment properties and property stocks.

7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
9,452,154
6,575,715
Creditors which fall due after five years are payable as follows:
Payable other than by instalments
9,452,154
6,575,715

The bank loans are secured by fixed charges over the company's investment properties and property stocks.

Key management personnel have also provided personal guarantees for company mortgage borrowings.

8
Fair value reserve
2026
2025
£
£
At the beginning of the year
1,812,863
942,044
Fair value non distributable profits in the period
828,509
870,819
At the end of the year
2,641,372
1,812,863
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