CGF Properties (Leicester) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09770628

CGF Properties (Leicester) Limited

Filleted Unaudited Financial Statements

31 December 2025

CGF Properties (Leicester) Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		7,905,714	7,918,489

Current assets

Debtors	6	46,508	81,662
Cash at bank and in hand		537,576	315,690
		---------	---------
		584,084	397,352

Creditors: amounts falling due within one year	7	1,035,174		1,349,691
		------------		------------
Net current liabilities			451,090	952,339
			------------	------------
Total assets less current liabilities			7,454,624	6,966,150

Creditors: amounts falling due after more than one year	8		2,662,826	2,289,256

Provisions

Taxation including deferred tax	473,061	464,132
	------------	------------
Net assets	4,318,737	4,212,762
	------------	------------

Capital and reserves

Called up share capital	200	200
Fair value reserve	3,038,082	3,038,082
Profit and loss account	1,280,455	1,174,480
	------------	------------
Shareholders funds	4,318,737	4,212,762
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

CGF Properties (Leicester) Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 21 May 2026 , and are signed on behalf of the board by:

Mr M Singh

Director

Company registration number: 09770628

CGF Properties (Leicester) Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old mill, 9 Soar Lane, Leicester, LE3 5DE. The trading address is 65c Bedford Street South, Leicester LE1 3JR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised in the accounting period in which the company obtains the right to consideration in exchange for its services.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	25 % straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Investment property	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2025	7,870,000	6,874	59,665	7,309	7,943,848
Additions	–	–	–	714	714
	------------	-------	--------	-------	------------
At 31 December 2025	7,870,000	6,874	59,665	8,023	7,944,562
	------------	-------	--------	-------	------------
Depreciation
At 1 January 2025	–	2,774	17,713	4,872	25,359
Charge for the year	–	1,025	10,488	1,976	13,489
	------------	-------	--------	-------	------------
At 31 December 2025	–	3,799	28,201	6,848	38,848
	------------	-------	--------	-------	------------
Carrying amount
At 31 December 2025	7,870,000	3,075	31,464	1,175	7,905,714
	------------	-------	--------	-------	------------
At 31 December 2024	7,870,000	4,100	41,952	2,437	7,918,489
	------------	-------	--------	-------	------------

The investment properties were revalued on 1 August 2024 and 2 August 2024 by Innes England, an independent Chartered Surveyor. The directors consider the amount disclosed in the accounts to be the fair value of the properties and are not materially different.

6. Debtors

	2025	2024
	£	£
Trade debtors	39,694	60,389
Other debtors	6,814	21,273
	--------	--------
	46,508	81,662
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	180,000	180,000
Trade creditors	553	4,808
Corporation tax	43,384	73,244
Social security and other taxes	23,599	33,595
Other creditors	787,638	1,058,044
	------------	------------
	1,035,174	1,349,691
	------------	------------

Classy Girls Fashion Pension Scheme have a fixed charge over the company for the freehold land and buildings on the South East side of Bedford Street South, Leicester. Handelsbanken have fixed and floating charges over all the assets of the company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,875,000	2,055,000
Other creditors	787,826	234,256
	------------	------------
	2,662,826	2,289,256
	------------	------------

Included within creditors: amounts falling due after more than one year is an amount of £Nil (2024: £135,000) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

9. Related party transactions

At the balance sheet date the directors were owed £835 (2024: 23,476) by the company.