REGISTERED NUMBER: 15951448 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 11 SEPTEMBER 2024 TO 31 DECEMBER 2025

FOR

CONDICOTE DEVELOPMENTS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

T R Huxley

P L Huxley

REGISTERED OFFICE:

10 London Mews

London

W2 1HY

REGISTERED NUMBER:

15951448 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Investments

4

6,030,000

CURRENT ASSETS

Cash and cash equivalents

4,397

CREDITORS

Amounts falling due within one year

5

334,900

NET CURRENT LIABILITIES

(330,503

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,699,497

CAPITAL AND RESERVES

Called up share capital

6

100

Merger reserve

7

1,200,000

Retained earnings

7

4,499,397

SHAREHOLDERS' FUNDS

5,699,497

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

P L Huxley - Director

1.	STATUTORY INFORMATION

Condicote Developments 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 financial statements have been prepared on a going concern basis as the directors believe that adequate cash resources will be available to cover the company's requirements for working capital expenditure for at least the next twelve months from the date of approval of these financial statements.

Accounting reference date

The company's accounting period end has been extended to coterminous with the group company.

Preparation of consolidated financial statements

The financial statements contain information about Condicote Developments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial liabilities such as other creditors.

The basic financial liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments discounted at a market rate of interest.

Taxation

Taxation for the period 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

6,030,000

At 31 December 2025

6,030,000

NET BOOK VALUE

At 31 December 2025

6,030,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

334,900

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

7.

RESERVES

Retained

Merger

earnings

reserve

Totals

£

£

£

Profit for the period

4,554,657

4,554,657

Dividends

(55,260

)

(55,260

)

share for share issue

-

1,200,000

1,200,000

At 31 December 2025

4,499,397

1,200,000

5,699,397

The merger reserve represents the premium arising on the share element of the acquisition of a subsidiary company under Section 612 of the Companies Act 2006. It represents the difference between the nominal value of the shares issued and their fair market value at the acquisition date. This reserve is non-distributable.

The retained earnings reserves are non-distributable.

8.	RELATED PARTY DISCLOSURES

As at 31 December 2025, the company owes the directors £334,900. No interest is payable on these loans.