THE CATHEDRAL QUARTER COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2025 TO 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Hurdis

Mr C L Bunting

Mr F G Cunningham

Dr C J Foster

Mr D N Jackson

Ms D J Jardine

Mr J L Marshall

Dr P J A Robinson

Mr J Wright

Mr N G Sutherland

REGISTERED OFFICE:

Unit CB205

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

REGISTERED NUMBER:

06057365 (England and Wales)

SENIOR STATUTORY AUDITOR:

Hari Vasdev MEng FCA

AUDITORS:

Sibbalds Limited

Chartered Accountants and Statutory Auditor

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Tangible assets

4

1,825

2,802

CURRENT ASSETS

Debtors

5

116,259

49,702

Cash at bank

230,651

256,638

346,910

306,340

CREDITORS

Amounts falling due within one year

6

97,298

71,595

NET CURRENT ASSETS

249,612

234,745

TOTAL ASSETS LESS CURRENT LIABILITIES

251,437

237,547

RESERVES

Income and expenditure account

251,437

237,547

251,437

237,547

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2026 and were signed on its behalf by:

Mr F G Cunningham - Director

1.	STATUTORY INFORMATION

The Cathedral Quarter Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

As at 31st March 2026 there were 17 (2025: 18) members of the company each of whom has undertaken to contribute an amount not exceeding £10 in the event of the company winding up.

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.

Significant judgements and estimates

Bad debts

During the current and previous financial year, bad debts in respect of BID levy income have been provided for based upon a percentage applied to the stage of recovery.

Accounts in credit

Accounts in credit arise when an annual BID levy invoice has been paid by a business but they have left the area part way through a year. During the current and previous financial year, accounts in credit are provided for on a sliding scale depending how far back the accounts in credit relates to.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company's main source of income is a levy on businesses in The Cathedral Quarter.

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

Change in reporting period length

The company changed its accounting reference date during the year. Accordingly, these financial statements cover the period from 1st March 2025 to 31 March 2026, comprising 13 months, whereas the comparative figures cover the period from 1st March 2024 to 28 February 2025, comprising 12 months. As a result, the amounts presented for the current period are not directly comparable with those for the comparative period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2025

14,778

Additions

715

At 31 March 2026

15,493

DEPRECIATION

At 1 March 2025

11,976

Charge for period

1,692

At 31 March 2026

13,668

NET BOOK VALUE

At 31 March 2026

1,825

At 28 February 2025

2,802

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

81,447

19,409

VAT

23,872

9,555

Prepayments and accrued income

10,940

20,738

116,259

49,702

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

47,270

43,131

Tax

697

-

Social security and other taxes

3,472

1,574

Pension creditor

780

338

Other creditors

7,139

209

Accruals and deferred income

37,940

26,343

97,298

71,595

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

10,660

2,995

Between one and five years

5,330

-

15,990

2,995

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hari Vasdev MEng FCA (Senior Statutory Auditor)

for and on behalf of Sibbalds Limited