Codemeal Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC272462

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		999,000		1,116,000

			999,000		1,116,000
CURRENT ASSETS
Debtors	5	161,500		-
Cash at bank and in hand		39,299		73,492

		200,799		73,492
Creditors: Amounts Falling Due Within One Year	6	(421,915 )		(386,219 )

NET CURRENT ASSETS (LIABILITIES)			(221,116 )		(312,727 )

TOTAL ASSETS LESS CURRENT LIABILITIES			777,884		803,273

Creditors: Amounts Falling Due After More Than One Year	7		(70,067 )		(100,963 )

NET ASSETS			707,817		702,310

CAPITAL AND RESERVES
Called up share capital	9		90		90
Fair value reserve	10		293,088		323,384
Profit and Loss Account			414,639		378,836

SHAREHOLDERS' FUNDS			707,817		702,310

Page 1

Page 2

Codemeal Limited

Balance Sheet (continued)

As At 25 February 2026

For the year ending 25 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Bruce Director	Mr Rizvan Aboobaker Director
20th October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Codemeal Limited is a private company, limited by shares, incorporated in Scotland, registered number SC272462 . The registered office is 211a Albert Street, Dundee, Tayside, DD4 6QA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents all income generated from the company's principal activities.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees during the year was as follows: NIL (2025: NIL)

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 26 February 2025	1,116,000
Disposals	(86,704 )
Revaluation	(30,296 )

As at 25 February 2026	999,000

Net Book Value
As at 25 February 2026	999,000

As at 26 February 2025	1,116,000

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Codemeal Limited

Notes to the Financial Statements (continued)

For The Year Ended 25 February 2026

Cost or valuation as at 25 February 2026 represented by:

	Investment Properties
	£
At cost	999,000

	999,000

The investment properties were valued on a fair value basis on 29th August 2024 by the directors. The cost of these investment properties was £705,912 (2025 - £792,616).

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	161,500	-

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	40,818	41,516
Other creditors	366,901	329,486
Taxation and social security	14,196	15,217

	421,915	386,219

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	70,067	100,963

8. Secured Creditors

Of the creditors the following amounts are secured.

	2026		2025
	£		£
Bank loans and overdrafts	107,459		134,011

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Codemeal Limited

Notes to the Financial Statements (continued)

For The Year Ended 25 February 2026

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	90	90

10. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 26 February 2025	323,384	378,836
Profit for the year and total comprehensive income	-	35,803

Movements in fair value reserve	(30,296)	-

As at 25 February 2026	293,088	414,639

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