Company registration number 11814019 (England and Wales)
CGD7 LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
CGD7 LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CGD7 LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
4
73,730
99,192
Current assets
Debtors
5
2,288,170
2,189,428
Cash at bank and in hand
143,635
384,639
2,431,805
2,574,067
Creditors: amounts falling due within one year
6
(516,203)
(915,783)
Net current assets
1,915,602
1,658,284
Total assets less current liabilities
1,989,332
1,757,476
Provisions for liabilities
(18,433)
(24,798)
Net assets
1,970,899
1,732,678
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
1,970,898
1,732,677
Total equity
1,970,899
1,732,678

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has 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 7 July 2026 and are signed on its behalf by:
A Handa
Director
Company registration number 11814019 (England and Wales)
CGD7 LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

CGD7 Ltd is a private company (registration number: 11814019) limited by shares incorporated in England and Wales. The registered office is 32 Portland Terrace, Jesmond, Newcastle upon Tyne, NE2 1QP.

1.1
Accounting convention

These financial statements have been prepared under the historical cost convention and 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 principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% 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.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

1.6
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. Financial assets classified as receivable within one year are not amortised.

CGD7 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less.

1.7
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.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
CGD7 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 and 28 February 2025
107,293
Depreciation and impairment
At 1 March 2024
8,101
Depreciation charged in the year
25,462
At 28 February 2025
33,563
Carrying amount
At 28 February 2025
73,730
At 29 February 2024
99,192
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
79,560
42,600
Corporation tax recoverable
10,290
281
Other debtors
42,188
139,074
Amounts due from related parties
2,151,415
2,000,000
Prepayments and accrued income
4,717
7,473
2,288,170
2,189,428
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
32,460
171,786
Corporation tax
96,449
465,794
Other creditors
1,197
23,386
Amounts due to related parties
380,947
253,347
Accruals and deferred income
5,150
1,470
516,203
915,783
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
CGD7 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
8
Related party transactions

At 28 February 202 5 the company owed CGD8 Limited £380,947, a company in which A Handa and P Ahluwalia are directors. The balance is interest free and repayable on demand.

At 28 February 202 5 the company was owed £2,001,415 from CGD9 Limited, a company in which A Handa is a director and shareholder. The balance is interest free and repayable on demand.

At 28 February 202 5 the company was owed £150,000 from Madison Group Management Limited, a company in which A Handa is a director. The balance is interest free and repayable on demand.

9
Directors' transactions

At 28 February 202 5 A Handa (director) owed the company £7,740 (2024: £9 2,862 A Handa owed the company).

At 28 February 202 5 the company owed P Ahluwalia (director) £114 (2024: £833 P Ahluwalia owed the company).

10
Contingent asset

CGD7 Limited has loaned £2,000,000 to a connected company CGD9 Limited. The agreement charges no interest, and the return to CGD7 Limited is an "exit fee" payable on an "exit event". There is no set repayment date. As the exit fee becomes payable when the exit event happens and can't be reliably measured, it remains unadjusted in the financial statements.

11
Prior year adjustment

During the year, it was identified that a professional services invoice had been omitted from the 2023 financial statements. The impact of the adjustment on the prior year financial statements is an increase in the connected company creditor with CGD8 Limited of £181,035, a reduction in VAT due of £30,161 and a reduction in retained earnings of £150,874.

Furthermore, during the year it was identified that interest on the loan with CGD9 Limited should not have been adjusted for in the prior year. The impact of the adjustment on the prior year financial statements is a reduction in interest received of £33,635 and a corresponding reduction in the intercompany debtor of £33,635.

Comparative figures have been restated accordingly.

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