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REGISTERED NUMBER: 08391538 (England and Wales)















Concrete Canvas Properties Limited

Financial Statements for the Year Ended 31 August 2023






Concrete Canvas Properties Limited (Registered number: 08391538)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Concrete Canvas Properties Limited

Company Information
for the Year Ended 31 August 2023







Directors: Mr P E Brewin
Mr W C Crawford
Mr R D Winter





Registered office: CCHQ
Cowbridge Road
Talbot Green
Pontyclun
CF72 8HL





Registered number: 08391538 (England and Wales)





Auditors: Haines Watts Wales LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Concrete Canvas Properties Limited (Registered number: 08391538)

Balance Sheet
31 August 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 3,461,297 3,522,272

Current assets
Debtors 5 - 83,884
Cash at bank 712,365 1,212,696
712,365 1,296,580
Creditors
Amounts falling due within one year 6 (3,042,291 ) (3,782,559 )
Net current liabilities (2,329,926 ) (2,485,979 )
Total assets less current liabilities 1,131,371 1,036,293

Capital and reserves
Called up share capital 7 958 958
Retained earnings 1,130,413 1,035,335
Shareholders' funds 1,131,371 1,036,293

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 26 January 2024 and were signed on its behalf by:





Mr W C Crawford - Director


Concrete Canvas Properties Limited (Registered number: 08391538)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. Statutory information

Concrete Canvas Properties Limited 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.

Going concern
The financial statements have been prepared on a going concern basis which assumes the company will continue in operational existence for the foreseeable future. In making their assessment the directors have reviewed the balance sheet, the likely future cash flows of the business and have considered facilities that are in place at the date of signing the report.

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

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2-10% on cost
Fixtures and fittings - 10% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial InstrumentS and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its 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.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Concrete Canvas Properties Limited (Registered number: 08391538)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. Accounting policies - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

4. Tangible fixed assets
Fixtures
Freehold and
property fittings Totals
£    £    £   
Cost
At 1 September 2022
and 31 August 2023 3,781,394 21,133 3,802,527
Depreciation
At 1 September 2022 266,964 13,291 280,255
Charge for year 59,408 1,567 60,975
At 31 August 2023 326,372 14,858 341,230
Net book value
At 31 August 2023 3,455,022 6,275 3,461,297
At 31 August 2022 3,514,430 7,842 3,522,272

Included in cost of land and buildings is freehold land of £ 1,125,000 (2022 - £ 1,125,000 ) which is not depreciated.

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by group undertakings - 83,884

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Amounts owed to group undertakings 3,041,309 3,781,809
Accrued expenses 982 750
3,042,291 3,782,559

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
958,161 Ordinary shares of £0.001 958.0 0 958 958

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Victoria Carter (Senior Statutory Auditor)
for and on behalf of Haines Watts Wales LLP, Statutory Auditors

Concrete Canvas Properties Limited (Registered number: 08391538)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. Ultimate controlling party

The parent company is Concrete Canvas Group Limited. A copy of the group accounts can be found on Companies House.