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REGISTERED NUMBER: 11970303 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Concept Social Ltd

Concept Social Ltd (Registered number: 11970303)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Concept Social Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr A N Dean
Mr J A Majid





REGISTERED OFFICE: C/O Milner Smeaton Ltd
Viking House
Falcon Court
Stockton On Tees
TS183TS





REGISTERED NUMBER: 11970303 (England and Wales)





ACCOUNTANTS: Milner Smeaton
Chartered Accountants and Chartered Tax Advisers
Viking House
Falcon Court
Preston Farm
Stockton-on-Tees
TS18 3TS

Concept Social Ltd (Registered number: 11970303)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,478 17,653
Investment property 5 615,000 595,000
629,478 612,653

CURRENT ASSETS
Debtors 6 - 413
Cash at bank and in hand 9,479 880
9,479 1,293
CREDITORS
Amounts falling due within one year 7 9,917 439,693
NET CURRENT LIABILITIES (438 ) (438,400 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

629,040

174,253

CREDITORS
Amounts falling due after more than one year 8 (439,827 ) -

PROVISIONS FOR LIABILITIES (65,186 ) (45,741 )
NET ASSETS 124,027 128,512

CAPITAL AND RESERVES
Allotted, called up and fully paid share capital 100 100
Fair value reserve 195,558 195,003
Retained earnings (71,631 ) (66,591 )
124,027 128,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 1 March 2024 and were signed on its behalf by:




Mr A N Dean - Director


Concept Social Ltd (Registered number: 11970303)

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

1. STATUTORY INFORMATION

Concept Social 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.

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


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Concept Social Ltd (Registered number: 11970303)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 17,973
Additions 360
At 31 July 2023 18,333
DEPRECIATION
At 1 August 2022 320
Charge for year 3,535
At 31 July 2023 3,855
NET BOOK VALUE
At 31 July 2023 14,478
At 31 July 2022 17,653

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 595,000
Revaluations 20,000
At 31 July 2023 615,000
NET BOOK VALUE
At 31 July 2023 615,000
At 31 July 2022 595,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2021 81,837
Valuation in 2022 158,907
Valuation in 2023 20,000
Cost 354,256
615,000

If investment property had not been revalued it would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 354,256 -

Investment property was valued on an open market basis on 31 July 2023 by its Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors - 413

Concept Social Ltd (Registered number: 11970303)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Loans - 316,612
Other creditors 9,917 123,081
9,917 439,693

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 439,827 -

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans 439,827 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 439,827 -

The bank loan is secured by a fixed and floating charge over the property it relates to.