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REGISTERED NUMBER: 04109030 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Celebration Properties Limited

Celebration Properties Limited (Registered number: 04109030)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Celebration Properties Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr G S Rathour





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 04109030 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Celebration Properties Limited (Registered number: 04109030)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,350 14,116
Investment property 5 6,810,000 5,750,000
6,821,350 5,764,116

CURRENT ASSETS
Debtors 6 577,117 576,775
Cash at bank and in hand 126,946 95,032
704,063 671,807
CREDITORS
Amounts falling due within one year 7 602,477 620,502
NET CURRENT ASSETS 101,586 51,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,922,936

5,815,421

CREDITORS
Amounts falling due after more than one
year

8

(19,717

)

(41,655

)

PROVISIONS FOR LIABILITIES (671,985 ) (424,791 )
NET ASSETS 6,231,234 5,348,975

CAPITAL AND RESERVES
Called up share capital 9 2,815,760 2,815,760
Non-distributable reserve 10 2,010,681 1,304,616
Retained earnings 1,404,793 1,228,599
SHAREHOLDERS' FUNDS 6,231,234 5,348,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Celebration Properties Limited (Registered number: 04109030)

Balance Sheet - continued
30 November 2023


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 June 2024 and were signed by:





Mr G S Rathour - Director


Celebration Properties Limited (Registered number: 04109030)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Celebration 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Furniture - 33% on reducing balance

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 3 (2022 - 4 ) .

Celebration Properties Limited (Registered number: 04109030)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Furniture Totals
£    £    £   
COST
At 1 December 2022 59,385 22,771 82,156
Additions 1,749 - 1,749
Disposals (557 ) - (557 )
At 30 November 2023 60,577 22,771 83,348
DEPRECIATION
At 1 December 2022 48,383 19,657 68,040
Charge for year 2,513 1,819 4,332
Eliminated on disposal (374 ) - (374 )
At 30 November 2023 50,522 21,476 71,998
NET BOOK VALUE
At 30 November 2023 10,055 1,295 11,350
At 30 November 2022 11,002 3,114 14,116

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 5,750,000
Additions 71,648
Revaluations 988,352
At 30 November 2023 6,810,000
NET BOOK VALUE
At 30 November 2023 6,810,000
At 30 November 2022 5,750,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 6,810,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 4,129,092 4,057,444

Investment properties were valued on an open market basis on 30 November 2023 by the directors .

Celebration Properties Limited (Registered number: 04109030)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,501
Other debtors 570,665 569,020
Social security and other tax 307 -
Prepayments and accrued income 6,145 5,254
577,117 576,775

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 23,316 23,652
Trade creditors 26,772 16,960
Tax 175,801 126,951
VAT 89,336 102,671
Deposits 34,433 34,473
Directors' loan accounts 222,688 218,639
Accruals and deferred income 30,131 97,156
602,477 620,502

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,717 41,655

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,815,760 Ordinary £1 2,815,760 2,815,760

10. RESERVES
Non-distributable
reserve
£   
At 1 December 2022 1,304,616
Revaluation of investment
properties 988,352
Deferred tax provided on
revaluation of investment
properties (282,287 )

At 30 November 2023 2,010,681