2022-09-01 08692901 2023-08-31 08692901 2022-09-01 2023-08-31 08692901 2022-08-31 08692901 2021-09-01 2022-08-31 08692901 uk-core:WithinOneYear 2022-08-31 08692901 uk-core:WithinOneYear 2023-08-31 08692901 uk-core:AfterOneYear 2022-08-31 08692901 uk-core:AfterOneYear 2023-08-31 08692901 uk-core:ShareCapital 2023-08-31 08692901 uk-core:ShareCapital 2022-08-31 08692901 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 08692901 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 08692901 uk-bus:Director1 2022-09-01 2023-08-31 08692901 uk-core:ComputerEquipment 2022-09-01 2023-08-31 08692901 uk-core:FurnitureFittings 2022-09-01 2023-08-31 08692901 uk-core:WithinOneYear 2023-08-31 08692901 uk-core:WithinOneYear 2022-08-31 08692901 uk-core:AfterOneYear uk-core:Secured 2023-08-31 08692901 uk-core:AfterOneYear uk-core:Secured 2022-08-31 iso4217:GBP xbrli:pure 08692901 uk-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08692901 uk-bus:FRS102 2022-09-01 2023-08-31 08692901 uk-bus:FilletedAccounts 2022-09-01 2023-08-31 08692901 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
The Centre Properties (UK) Limited
Registered Number:08692901
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
The Centre Properties (UK) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08692901
As at 31 August 2023
The Centre Properties (UK) Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
15,150
21,200
2
1,269,730
1,269,730
Investment property
1,284,880
1,290,930
Current assets
Trade and other receivables
-
14,000
3
17,484
Cash and cash equivalents
28,154
42,154
17,484
Trade and other payables: amounts falling due within one
year
(200,027)
(246,541)
4
(182,543)
(204,387)
Net current liabilities
Total assets less current liabilities
1,080,493
1,108,387
Trade and other payables: amounts falling due after more
than one year
(604,776)
(537,207)
5
(75,648)
(75,648)
Provisions for liabilities
467,638
Net assets
427,963
Capital and reserves
Called up share capital
200
200
Retained earnings
467,438
427,763
467,638
427,963
Shareholders' funds
For the year ended 31 August 2023 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Tirlochan Singh Sachdeva Director
These financial statements were approved and authorised for issue by the Board on 31 August 2024 and were signed by:
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4
Registered Number :
08692901
For the year ended 31 August 2023
The Centre Properties (UK) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 August 2023
The Centre Properties (UK) Limited
Notes to the Financial Statements
Statutory Information
The Centre Properties (UK) Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08692901.
Registered address:
3 Welley Avenue
Wraysbury
Staines-Upon-Thames
TW19 5HE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There
were no material departures from that standard.
Property, plant and equipment
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
20 Reducing balance
Computer Equipment
25 Straight line
Furniture and Fittings
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" 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.
Short term debtors are measured at transaction price less any provisions for impairment. Loans receivable are
measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the
effective interest method, less any provision for impairment.
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other
loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs
using the effective interest method.
Non distributable reserves
Profit and loss reserves contains Non distributable reserves for £321,182 (2018: £321,182) net of the related
deferred tax deriving from the fair value adjustment of investment properties.
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6
For the year ended 31 August 2023
The Centre Properties (UK) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 September 2022
21,200
At 31 August 2023
21,200
Provision for depreciation and impairment
Charge for year
6,050
At 31 August 2023
6,050
At 31 August 2023
Net book value
15,150
At 31 August 2022
21,200
3. Trade and other receivables
2022
2023
£
£
Other debtors
14,000
-
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
100,188
81,825
Taxation and social security
19,162
16,850
Other creditors
127,191
101,352
246,541
200,027
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
537,207
604,776
6. Average number of persons employed
During the year the average number of employees was 0
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