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REGISTERED NUMBER: 06028707 (England and Wales)















Financial Statements

for the Year Ended 30 June 2024

for

Centrium Freehold Limited

Centrium Freehold Limited (Registered number: 06028707)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Centrium Freehold Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P O'Mahoney
B T Lopez
M E Rimmer
C W L Chu
J M Fidler
A Mathew
P F Gill
J R Tuck
R Santosh





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 06028707 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Centrium Freehold Limited (Registered number: 06028707)

Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £   
FIXED ASSETS
Investment property 5 769,000 769,000

CURRENT ASSETS
Debtors 6 14,240 7,995
Cash at bank 20,118 28,372
34,358 36,367
CREDITORS
Amounts falling due within one year 7 (18,553 ) (18,198 )
NET CURRENT ASSETS 15,805 18,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

784,805

787,169

CREDITORS
Amounts falling due after more than one
year

8

(43,299

)

(51,492

)
NET ASSETS 741,506 735,677

CAPITAL AND RESERVES
Called up share capital 122 122
Share premium 417,205 417,205
Fair value reserve 10 192,516 192,516
Retained earnings 131,663 125,834
741,506 735,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Centrium Freehold Limited (Registered number: 06028707)

Statement of Financial Position - continued
30 June 2024


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 September 2024 and were signed on its behalf by:





B T Lopez - Director


Centrium Freehold Limited (Registered number: 06028707)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Centrium Freehold 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received or receivable, excluding discounts, rebates and value added tax.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Centrium Freehold Limited (Registered number: 06028707)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 July 2023
and 30 June 2024 769,000
Net book value
At 30 June 2024 769,000
At 30 June 2023 769,000

The investment property consists of freehold land and buildings known as the Centrium development in Woking, Surrey and is shown at its most recent open market value.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 14,240 7,995

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 8,126 8,058
Taxation and social security 1,248 1,360
Other creditors 9,179 8,780
18,553 18,198

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Bank loans 43,299 51,492

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 10,795 19,260

9. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 30/6/23
£    £   
Bank loans 51,425 59,550

The bank loans are secured on the investment property.

Centrium Freehold Limited (Registered number: 06028707)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. RESERVES

Reserves of the company represent the following:

Share premium
Consideration received for shares issued above their nominal value net of transaction costs.

Fair value reserve
The cumulative revaluation gains and losses in respect of the investment property less deferred taxation.

Retained earnings
The cumulative profits and losses of the company. In accordance with the memorandum and articles of association this is non-distributable to the members.