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REGISTERED NUMBER: 00683800 (England and Wales)






















Central Land Holdings Limited

Unaudited Financial Statements for the Year Ended 5th April 2024






Central Land Holdings Limited (Registered number: 00683800)






Contents of the Financial Statements
for the year ended 5th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Central Land Holdings Limited

Company Information
for the year ended 5th April 2024







DIRECTORS: J Briggs
Mrs V H Chetham
Mrs S E Fetiveau
N H Broxham
Ms L Dyas





SECRETARY: J Briggs





REGISTERED OFFICE: Kingswood House
Ashcombe Road
Kingswood
Hull
East Yorkshire
HU7 3DD





REGISTERED NUMBER: 00683800 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Central Land Holdings Limited (Registered number: 00683800)

Balance Sheet
5th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 955,819 863,947
Investments 5 10,000 10,000
965,819 873,947

CURRENT ASSETS
Stocks 8,972,955 8,841,833
Debtors 6 1,123,034 2,064,269
Prepayments and accrued income 24,664 -
Cash at bank and in hand 8,791,252 8,394,989
18,911,905 19,301,091
CREDITORS
Amounts falling due within one year 7 1,420,049 2,218,160
NET CURRENT ASSETS 17,491,856 17,082,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,457,675

17,956,878

CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Retained earnings 9 18,357,675 17,856,878
SHAREHOLDERS' FUNDS 18,457,675 17,956,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 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.

Central Land Holdings Limited (Registered number: 00683800)

Balance Sheet - continued
5th April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th November 2024 and were signed on its behalf by:




Mrs V H Chetham - Director



Mrs S E Fetiveau - Director


Central Land Holdings Limited (Registered number: 00683800)

Notes to the Financial Statements
for the year ended 5th April 2024

1. STATUTORY INFORMATION

Central Land Holdings 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
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see below).

The following principal accounting policies have been applied:

Going concern
The directors confirm that, after reviewing existing financial resources and projected cash flows and considering current and anticipated market conditions, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis has continued to be adopted in preparing the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover represents sales during the year excluding VAT. Sales of development land and properties are recognised on completion. Management charges are recognised as the services are provided. Other operating income is recognised on an accruals basis.

All turnover arose within the United Kingdom and relates to the sale of land and recharge of a management fee.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles - 5 years
Office equipment - 2 to 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Central Land Holdings Limited (Registered number: 00683800)

Notes to the Financial Statements - continued
for the year ended 5th April 2024

2. ACCOUNTING POLICIES - continued

Stocks
Land on hand and development costs are valued on a basis consistent with that of previous years at the lower of cost and estimated net realisable value.

Current and deferred taxation
Current tax, UK corporation tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is provided in full on an undiscounted basis, on all material timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in tax computations in periods different from those in which they are included in the financial statements.

A net deferred tax asset is regarded as recoverable and is recognised only when, on the basis of all available evidence, it can be regarded as more likely than not there will be sufficient taxable profits in the foreseeable future from which the reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.

Valuation of investments
Investments held as fixed assets are shown at cost less provision for impairment.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Finance costs
Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Interest income
Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

Borrowing costs
All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.

Central Land Holdings Limited (Registered number: 00683800)

Notes to the Financial Statements - continued
for the year ended 5th April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 6th April 2023 877,075 75,036 65,872 1,017,983
Additions 44,230 2,388 96,551 143,169
Disposals - (2,705 ) (65,872 ) (68,577 )
At 5th April 2024 921,305 74,719 96,551 1,092,575
DEPRECIATION
At 6th April 2023 32,929 74,997 46,110 154,036
Charge for year 18,301 2,386 16,332 37,019
Eliminated on disposal - (2,700 ) (51,599 ) (54,299 )
At 5th April 2024 51,230 74,683 10,843 136,756
NET BOOK VALUE
At 5th April 2024 870,075 36 85,708 955,819
At 5th April 2023 844,146 39 19,762 863,947

5. FIXED ASSET INVESTMENTS

The company has a 100% interest in the ordinary share capital of The Kingswood Parks Development Company Limited (formerly known as Central Land Developments Limited), a company incorporated in England and Wales. The net assets and results of this company have not been consolidated into these financial statements, under the small companies exemption per section 398 of the Companies Act 2006.

At the balance sheet date the net assets of the company amounted to £10,000 (2023 £10,000) and the profit for the year amounted to £Nil (2023 £Nil). The company has not traded in the year.

The directors are of the opinion that the market value of this investment is not less than the amount at which it is stated in these financial statements.

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 187,332 581,955
Other debtors 866,497 1,239,562
1,053,829 1,821,517

Amounts falling due after more than one year:
Other debtors 69,205 242,752

Aggregate amounts 1,123,034 2,064,269

Central Land Holdings Limited (Registered number: 00683800)

Notes to the Financial Statements - continued
for the year ended 5th April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 190,529 218,691
Amounts owed to group undertakings 10,000 10,000
Taxation and social security 230,292 875,431
Other creditors 989,228 1,114,038
1,420,049 2,218,160

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary £1 100,000 100,000

9. RESERVES
Retained
earnings
£   

At 6th April 2023 17,856,878
Profit for the year 500,797
At 5th April 2024 18,357,675

10. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 33,662

11. RELATED PARTY DISCLOSURES

During the year SE Fetiveau advanced £50,000 (2023 £50,000) and VH Chetham advanced £90,000 (2023 £50,000) on loan to the company. SE Fetiveau withdrew £43,827 (2023 £67,587) and VH Chetham £41,308 (2023 £66,067) so that at 5th April 2024 £5,841 (2023 £12,014) was due from SE Fetiveau and £198,197 (2023 £149,505) was due to VH Chetham. No interest was charged on these balances (2023 £Nil).

The company has acted as agent for a family trust during the year in developing certain areas of land. Costs incurred on behalf of the trust are fully recharged back to the trust and the outstanding balance was £Nil at the year end (2023 £Nil).