0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,829 524 2,353 1,651 175 1,826 527 178 xbrli:pure xbrli:shares iso4217:GBP 02241385 2023-04-01 2024-03-31 02241385 2024-03-31 02241385 2023-03-31 02241385 2022-04-01 2023-03-31 02241385 2023-03-31 02241385 2022-03-31 02241385 core:FurnitureFittings 2023-04-01 2024-03-31 02241385 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 02241385 bus:Director2 2023-04-01 2024-03-31 02241385 core:WithinOneYear 2024-03-31 02241385 core:WithinOneYear 2023-03-31 02241385 core:FurnitureFittings 2023-03-31 02241385 core:FurnitureFittings 2024-03-31 02241385 core:AfterOneYear 2024-03-31 02241385 core:AfterOneYear 2023-03-31 02241385 core:ShareCapital 2024-03-31 02241385 core:ShareCapital 2023-03-31 02241385 core:RetainedEarningsAccumulatedLosses 2024-03-31 02241385 core:RetainedEarningsAccumulatedLosses 2023-03-31 02241385 core:FurnitureFittings 2023-03-31 02241385 bus:Director1 2023-04-01 2024-03-31 02241385 bus:SmallEntities 2023-04-01 2024-03-31 02241385 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02241385 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02241385 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02241385 bus:FullAccounts 2023-04-01 2024-03-31 02241385 bus:OrdinaryShareClass1 2024-03-31 02241385 bus:OrdinaryShareClass1 2023-03-31
COMPANY REGISTRATION NUMBER: 02241385
CENTRAL & PROVINCIAL PROPERTIES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
CENTRAL & PROVINCIAL PROPERTIES LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
CENTRAL & PROVINCIAL PROPERTIES LTD
BALANCE SHEET
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
527
178
Current assets
Debtors
5
610,454
617,312
Cash at bank and in hand
7,500
28,329
------------
------------
617,954
645,641
Creditors: amounts falling due within one year
6
( 480,812)
( 510,592)
------------
------------
Net current assets
137,142
135,049
------------
------------
Total assets less current liabilities
137,669
135,227
Creditors: amounts falling due after more than one year
7
( 5,573)
( 9,753)
------------
------------
Net assets
132,096
125,474
------------
------------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
131,996
125,374
------------
------------
Shareholders funds
132,096
125,474
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 November 2024 , and are signed on behalf of the board by:
T W Archer
Director
Company registration number: 02241385
CENTRAL & PROVINCIAL PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents net invoiced sales of services, excluding value added tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 April 2023
1,829
1,829
Additions
524
524
------------
------------
At 31 March 2024
2,353
2,353
------------
------------
Depreciation
At 1 April 2023
1,651
1,651
Charge for the year
175
175
------------
------------
At 31 March 2024
1,826
1,826
------------
------------
Carrying amount
At 31 March 2024
527
527
------------
------------
At 31 March 2023
178
178
------------
------------
5. Debtors
2024
2023
£
£
Trade debtors
6,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest
610,200
611,298
Other debtors
254
14
------------
------------
610,454
617,312
------------
------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,180
4,180
Amounts owed to group undertakings
470,160
490,159
Accruals and deferred income
5,000
5,000
Corporation tax
1,472
7,427
Social security and other taxes
3,826
------------
------------
480,812
510,592
------------
------------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,573
9,753
------------
------------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
9. Related party transactions
Included in debtors at note 7 is a loan of £610,200 (2023: £611,298) owed by a group company. The loan is unsecured, repayable on demand and currently interest free. Included in creditors at note 8 above is a loan from the parent company of £470,160 (2023: £490,159). The loan is unsecured, repayable on demand and currently interest free. Control of the company The company is a wholly-owned subsidiary of Central & Provincial Capital Limited, a company registered in Guernsey. This company is controlled by R A Archer.