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Company Registration No. 11758831 (England and Wales)
Cerc Properties Limited Unaudited accounts for the year ended 30 June 2024
Cerc Properties Limited Unaudited accounts Contents
Page
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Cerc Properties Limited Company Information for the year ended 30 June 2024
Directors
D I Carp S J Earp G J Chaffey
Secretary
D I Carp
Company Number
11758831 (England and Wales)
Registered Office
FROST STREET FARMHOUSE THURLBEAR TAUNTON TA3 5BA UNITED KINGDOM
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Cerc Properties Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,318 
2,707 
Investment property
798,836 
678,105 
800,154 
680,812 
Current assets
Cash at bank and in hand
4,340 
7,498 
Creditors: amounts falling due within one year
(701,099)
(596,294)
Net current liabilities
(696,759)
(588,796)
Total assets less current liabilities
103,395 
92,016 
Creditors: amounts falling due after more than one year
(33,708)
(40,450)
Net assets
69,687 
51,566 
Capital and reserves
Called up share capital
21 
21 
Profit and loss account
69,666 
51,545 
Shareholders' funds
69,687 
51,566 
For the year ending 30 June 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 January 2025 and were signed on its behalf by
D I Carp Director Company Registration No. 11758831
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Cerc Properties Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Cerc Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11758831. The registered office is FROST STREET FARMHOUSE, THURLBEAR, TAUNTON, TA3 5BA, UNITED KINGDOM.
2
Compliance with accounting standards
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Cerc Properties Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
6,946 
At 30 June 2024
6,946 
Depreciation
At 1 July 2023
4,239 
Charge for the year
1,389 
At 30 June 2024
5,628 
Net book value
At 30 June 2024
1,318 
At 30 June 2023
2,707 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
678,105 
Additions
120,731 
At 30 June 2024
798,836 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,741 
6,741 
Taxes and social security
4,576 
4,341 
Other creditors
144,100 
143,350 
Loans from directors
544,979 
439,979 
Accruals
403 
403 
Deferred income
300 
1,480 
701,099 
596,294 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
33,708 
40,450 
Aggregate of amounts that fall due for payment after five years
6,742 
13,484 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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