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Company No: 10579821 (England and Wales)

CAPITAL & CENTRIC (RESURRECTION) LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

CAPITAL & CENTRIC (RESURRECTION) LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

CAPITAL & CENTRIC (RESURRECTION) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
CAPITAL & CENTRIC (RESURRECTION) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
2024 2023
£ £
Current assets
Debtors 3 847,315 3,115,518
Cash at bank and in hand 73,257 92,982
920,572 3,208,500
Creditors: amounts falling due within one year 4 ( 98,589) ( 815,320)
Net current assets 821,983 2,393,180
Total assets less current liabilities 821,983 2,393,180
Net assets 821,983 2,393,180
Capital and reserves
Called-up share capital 5 200 200
Profit and loss account 821,783 2,392,980
Total shareholder's funds 821,983 2,393,180

For the financial 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.

Directors' responsibilities:

The financial statements of Capital & Centric (Resurrection) Limited (registered number: 10579821) were approved and authorised for issue by the Board of Directors on 28 January 2025. They were signed on its behalf by:

Richard Mark Mathias
Director
CAPITAL & CENTRIC (RESURRECTION) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
CAPITAL & CENTRIC (RESURRECTION) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Capital & Centric (Resurrection) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor Stratus House Emperor Way, Exeter Business Park, Exeter, EX1 3QS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 3

3. Debtors

2024 2023
£ £
Trade debtors 0 711,206
Amounts owed by Parent undertakings 840,200 2,400,867
VAT recoverable 7,115 3,445
847,315 3,115,518

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 3,275 0
Accruals 95,314 812,318
Other taxation and social security 0 3,002
98,589 815,320

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
110 A ordinary shares of £ 1.00 each 110 110
90 B ordinary shares of £ 1.00 each 90 90
200 200

6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Amount owed by parent company 840,200 2,400,867

Dividends were declared during the year totalling £1,500,000 (2022: £nil).