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REGISTERED NUMBER: 02411994 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

Central Property Services (Southern) Ltd

Central Property Services (Southern) Ltd (Registered number: 02411994)

Contents of the Financial Statements
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Central Property Services (Southern) Ltd

Company Information
For The Year Ended 31 March 2024







DIRECTOR: A R Harradine





SECRETARIES: S Harradine
L J Ford





REGISTERED OFFICE: Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 02411994 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Central Property Services (Southern) Ltd (Registered number: 02411994)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,818 6,424
Investments 5 100 100
Investment property 6 350,000 350,000
354,918 356,524

CURRENT ASSETS
Debtors 7 1,200 1,576
Cash at bank and in hand 6,245 8,575
7,445 10,151
CREDITORS
Amounts falling due within one year 8 62,028 69,463
NET CURRENT LIABILITIES (54,583 ) (59,312 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,335

297,212

CREDITORS
Amounts falling due after more than
one year

9

(77,256

)

(94,572

)

PROVISIONS FOR LIABILITIES 11 (1,007 ) (5,687 )
NET ASSETS 222,072 196,953

Central Property Services (Southern) Ltd (Registered number: 02411994)

Balance Sheet - continued
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 86 86
Revaluation reserve 12 51,601 51,601
Capital redemption reserve 12 15 15
Retained earnings 12 170,370 145,251
SHAREHOLDERS' FUNDS 222,072 196,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 24 February 2025 and were signed by:





A R Harradine - Director


Central Property Services (Southern) Ltd (Registered number: 02411994)

Notes to the Financial Statements
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Central Property Services (Southern) Ltd 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
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at its open market value.

In accordance with SSAP 9, no depreciation is provided in respect of freehold or leasehold properties held on leases having more than twenty years unexpired. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated, is, in the opinion of the Director, necessary for the financial statements to give a true and fair view in accordance with applicable accounting standards, as the property is included in the financial statements at its open market value.

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 balance sheet date.


Central Property Services (Southern) Ltd (Registered number: 02411994)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 31,618 39,097 78,097 148,812
DEPRECIATION
At 1 April 2023 31,618 39,097 71,673 142,388
Charge for year - - 1,606 1,606
At 31 March 2024 31,618 39,097 73,279 143,994
NET BOOK VALUE
At 31 March 2024 - - 4,818 4,818
At 31 March 2023 - - 6,424 6,424

Central Property Services (Southern) Ltd (Registered number: 02411994)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Central Facilities Services Ltd
Registered office: uk
Nature of business: General property cleaning & maintenance
%
Class of shares: holding
Ordinary 100.00
31/3/24 31/3/23
£    £   
Aggregate capital and reserves 231,638 105,110
Profit for the year 126,628 104,178

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 350,000
NET BOOK VALUE
At 31 March 2024 350,000
At 31 March 2023 350,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 350,000

Central Property Services (Southern) Ltd (Registered number: 02411994)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


6. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

31/3/24 31/3/23
£    £   
Cost 298,399 298,399

The investment property was valued on an open market basis on 24 May 2016 by Kempton Carr Croft .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 1,200 1,471
Other debtors - 105
1,200 1,576

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 18,605 19,394
Trade creditors - 73
Amounts owed to associates 26,750 26,750
Tax 4,450 11,022
Other creditors 950 951
Directors' current accounts 11,273 11,273
62,028 69,463

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans - 2-5 years 50,876 72,312
Bank loans more 5 yr by instal 26,380 22,260
77,256 94,572

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 26,380 22,260

Central Property Services (Southern) Ltd (Registered number: 02411994)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 95,861 113,966

The bank overdraft is secured by a fixed and floating charge on the assets of the company.

Bank loans are secured on the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax
Accelerated capital allowances 1,007 5,687

Deferred
tax
£   
Balance at 1 April 2023 5,687
Credit to Income Statement during year (4,680 )
Balance at 31 March 2024 1,007

12. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 April 2023 145,251 51,601 15 196,867
Profit for the year 97,119 97,119
Dividends (72,000 ) (72,000 )
At 31 March 2024 170,370 51,601 15 221,986

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A R Harradine.