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Registration number: 13274551

172 CCR Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

172 CCR Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

172 CCR Limited

Company Information

Directors

A B Collier (ceased 24 May 2024)

O B Collier (ceased 24 May 2024)

The following directors were appointed after the year end:

M P Ruckwood (appointed 5 March 2025)

S C Philpot (appointed 5 March 2025)

S J Huntley (appointed 19 April 2024 and ceased 5 March 2025)

Registered office

Second Floor,
Magna House,
London Road
Staines-Upon-Thames
TW18 4BP

Accountants

Grant Sellers Limited
Bank Court
Manor Road
Verwood
Dorset
BH31 6DY

 

172 CCR Limited

(Registration number: 13274551)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

154,857

182,358

Current assets

 

Stocks

5

11,823,715

10,544,302

Debtors

6

11,400

36,582

Cash at bank and in hand

 

70,679

4,303

 

11,905,794

10,585,187

Creditors: Amounts falling due within one year

7

(7,091,806)

(7,216,071)

Net current assets

 

4,813,988

3,369,116

Total assets less current liabilities

 

4,968,845

3,551,474

Creditors: Amounts falling due after more than one year

7

(5,010,511)

(3,553,826)

Net liabilities

 

(41,666)

(2,352)

Capital and reserves

 

Called up share capital

8

106

106

Retained earnings

(41,772)

(2,458)

Shareholders' deficit

 

(41,666)

(2,352)

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 March 2025 and signed on its behalf by:
 

 

172 CCR Limited

(Registration number: 13274551)
Balance Sheet as at 31 March 2024 (continued)

.........................................
M P Ruckwood
Director

   
     
 

172 CCR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Second Floor,
Magna House,
London Road
Staines-Upon-Thames
TW18 4BP
England

These financial statements were authorised for issue by the Board on 19 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are presented in pound sterling and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents sales of properties, excluding value added tax, and is recognised on the date of completion. Income also includes short term rental income and is recognised on an accruals basis.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

172 CCR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight line

Motor Vehicles

15% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Inventories are carried at the lower of cost and net realisable value.The cost of work-in-progress comprises purchase cost of propertie, direct labour and construction costs and other direct costs and includes borrowing costs. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and applicable variable selling expenses

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

172 CCR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

172 CCR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

1,083

181,535

182,618

At 31 March 2024

1,083

181,535

182,618

Depreciation

At 1 April 2023

260

-

260

Charge for the year

271

27,230

27,501

At 31 March 2024

531

27,230

27,761

Carrying amount

At 31 March 2024

552

154,305

154,857

At 31 March 2023

823

181,535

182,358

5

Stocks

2024
£

2023
£

Work in progress

11,823,715

10,544,302

6

Debtors

Current

2024
£

2023
£

Other debtors

11,400

36,582

 

11,400

36,582

7

Creditors

Creditors: amounts falling due within one year

 

172 CCR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors (continued)

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

6,459,069

6,284,324

Trade creditors

 

7,572

2,150

Taxation and social security

 

4,467

4,771

Accruals and deferred income

 

76,403

2,000

Other creditors

 

544,295

922,826

 

7,091,806

7,216,071

 

172 CCR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

118,804

139,122

Other non-current financial liabilities

 

4,891,707

3,414,704

 

5,010,511

3,553,826

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £0.10 each

1,064

106

1,064

106

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

118,804

139,122

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,438,750

6,254,416

Hire purchase contracts

20,319

11,908

Other borrowings

-

18,000

6,459,069

6,284,324

 

172 CCR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

10

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

At 31 March 2024
£

A B Collier

Directors advances

1,557

1,557

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

A B Collier

Directors advances

2,800

22,357

(23,600)

1,557