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REGISTERED NUMBER: 05576753 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

CONSTANTIA ESTATES LIMITED

CONSTANTIA ESTATES LIMITED (REGISTERED NUMBER: 05576753)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CONSTANTIA ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: J C Lewin





SECRETARY: C Lewin





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 05576753 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

CONSTANTIA ESTATES LIMITED (REGISTERED NUMBER: 05576753)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,973 4,735

CURRENT ASSETS
Stocks 991,471 484,604
Debtors 5 13,348 13,148
Cash at bank 21,385 1,364,823
1,026,204 1,862,575
CREDITORS
Amounts falling due within one year 6 3,750 814,654
NET CURRENT ASSETS 1,022,454 1,047,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,025,427

1,052,656

PROVISIONS FOR LIABILITIES 7 - 900
NET ASSETS 1,025,427 1,051,756

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 1,025,426 1,051,755
SHAREHOLDERS' FUNDS 1,025,427 1,051,756

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:




J C Lewin - Director


CONSTANTIA ESTATES LIMITED (REGISTERED NUMBER: 05576753)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Constantia Estates Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at fair value of the consideration received or receivable, excluding discounts and other similar allowances.

Revenue from the sale of property is recognised when the following conditions are satisfied:

(a) the company has transferred to the buyer the significant risks and rewards of ownership of the property;
(b) the amount of revenue can be measured reliably;
(c) it is probable that the economic benefits associated with the transaction will flow to the company;
(d) the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of property is recognised when legal title has passed.

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 - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

CONSTANTIA ESTATES LIMITED (REGISTERED NUMBER: 05576753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 49,296 11,373 9,769 70,438
Additions 1,524 - - 1,524
At 31 May 2024 50,820 11,373 9,769 71,962
DEPRECIATION
At 1 June 2023 45,402 11,279 9,022 65,703
Charge for year 2,878 24 384 3,286
At 31 May 2024 48,280 11,303 9,406 68,989
NET BOOK VALUE
At 31 May 2024 2,540 70 363 2,973
At 31 May 2023 3,894 94 747 4,735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,348 13,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 100 -
Taxation and social security - 239,976
Other creditors 3,650 574,678
3,750 814,654

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 900

CONSTANTIA ESTATES LIMITED (REGISTERED NUMBER: 05576753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 900
Credit to Statement of Income and Retained Earnings during year (900 )
Tax losses
Balance at 31 May 2024 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary £0.01 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 May 2024 and the period ended 31 May 2023:

2024 2023
£    £   
J C Lewin
Balance outstanding at start of year (566,976 ) (525,159 )
Amounts advanced 694,622 92,042
Amounts repaid (124,740 ) (133,859 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,906 (566,976 )