REGISTERED NUMBER: 09073600 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CONCENTRIC TECHNOLOGIES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

624,313

624,412

CURRENT ASSETS

Debtors

5

1,368

1,368

Cash at bank

2,791

1,204

4,159

2,572

CREDITORS

Amounts falling due within one year

6

100

100

NET CURRENT ASSETS

4,059

2,472

TOTAL ASSETS LESS CURRENT LIABILITIES

628,372

626,884

CAPITAL AND RESERVES

Called up share capital

481,000

481,000

Capital redemption reserve

144,000

144,000

Retained earnings

3,372

1,884

SHAREHOLDERS' FUNDS

628,372

626,884

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:

K F Ross - Director

1.	STATUTORY INFORMATION

Concentric Technologies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09073600

Registered office:

Turnpike Gate House

Alcester Heath

Alcester

Warwickshire

B49 5JG

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.

Preparation of consolidated financial statements

The financial statements contain information about Concentric Technologies Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Going concern

The company participates in the group's centralised treasury arrangements and so shares banking arrangements with its subsidiaries.

The directors have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of Concentric Technologies group to continue as a going concern or its ability to continue with the current banking arrangements.

On the basis of their assessment of the company's financial position the directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 January 2024

175,101

449,311

624,412

Impairments

(99

)

-

(99

)

At 31 December 2024

175,002

449,311

624,313

NET BOOK VALUE

At 31 December 2024

175,002

449,311

624,313

At 31 December 2023

175,101

449,311

624,412

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by participating interests

1,368

1,368

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

100

100

7.	RELATED PARTY DISCLOSURES

In accordance with FRS 102 section 33, the company has taken advantage of the exemption available not to disclose details of transactions entered into between wholly owned subsidiaries.

As at the balance sheet date, the following amounts were outstanding from related parties; Geomant UK Limited £1,368 (2023: 1,368).