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REGISTERED NUMBER: 10399190 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Concordia Projects Limited

Concordia Projects Limited (Registered number: 10399190)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Concordia Projects Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr M Simpson
Mrs H Simpson





REGISTERED OFFICE: The Design Studio Thompsons Yard
Regent Parade
Harrogate
HG1 5BA





REGISTERED NUMBER: 10399190 (England and Wales)





ACCOUNTANTS: Wild & Co Chartered Accountants
Windsor House
Cornwall Road
Harrogate
HG1 2PW

Concordia Projects Limited (Registered number: 10399190)

Abridged Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,535 112,647

CURRENT ASSETS
Stocks 1,669,819 520,649
Debtors 6,823 74,118
Cash at bank 14,286 210,314
1,690,928 805,081
CREDITORS
Amounts falling due within one year 1,449,882 394,898
NET CURRENT ASSETS 241,046 410,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

339,581

522,830

CREDITORS
Amounts falling due after more than one year (21,576 ) (41,551 )

PROVISIONS FOR LIABILITIES 6 (11,254 ) (14,485 )
NET ASSETS 306,751 466,794

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 306,749 466,792
SHAREHOLDERS' FUNDS 306,751 466,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Concordia Projects Limited (Registered number: 10399190)

Abridged Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 March 2025 and were signed on its behalf by:





Mr M Simpson - Director


Concordia Projects Limited (Registered number: 10399190)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Concordia Projects 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - Straight line over 3 years
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Concordia Projects Limited (Registered number: 10399190)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under a finance lease are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit and loss to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to the profit and loss on a straight-line basis over the terms of the relevant lease except where another more systematic basis is more representative of the time pattern in which the economic benefits from the leases are consumed.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Construction
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity at the year end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that is probable will be recoverable, and contract costs are recognised as a expense in the period in which they are incurred.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is expensed immediately, with a corresponding provision for onerous contract being recognised. Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectable amount is expensed rather than recognised as an adjustment to the amount of contract revenue.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

Concordia Projects Limited (Registered number: 10399190)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 125,727
Additions 316
At 30 September 2024 126,043
DEPRECIATION
At 1 October 2023 13,080
Charge for year 14,428
At 30 September 2024 27,508
NET BOOK VALUE
At 30 September 2024 98,535
At 30 September 2023 112,647

5. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Shawbrook Bank Limited 983,872 -

Loans of £983,872 (FY23 - £nil) are secured by a fixed and floating charge over the land and buildings at Cliffe House Farm.

6. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 11,254 14,485

Deferred
tax
£   
Balance at 1 October 2023 14,485
Credit to Income Statement during year (3,231 )
Balance at 30 September 2024 11,254

Concordia Projects Limited (Registered number: 10399190)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Share capital 1 £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr M Simpson and Mrs H Simpson
Balance outstanding at start of year (48,460 ) (434,884 )
Amounts advanced (426,246 ) (429,740 )
Amounts repaid 307,486 816,164
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (167,220 ) (48,460 )

9. RELATED PARTY DISCLOSURES

The director loan of £167,220 is money advanced to the Company by the Directors as at 30 September 2024. The loan is unsecured and interest free. The loan is repayable on demand.

At the year end, the company owed Nest Kitchens Ltd, £186,453. Mr M Simpson & Mrs H Simpson were both directors of this company. This loan is interest free.