Registered number
12317982
Close Estates Ltd
Filleted Accounts
30 November 2024
Close Estates Ltd
Registered number: 12317982
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,093,585 1,729,883
Current assets
Debtors 4 5,535 12,174
Cash at bank and in hand 6,911 14,732
12,446 26,906
Creditors: amounts falling due within one year 5 (961,510) (773,531)
Net current liabilities (949,064) (746,625)
Total assets less current liabilities 1,144,521 983,258
Creditors: amounts falling due after more than one year 6 (1,124,879) (930,898)
Net assets 19,642 52,360
Capital and reserves
Called up share capital 50 50
Profit and loss account 19,592 52,310
Shareholders' funds 19,642 52,360
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs A Gerber
Director
Approved by the board on 22 May 2025
Close Estates Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 1,683,776 1,265 56,290 1,741,331
Additions 372,869 - - 372,869
At 30 November 2024 2,056,645 1,265 56,290 2,114,200
Depreciation
At 1 December 2023 - 190 11,258 11,448
Charge for the year - 161 9,006 9,167
At 30 November 2024 - 351 20,264 20,615
Net book value
At 30 November 2024 2,056,645 914 36,026 2,093,585
At 30 November 2023 1,683,776 1,075 45,032 1,729,883
4 Debtors 2024 2023
£ £
Trade debtors 5,535 12,174
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 961,510 773,531
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,124,879 930,898
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 1,124,879 930,898
The security is by way of a charge on properties owned by the company.
8 Other information
Close Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o B Olsberg
Room 9 Enterprise House
3 Middleton Rd
Manchester
M8 5DT
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