Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-20falsefalse2023-06-01No description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12357637 2023-06-01 2024-05-31 12357637 2022-06-01 2023-05-31 12357637 2024-05-31 12357637 2023-05-31 12357637 c:Director1 2023-06-01 2024-05-31 12357637 c:Director2 2023-06-01 2024-05-31 12357637 c:RegisteredOffice 2023-06-01 2024-05-31 12357637 d:FreeholdInvestmentProperty 2024-05-31 12357637 d:FreeholdInvestmentProperty 2023-05-31 12357637 d:FreeholdInvestmentProperty 2 2023-06-01 2024-05-31 12357637 d:CurrentFinancialInstruments 2024-05-31 12357637 d:CurrentFinancialInstruments 2023-05-31 12357637 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12357637 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12357637 d:ShareCapital 2024-05-31 12357637 d:ShareCapital 2023-05-31 12357637 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 12357637 d:RetainedEarningsAccumulatedLosses 2024-05-31 12357637 d:RetainedEarningsAccumulatedLosses 2023-05-31 12357637 c:FRS102 2023-06-01 2024-05-31 12357637 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12357637 c:FullAccounts 2023-06-01 2024-05-31 12357637 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12357637 f:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 12357637







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


CENTENARY QUAY 2 LIMITED






































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CENTENARY QUAY 2 LIMITED
 


 
COMPANY INFORMATION


Directors
S C Philpot 
M P Ruckwood 




Registered number
12357637



Registered office
Centrum House
36 Station Road

Egham

Surrey

TW20 9LF




Trading Address
Milewood House
Hightown Hill

Ringwood

Hampshire

BH24 3HE






Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


CENTENARY QUAY 2 LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


CENTENARY QUAY 2 LIMITED
REGISTERED NUMBER:12357637



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
6,000,000
3,300,000

  
6,000,000
3,300,000

Current assets
  

Debtors: amounts falling due within one year
 5 
269,718
231,664

Cash at bank and in hand
  
31,157
7,951

  
300,875
239,615

Creditors: amounts falling due within one year
 6 
(2,671,162)
(2,463,018)

Net current liabilities
  
 
 
(2,370,287)
 
 
(2,223,403)

Total assets less current liabilities
  
3,629,713
1,076,597

Provisions for liabilities
  

Deferred tax
  
(997,461)
(322,461)

  
 
 
(997,461)
 
 
(322,461)

Net assets
  
2,632,252
754,136


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Profit and loss account
 7 
2,627,252
749,136

  
2,632,252
754,136


Page 1

 


CENTENARY QUAY 2 LIMITED
REGISTERED NUMBER:12357637


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S C Philpot
Director
Date: 20 May 2025

The notes on pages 3 to 6 form part of these financial statements

Page 2

 


CENTENARY QUAY 2 LIMITED
 


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

1.


General information

Centenary Quay 2 Limited is a private company, limited by shares, registered in England and Wales. The company's registered office 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, no significant judgements or estimates have been used by management in assessing the appropriateness of going concern.

 
2.3

Revenue

Revenue is generated from the rental of investment property and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 


CENTENARY QUAY 2 LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
Page 4

 


CENTENARY QUAY 2 LIMITED
 


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

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
3,300,000


Surplus on revaluation
2,700,000



At 31 May 2024
6,000,000

The 2024 valuations were made by an independant land consultant, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


Net surplus/(deficit) in movement properties
2,992,381
967,831

At 31 May 2024
2,992,381
967,831



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:


 

Page 5

 


CENTENARY QUAY 2 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
 
4.Investment property (continued)

2024
2023
£
£


Historic cost
2,010,158
2,010,158

2,010,158
2,010,158


5.


Debtors

2024
2023
£
£


Trade debtors
54,970
49,195

Other debtors
211,128
180,128

Prepayments and accrued income
3,620
2,341

269,718
231,664



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
39,008
33,588

Other taxation and social security
13,284
3,405

Other creditors
2,457,742
2,363,666

Accruals and deferred income
161,128
62,359

2,671,162
2,463,018



7.


Reserves

Profit and loss account

Inculuded in the profit and loss reserve are non distributable reserves attributable to investment property revaluations of £2,992,381 (2023 - £967,381). This consists of £3,989,842 (2023 - £1,289,842) of property revaluations less £997,461 (2023 - £322,461) of deferred tax provided on the revaluations.


8.


Related party transactions

Included in debtors is £206,128 (2023 - £175,128) of funding provided to related party businesses in which the directors have a participating interest.
Included in creditors is £2,028,360 (2023 - Nil) of funding received from related party businesses in which the directors have a participating interest.

 
Page 6