IRIS Accounts Production v25.1.3.33 11069138 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110691382024-03-31110691382025-03-31110691382024-04-012025-03-31110691382023-03-31110691382023-04-012024-03-31110691382024-03-3111069138ns15:EnglandWales2024-04-012025-03-3111069138ns14:PoundSterling2024-04-012025-03-3111069138ns10:Director12024-04-012025-03-3111069138ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3111069138ns10:SmallEntities2024-04-012025-03-3111069138ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3111069138ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3111069138ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3111069138ns10:FullAccounts2024-04-012025-03-3111069138ns10:Director22024-04-012025-03-3111069138ns10:RegisteredOffice2024-04-012025-03-3111069138ns5:CurrentFinancialInstruments2025-03-3111069138ns5:CurrentFinancialInstruments2024-03-3111069138ns5:ShareCapital2025-03-3111069138ns5:ShareCapital2024-03-3111069138ns5:RevaluationReserve2025-03-3111069138ns5:RevaluationReserve2024-03-3111069138ns5:RetainedEarningsAccumulatedLosses2025-03-3111069138ns5:RetainedEarningsAccumulatedLosses2024-03-3111069138ns5:PlantMachinery2024-04-012025-03-3111069138ns5:FurnitureFittings2024-04-012025-03-3111069138ns5:ComputerEquipment2024-04-012025-03-3111069138ns5:PlantMachinery2024-03-3111069138ns5:FurnitureFittings2024-03-3111069138ns5:ComputerEquipment2024-03-3111069138ns5:PlantMachinery2025-03-3111069138ns5:FurnitureFittings2025-03-3111069138ns5:ComputerEquipment2025-03-3111069138ns5:PlantMachinery2024-03-3111069138ns5:FurnitureFittings2024-03-3111069138ns5:ComputerEquipment2024-03-3111069138ns5:RevaluationReserve2024-03-31
REGISTERED NUMBER: 11069138 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CIRCA 10 LIMITED

CIRCA 10 LIMITED (REGISTERED NUMBER: 11069138)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CIRCA 10 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: S D Martin
Mrs A T Martin





REGISTERED OFFICE: 9 The Courtyard
Stans Way
East Street
Horsham
West Sussex
RH12 1HU





REGISTERED NUMBER: 11069138 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

CIRCA 10 LIMITED (REGISTERED NUMBER: 11069138)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 2,188 2,682
Investment property 4 1,710,000 1,710,000
1,712,188 1,712,682

CURRENT ASSETS
Debtors 5 2,279 2,419
Cash at bank 249,617 214,677
251,896 217,096
CREDITORS
Amounts falling due within one year 6 30,377 20,621
NET CURRENT ASSETS 221,519 196,475
TOTAL ASSETS LESS CURRENT LIABILITIES 1,933,707 1,909,157

PROVISIONS FOR LIABILITIES 123,322 123,416
NET ASSETS 1,810,385 1,785,741

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 646,876 646,876
Retained earnings 1,163,409 1,138,765
1,810,385 1,785,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 5 June 2025 and were signed on its behalf by:





S D Martin - Director


CIRCA 10 LIMITED (REGISTERED NUMBER: 11069138)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 2,823 1,153 1,669 5,645
Additions - - 666 666
Disposals - - (509 ) (509 )
At 31 March 2025 2,823 1,153 1,826 5,802
DEPRECIATION
At 1 April 2024 1,373 580 1,010 2,963
Charge for year 363 289 508 1,160
Eliminated on disposal - - (509 ) (509 )
At 31 March 2025 1,736 869 1,009 3,614
NET BOOK VALUE
At 31 March 2025 1,087 284 817 2,188
At 31 March 2024 1,450 573 659 2,682

CIRCA 10 LIMITED (REGISTERED NUMBER: 11069138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 1,710,000
NET BOOK VALUE
At 31 March 2025 1,710,000
At 31 March 2024 1,710,000

The investment property has been valued in the balance sheet at its open market valuation of £1,710,000. This valuation has been made by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments 2,279 2,419

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax 6,199 4,181
Social security and other taxes 684 854
VAT 5,684 436
Directors' loan accounts 3,774 2,462
Accruals and deferred income 12,195 10,920
Accrued expenses 1,841 1,768
30,377 20,621

7. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 646,876

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year S Martin and Mrs A Martin increased their loan to the company. As at 31 March 2025 the company owed them £3,774 (2024: £2,462) This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, the company paid S Martin and Mrs A Martin rent amounting to £312 as a result of utilising office space within their home.

9. ULTIMATE CONTROLLING PARTY

The controlling party is S D Martin and Mrs A T Martin.

This was by virtue of their 50% each holding of the issued share capital.