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REGISTERED NUMBER: 01024396 (England and Wales)









Unaudited Financial Statements

for the Year Ended 14 October 2024

for

Constant Estates Limited

Constant Estates Limited (Registered number: 01024396)






Contents of the Financial Statements
for the Year Ended 14 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Constant Estates Limited

Company Information
for the Year Ended 14 October 2024







DIRECTORS: D S Coates
M R Grizaard





REGISTERED OFFICE: Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR





REGISTERED NUMBER: 01024396 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

Constant Estates Limited (Registered number: 01024396)

Balance Sheet
14 October 2024

14.10.24 14.10.23
Notes £ £
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,290,601 1,954,714
2,290,601 1,954,714

CURRENT ASSETS
Debtors 6 33,135 43,519
Cash at bank 341,231 490,147
374,366 533,666
CREDITORS
Amounts falling due within one year 7 (17,813 ) (20,498 )
NET CURRENT ASSETS 356,553 513,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,647,154

2,467,882

PROVISIONS FOR LIABILITIES 8 (377,997 ) (377,997 )
NET ASSETS 2,269,157 2,089,885

CAPITAL AND RESERVES
Called up share capital 9 11 11
Fair value reserve 10 1,223,558 1,223,558
Retained earnings 10 1,045,588 866,316
SHAREHOLDERS' FUNDS 2,269,157 2,089,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 14 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 14 October 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.

Constant Estates Limited (Registered number: 01024396)

Balance Sheet - continued
14 October 2024


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 22 May 2025 and were signed on its behalf by:





M R Grizaard - Director


Constant Estates Limited (Registered number: 01024396)

Notes to the Financial Statements
for the Year Ended 14 October 2024

1. STATUTORY INFORMATION

Constant Estates 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 as modified by the revaluation of certain assets.

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.

Fixtures and fittings 25% reducing balance
Motor vehicles 25% reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Constant Estates Limited (Registered number: 01024396)

Notes to the Financial Statements - continued
for the Year Ended 14 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 15 October 2023
and 14 October 2024 15,812
DEPRECIATION
At 15 October 2023
and 14 October 2024 15,812
NET BOOK VALUE
At 14 October 2024 -
At 14 October 2023 -

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 15 October 2023 1,954,714
Additions 335,887
At 14 October 2024 2,290,601
NET BOOK VALUE
At 14 October 2024 2,290,601
At 14 October 2023 1,954,714

Fair value at 14 October 2024 is represented by:
£
Valuation in 2018 1,630,217
Valuation in 2021 324,497
Valuation in 2024 335,887
2,290,601

If Investment property had not been revalued they would have been included at the following historical cost:

14.10.24 14.10.23
£ £
Cost 778,610 442,723

Investment property were valued on an open market basis on 23 September 2018 by N G Simpson RICS .

Constant Estates Limited (Registered number: 01024396)

Notes to the Financial Statements - continued
for the Year Ended 14 October 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
14.10.24 14.10.23
£ £
Trade debtors 33,135 31,519
Other debtors - 12,000
33,135 43,519

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
14.10.24 14.10.23
£ £
Corporation tax 13,297 15,918
Other creditors - 64
Accrued expenses 4,516 4,516
17,813 20,498

8. PROVISIONS FOR LIABILITIES
14.10.24 14.10.23
£ £
Deferred tax 377,997 377,997

Deferred tax
£
Balance at 15 October 2023 377,997
Balance at 14 October 2024 377,997

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 14.10.24 14.10.23
value: £ £
11 Ordinary £1 11 11

10. RESERVES
Retained Fair value
earnings reserve Totals
£ £ £

At 15 October 2023 866,316 1,223,558 2,089,874
Profit for the year 179,272 179,272
At 14 October 2024 1,045,588 1,223,558 2,269,146

11. RELATED PARTY DISCLOSURES

During the year, the company paid no dividends to its parent company.

12. CONTROLLING PARTY

The controlling party of the company is Fine Building and Hire Limited. The company is ultimately controlled by the directors of Fine Building and Hire Limited.