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REGISTERED NUMBER: 03254318















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Centrix Properties Limited

Centrix Properties Limited (Registered number: 03254318)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Centrix Properties Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: N S C Cordel
C T Samler





SECRETARY: N S C Cordel





REGISTERED OFFICE: Whites Mill
Mill Lane
West Lavington
Devizes
Wiltshire
SN10 4HT





REGISTERED NUMBER: 03254318





ACCOUNTANTS: Nigelmarks Ltd
North Lodge
South Horrington
Wells
Somerset
BA5 3DZ

Centrix Properties Limited (Registered number: 03254318)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 415,000 415,000

CURRENT ASSETS
Debtors 5 202,289 200,952
Investments 6 68,924 52,172
Cash at bank 79,647 97,919
350,860 351,043
CREDITORS
Amounts falling due within one year 7 81,637 85,332
NET CURRENT ASSETS 269,223 265,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

684,223

680,711

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 182,569 182,569
Retained earnings 501,652 498,140
SHAREHOLDERS' FUNDS 684,223 680,711

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.

Centrix Properties Limited (Registered number: 03254318)

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.

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 17 June 2025 and were signed on its behalf by:




N S C Cordel - Director



C T Samler - Director


Centrix Properties Limited (Registered number: 03254318)

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

1. STATUTORY INFORMATION

Centrix Properties Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

Financial instruments
Loans receivable are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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 NIL (2023 - NIL).

Centrix Properties Limited (Registered number: 03254318)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 415,000
NET BOOK VALUE
At 30 September 2024 415,000
At 30 September 2023 415,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2016 182,569
Valuation in 2017 19,166
Valuation in 2018 7,000
Valuation in 2019 1,000
Valuation in 2020 55,000
Valuation in 2021 30,000
Cost 120,265
415,000

If the freehold properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 120,265 120,265

The freehold properties were valued on an open market basis basis on 30 September 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Included within other debtors is an unsecured loan of £200,000 (2020: £200,000), to a company in which the owners hold a controlling interest. No interest is charged on this loan.

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 68,924 52,172

Centrix Properties Limited (Registered number: 03254318)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 708 -
Taxation and social security - 4,472
Other creditors 80,929 80,860
81,637 85,332

8. RESERVES
Revaluati
reserve
£   
At 1 October 2023
and 30 September 2024 182,569