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Registered number: 13652999










CENTURION SELECTION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
CENTURION SELECTION LIMITED
REGISTERED NUMBER: 13652999

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
43,349
24,000

Tangible assets
 5 
21,881
28,288

  
65,230
52,288

Current assets
  

Debtors: amounts falling due within one year
 6 
215,208
785,469

Cash at bank and in hand
 7 
25,199
74,047

  
240,407
859,516

Creditors: amounts falling due within one year
 8 
(448,669)
(827,531)

Net current (liabilities)/assets
  
 
 
(208,262)
 
 
31,985

Total assets less current liabilities
  
(143,032)
84,273

Provisions for liabilities
  

Deferred tax
 9 
-
(7,363)

Net (liabilities)/assets
  
(143,032)
76,910


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
(143,033)
76,909

  
(143,032)
76,910


Page 1

 
CENTURION SELECTION LIMITED
REGISTERED NUMBER: 13652999
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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: 




................................................
J J Sullivan
Director

Date: 24 July 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
CENTURION SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Centurion Selection Limited is a private company, limited by shares. It is incorporated in England
and Wales, registered number 13652999. Its registered office and principal place of business is at Pentagon House, 52-54 Southwark Street, London, SE1 1UN.

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

At the year end the Company has net current liabilities. The Director has provided financial support during the year and will continue to do so for the foreseeable future so that the Company continues to meet its liabilities as they fall due. The Financial Statements have therefore been prepared on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
CENTURION SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
CENTURION SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

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 balance sheet 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 balance sheet 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 balance sheet date.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
CENTURION SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
1.5 years straight line
Office equipment
-
4 years straight line
Computer equipment
-
3 years straight line
Furniture
-
5 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. 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.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
CENTURION SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2023 - 21).


4.


Intangible assets




Computer software

£



Cost


At 1 January 2024
24,000


Additions
25,180



At 31 December 2024

49,180



Amortisation


Charge for the year on owned assets
5,831



At 31 December 2024

5,831



Net book value



At 31 December 2024
43,349



At 31 December 2023
24,000



Page 7

 
CENTURION SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Long-term leasehold property
Other assets
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
7,200
16,701
30,037
53,938


Additions
6,356
333
1,731
8,420



At 31 December 2024

13,556
17,034
31,768
62,358



Depreciation


At 1 January 2024
7,200
3,363
15,087
25,650


Charge for the year on owned assets
1,942
3,307
9,578
14,827



At 31 December 2024

9,142
6,670
24,665
40,477



Net book value



At 31 December 2024
4,414
10,364
7,103
21,881



At 31 December 2023
-
13,338
14,950
28,288

Page 8

 
CENTURION SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
3,035
17,786

Other debtors
148,607
710,817

Prepayments and accrued income
63,566
20,030

Tax recoverable
-
36,836

215,208
785,469



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
25,199
74,047



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
82,534
41,090

Amounts owed to group undertakings
275,496
700,086

Other taxation and social security
16,964
40,310

Other creditors
11,853
7,948

Accruals and deferred income
61,822
38,097

448,669
827,531


Page 9

 
CENTURION SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Deferred taxation




2024


£






At beginning of year
(7,363)


Charged to profit or loss
7,363



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(7,363)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



11.


Pension commitments

The company operated a defined contributions pension scheme. The assets of the scheme are held
seperately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £22,719 (2023 - £25,778). The amount owed at the period end was £6,580 (2023 - £4,889).


12.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
110,500
110,500

Later than 1 year and not later than 5 years
375,700
486,200

486,200
596,700

Page 10

 
CENTURION SELECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

13.


Related party transactions

During the year the company recharged costs to Meditemp Limited £nil- (2023 - £6,086), a company with a common director. At the balance sheet date the company was owed £nil (2023 - £nil). 
During the year the company was recharged costs from Meditemp Limited £26,375 (2023 - £19,971), a company with a common director. At the balance sheet date the company owed £nil- (2023 - £4,993).
During the year the company recharged costs to Potensis Selection Limited £14,519 (2023 - £8,989), a company with a common director. At the balance sheet date the company was owed £79 (2023 - £822). 
During the year the company was recharged costs from Potensis Selection Limited £133,035 (2023 - £63,283), a company with a common director. At the balance sheet date the company owed £14,462 (2023 - £5,194).


14.


Controlling party

The directors consider that the ultimate parent undertaking of this Company is Centurion Selection LLC, 400 N Ashley Dr, Ste 1900, Tampa, FL 33602.

 
Page 11