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REGISTERED NUMBER: 07255056 (England and Wales)















CENTRAL BUSINESS DEVELOPMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






CENTRAL BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 07255056)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTRAL BUSINESS DEVELOPMENT LIMITED

COMPANY INFORMATION
For The Year Ended 31 OCTOBER 2024







DIRECTORS: Mrs A Bradley
S Harris
P Bedi





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 07255056 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

CENTRAL BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 07255056)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,720 11,728
14,720 11,728

CURRENT ASSETS
Debtors 6 517,427 346,563
Cash at bank and in hand 187,603 58,902
705,030 405,465
CREDITORS
Amounts falling due within one year 7 592,112 273,594
NET CURRENT ASSETS 112,918 131,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,638

143,599

CREDITORS
Amounts falling due after more than one
year

8

(8,637

)

(25,910

)

PROVISIONS FOR LIABILITIES (3,680 ) (2,932 )
NET ASSETS 115,321 114,757

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 115,171 114,607
SHAREHOLDERS' FUNDS 115,321 114,757

CENTRAL BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 07255056)

BALANCE SHEET - continued
31 OCTOBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 29 July 2025 and were signed on its behalf by:





S Harris - Director


CENTRAL BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 07255056)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 OCTOBER 2024


1. STATUTORY INFORMATION

Central Business Development 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 33% on cost

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.

CENTRAL BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 07255056)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 29,500
AMORTISATION
At 1 November 2023
and 31 October 2024 29,500
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 November 2023 38,984
Additions 11,626
At 31 October 2024 50,610
DEPRECIATION
At 1 November 2023 27,256
Charge for year 8,634
At 31 October 2024 35,890
NET BOOK VALUE
At 31 October 2024 14,720
At 31 October 2023 11,728

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 33,368 23,824
Amounts owed by group undertakings 432,483 276,244
Other debtors 51,576 46,495
517,427 346,563

CENTRAL BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 07255056)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 17,273 17,273
Trade creditors 85,470 15,164
Amounts owed to group undertakings 386,236 170,637
Taxation and social security 96,016 65,750
Other creditors 7,117 4,770
592,112 273,594

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 8,637 25,910

9. SECURED DEBTS

A debenture was created by the company on 1 July 2011 securing all monies due or to become due from the company to Lloyds TSB Bank PLC.

10. CAPITAL COMMITMENTS
31.10.24 31.10.23
£    £   
Contracted but not provided for in the
financial statements 22,485 40,738

11. ULTIMATE CONTROLLING PARTY

The controlling party is Central Finance Holdings Limited.

The ultimate controlling party is Central Finance Top Co Limited.

The registered office address of the controlling party, and the ultimate controlling party is 8 Church Green East, Redditch, Worcestershire, B98 8BP.