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REGISTERED NUMBER: 04109030 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Celebration Properties Limited

Celebration Properties Limited (Registered number: 04109030)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Celebration Properties Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr G S Rathour





REGISTERED OFFICE: 18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY





REGISTERED NUMBER: 04109030 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

Celebration Properties Limited (Registered number: 04109030)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,126 11,350
Investment property 5 7,500,000 6,810,000
7,507,126 6,821,350

CURRENT ASSETS
Debtors 6 19,648 577,117
Cash at bank 143,438 126,946
163,086 704,063
CREDITORS
Amounts falling due within one year 7 476,654 602,477
NET CURRENT (LIABILITIES)/ASSETS (313,568 ) 101,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,193,558

6,922,936

CREDITORS
Amounts falling due after more than one
year

8

-

(19,717

)

PROVISIONS FOR LIABILITIES (980,868 ) (671,985 )
NET ASSETS 6,212,690 6,231,234

CAPITAL AND RESERVES
Called up share capital 9 2,815,760 2,815,760
Non-distributable reserve 10 2,938,366 2,010,681
Retained earnings 458,564 1,404,793
SHAREHOLDERS' FUNDS 6,212,690 6,231,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Celebration Properties Limited (Registered number: 04109030)

Balance Sheet - continued
30 November 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2025 and were signed by:





Mr G S Rathour - Director


Celebration Properties Limited (Registered number: 04109030)

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

1. STATUTORY INFORMATION

Celebration Properties 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 - 20% on reducing balance
Furniture - 33% on reducing balance

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 ) .

Celebration Properties Limited (Registered number: 04109030)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Furniture Totals
£    £    £   
COST
At 1 December 2023 60,577 22,771 83,348
Disposals (3,500 ) (310 ) (3,810 )
At 30 November 2024 57,077 22,461 79,538
DEPRECIATION
At 1 December 2023 50,522 21,476 71,998
Charge for year 1,782 1,295 3,077
Eliminated on disposal (2,353 ) (310 ) (2,663 )
At 30 November 2024 49,951 22,461 72,412
NET BOOK VALUE
At 30 November 2024 7,126 - 7,126
At 30 November 2023 10,055 1,295 11,350

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 6,810,000
Additions 207,576
Disposals (810,000 )
Revaluations 1,292,424
At 30 November 2024 7,500,000
NET BOOK VALUE
At 30 November 2024 7,500,000
At 30 November 2023 6,810,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2024 7,500,000

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

2024 2023
£    £   
Cost 3,582,177 4,129,092

Investment properties were valued on an open market basis on 30 November 2024 by the directors .

Celebration Properties Limited (Registered number: 04109030)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,715 570,665
Social security and other tax - 307
Prepayments and accrued income 8,933 6,145
19,648 577,117

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,020 23,316
Trade creditors 42,068 26,772
Tax 43,617 175,801
VAT 24,375 89,336
Deposits 31,134 34,433
Directors' loan accounts 282,645 222,688
Accruals and deferred income 33,795 30,131
476,654 602,477

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 19,717

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,815,760 Ordinary £1 2,815,760 2,815,760

10. RESERVES
Non-distributable
reserve
£   
At 1 December 2023 2,010,681
Revaluation of investment
properties 1,292,424
Deferred tax provided on
revaluation of investment
properties (309,229 )
Fair value disposal (55,510 )

At 30 November 2024 2,938,366

11. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to companies with common directors amounted to £10,715 (2023: £570,665).