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Registration number: 06060713

Centaur Estates (Southern) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

Centaur Estates (Southern) Limited

Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,176

3,043

Investment property

5

1,204,000

1,204,000

 

1,206,176

1,207,043

Current assets

 

Debtors

6

223,678

173,228

Cash at bank and in hand

 

8,909

11,442

 

232,587

184,670

Creditors: Amounts falling due within one year

7

(482,368)

(437,908)

Net current liabilities

 

(249,781)

(253,238)

Total assets less current liabilities

 

956,395

953,805

Creditors: Amounts falling due after more than one year

7

(303,380)

(312,707)

Provisions for liabilities

(26,171)

(26,171)

Net assets

 

626,844

614,927

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

625,844

613,927

Shareholders' funds

 

626,844

614,927

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of Centaur Estates (Southern) Limited has elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

 

Centaur Estates (Southern) Limited

Statement of Financial Position as at 31 December 2023

Approved and authorised by the director on 28 August 2025
 

.........................................

Mr D C O'Brien

Director

Company registration number: 06060713

 

Centaur Estates (Southern) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of property investment and development.

2

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company had net assets at 31 December 2023 amounting to £626,844. The company has continued to receive rental income subsequent to 31 December 2023.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and is recognised evenly over the period of the leases.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Centaur Estates (Southern) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Centaur Estates (Southern) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2022 - 0).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

13,669

13,669

At 31 December 2023

13,669

13,669

Depreciation

At 1 January 2023

10,626

10,626

Charge for the year

867

867

At 31 December 2023

11,493

11,493

Carrying amount

At 31 December 2023

2,176

2,176

At 31 December 2022

3,043

3,043

 

Centaur Estates (Southern) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

5

Investment properties

2023
£

Fair value

At 1 January 2023 and 31 December 2023

1,204,000

The investment properties are reflected at fair value as estimated by the director at 31 December 2023 at an amount of £1,204,000.

6

Debtors

2023
£

2022
£

Trade debtors

480

1,400

Other debtors

223,198

171,828

223,678

173,228

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Bank loans and overdrafts

8

24,829

25,234

Taxation and social security

 

20,656

21,431

Other creditors

 

436,883

391,243

 

482,368

437,908

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Loans and borrowings

8

303,380

312,707

Amounts falling due after more than five years

   

2023
£

2022
£

Repayable by instalments

212,748

220,334

-

 

Centaur Estates (Southern) Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank loans

24,829

25,234


 

2023
£

2022
£

Non-current loans and borrowings

Bank loans

303,380

312,707

Bank loans are secured by a fixed charge over the investment properties shown in note 6 and a fixed and floating charge over the other assets and undertakings of the company.

9

Reserves

The amount of the profit and loss reserve that is non-distributable is £146,354 (2022: £146,354).