REGISTERED NUMBER: 02041103 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

CERTAINBROOK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Kahan

Mrs S Kahan

REGISTERED OFFICE:

10 St Kilda's Road

London

N16 5BP

REGISTERED NUMBER:

02041103 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

FIXED ASSETS

Tangible assets

4

596

804

Investment property

5

4,418,758

4,370,570

4,419,354

4,371,374

CURRENT ASSETS

Debtors

6

489,823

563,188

Cash at bank

30,402

7,847

520,225

571,035

CREDITORS

Amounts falling due within one year

7

18,277

18,439

NET CURRENT ASSETS

501,948

552,596

TOTAL ASSETS LESS CURRENT LIABILITIES

4,921,302

4,923,970

CREDITORS

Amounts falling due after more than one year

8

(2,456,303

)

(2,473,140

)

PROVISIONS FOR LIABILITIES

(518,794

)

(518,794

)

NET ASSETS

1,946,205

1,932,036

CAPITAL AND RESERVES

Called up share capital

2

2

Profit and loss account

10

1,946,203

1,932,034

1,946,205

1,932,036

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

S Kahan - Director

1.	STATUTORY INFORMATION

Certainbrook 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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

16,351

DEPRECIATION

At 1 January 2024

15,547

Charge for year

208

At 31 December 2024

15,755

NET BOOK VALUE

At 31 December 2024

596

At 31 December 2023

804

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

4,370,570

Additions

48,188

At 31 December 2024

4,418,758

NET BOOK VALUE

At 31 December 2024

4,418,758

At 31 December 2023

4,370,570

Fair value at 31 December 2024 is represented by:

£

Valuation in 2020

1,346,749

Valuation in 2023

728,428

Cost

2,343,581

4,418,758

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

2,295,393

2,295,393

The director believes that the market value of the investment properties to be not materially different to the carrying value based on his knowledge of the comparative local properties.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

489,823

563,188

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

9,000

9,000

Trade creditors

1

4

Taxation and social security

3,843

2,353

Other creditors

5,433

7,082

18,277

18,439

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,456,303

2,473,140

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank Loans

2,450,303

2,458,141

10.

RESERVES

Included in reserves is amounts totalling £1,556,383 of un-distributable reserves (£1,556,383 - 2023).

11.	RELATED PARTY DISCLOSURES

Included in Other Debtors is amounts totalling £55,900 due from companies under common control (£55,900- 2023).

Included in Other Debtors is amounts totalling £386,524 due from directors of the company (£439,722 - 2023). Tax due from directors under S455 on this loan has been calculated.