COMPANY REGISTRATION NUMBER:
NI629926
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Centro International (UK) Ltd |
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Filleted Financial Statements |
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Centro International (UK) Ltd |
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Statement of Financial Position |
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31 December 2024
Current assets
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Debtors |
5 |
163,688 |
|
108,265 |
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Cash at bank and in hand |
37,764 |
|
99,740 |
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--------- |
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--------- |
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201,452 |
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208,005 |
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Creditors: amounts falling due within one year |
6 |
201,795 |
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201,411 |
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--------- |
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--------- |
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Net current (liabilities)/assets |
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(
343) |
6,594 |
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---- |
------- |
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Total assets less current liabilities |
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(
343) |
6,594 |
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---- |
------- |
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Net (liabilities)/assets |
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(
343) |
6,594 |
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---- |
------- |
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Capital and reserves
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Called up share capital |
|
100 |
100 |
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Profit and loss account |
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(
443) |
6,494 |
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---- |
------- |
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Shareholder (deficit)/funds |
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(
343) |
6,594 |
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---- |
------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
1 September 2025
, and are signed on behalf of the board by:
Company registration number:
NI629926
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Centro International (UK) Ltd |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Office 44, Banbridge Enterprise Centre, Scarva Road Industrial Estate, Banbridge, BT32 4QD.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Debtors
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2024 |
2023 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
163,688 |
105,991 |
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Other debtors |
– |
2,274 |
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--------- |
--------- |
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163,688 |
108,265 |
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--------- |
--------- |
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6.
Creditors:
amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
194,328 |
191,523 |
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Social security and other taxes |
3,267 |
4,002 |
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Other creditors |
4,200 |
5,886 |
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--------- |
--------- |
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201,795 |
201,411 |
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--------- |
--------- |
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7.
Summary audit opinion
The auditor's report dated
1 September 2025
was
unqualified
.
The senior statutory auditor was
Paul Leathem
, for and on behalf of
Muir & Addy
.
8.
Related party transactions
The company was under the control of Centro Incorporated throughout both the current and previous financial year. Centro Incorporated holds 100% of the issued share capital in the company. An amount of £194,328 (2023 £191,523) was owed to Centro Incorporated at the date of the balance sheet. An amount of £163,688 (2023 £105,991) was owed by Centro Incorporated at the balance sheet date.
9.
Controlling party
Centro International (UK) Ltd
is a subsidiary of Centro Incorporated, a corporation registered in the United States of America. Tank Holding Corporation owns Centro Incorporated and is ultimately owned by Olympus Partners. Both are private companies registered in the United States of America. The address of the corporate headquarters of Tank Holding Corporation is 6940 O Street Suite 1100, Lincoln, Nebraska 68510, United States of America.