Company Registration No. 02617529 (England and Wales)
Centerland Limited
Unaudited accounts
for the year ended 30 June 2025
Centerland Limited
Unaudited accounts
Contents
Centerland Limited
Company Information
for the year ended 30 June 2025
Company Number
02617529 (England and Wales)
Registered Office
Unit 5, Swaker Yard
2B Theobald Street
Herts
WD6 4SE
United Kingdom
Accountants
Platts
Unit 5 Swaker Yard
2b Theobald Street
Herts
WD6 4SE
Centerland Limited
Statement of financial position
as at 30 June 2025
Investment property
505,000
845,000
Cash at bank and in hand
8,162
5,110
Creditors: amounts falling due within one year
(565,850)
(556,378)
Net current liabilities
(62,248)
(1,159)
Total assets less current liabilities
442,752
843,841
Creditors: amounts falling due after more than one year
(212,050)
(479,440)
Provisions for liabilities
Deferred tax
(56,033)
(56,033)
Net assets
174,669
308,368
Called up share capital
200
200
Revaluation reserve
167,216
227,815
Profit and loss account
2,353
75,453
Shareholders' funds
174,669
308,368
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2025 and were signed on its behalf by
Mr G R Hamblyn
Director
Company Registration No. 02617529
Centerland Limited
Notes to the Accounts
for the year ended 30 June 2025
Centerland Limited is a private company, limited by shares, registered in England and Wales, registration number 02617529. The registered office is Unit 5, Swaker Yard, 2B Theobald Street, Herts, WD6 4SE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration of rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 July 2024
845,000
Amounts falling due within one year
Amounts due from group undertakings etc.
482,792
550,109
Centerland Limited
Notes to the Accounts
for the year ended 30 June 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
39,317
19,245
Amounts owed to group undertakings and other participating interests
523,691
524,691
Loans from directors
442
10,042
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
212,050
479,440
The bank loans are repayable after more than one year and are secured by a fixed and floating charge over the company's property investments.
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
9
Transactions with related parties
The director holds 51% of the company's entire issued share capital.
At the balance sheet date, Mr G Hamblyn had given a personal guarantee on the bank loans.
The amount due from group undertakings is represented by Winyates Property Investments Limited in the sum of £464,792 (2024 - £550,109), and Roundhill Developments Limited in the sum of £18,000 (2024 - £Nil) respectively in which Mr G Hamblyn is a director and shareholder, and which is interest free and repayable on demand.
The amounts owed to group undertakings and other participating interests are represented by Benchrealm Limited, Church Road Investments Limited, St Marys Estates Management Limited and Globe Universal Ltd in the sums of £26,890 (2024 - £17,890), £58,060 (2024 - £58,060), £Nil (2024 - £Nil) and £438,741 (2023 - £448,741) respectively in which Mr G Hamblyn is a director and shareholder, and which are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).