Registration number: 09470456

Century Real Estate International Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Century Real Estate International Limited

Company Information

Director

R Kampf

Registered office

Unit 12 Old Mills Industrial Estate Paulton Bristol BS39 7SU

Accountants

Fuller & Roper Limited Unit 12 Old Mills Industrial Estate Paulton Bristol BS39 7SU

Century Real Estate International Limited

(Registration number: 09470456)
Balance Sheet as at 31 December 2024

	Note	2024 €	2023 €
Fixed assets
Tangible assets	4	18,778	21,103
Investment property	5	325,409	325,409
Other financial assets	6	16	16
		344,203	346,528
Current assets
Debtors	7	2,795	9,113
Cash at bank and in hand		123,535	67,601
		126,330	76,714
Creditors: Amounts falling due within one year	8	(96,070)	(118,566)
Net current assets/(liabilities)		30,260	(41,852)
Total assets less current liabilities		374,463	304,676
Creditors: Amounts falling due after more than one year	8	(192,902)	(169,528)
Net assets		181,561	135,148
Capital and reserves
Called up share capital	9	111	111
Retained earnings		181,450	135,037
Shareholders' funds		181,561	135,148

For the financial year ending 31 December 2024 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 September 2025
 

......................................... R Kampf Director

Century Real Estate International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

Century Real Estate International Limited is a private company, limited by shares, domiciled in England and Wales. The company’s registration number is 09470456. The registered office is 12 Old Mills Industrial Estate, Paulton, Bristol BS39 7SU.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Euros which is the functional currency of the company and rounded to the nearest €1.

Revenue recognition

Turnover comprises the fair value of the rental income received in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change 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.

Century Real Estate International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet 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
Investment properties	Not depreciated
Long leasehold	5.0% straight line
Fixtures and fittings	10.0% straight line
Plant and machinery	33.33% straight line

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 profit and loss account 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.

Century Real Estate International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4	Tangible assets

	Long leasehold land and buildings €	Fixtures and fittings €	Plant and machinery €	Total €
Cost or valuation
At 1 January 2024	9,587	1,203	17,492	28,282
At 31 December 2024	9,587	1,203	17,492	28,282
Depreciation
At 1 January 2024	1,560	541	5,078	7,179
Charge for the year	480	120	1,725	2,325
At 31 December 2024	2,040	661	6,803	9,504
Carrying amount
At 31 December 2024	7,547	542	10,689	18,778
At 31 December 2023	8,027	662	12,414	21,103

Century Real Estate International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Investment properties

	2024 €
At 1 January	325,409
At 31 December	325,409

There has been no valuation of investment property by an independent valuer.

6	Other financial assets (current and non-current)

	2024 €	2023 €
Non-current financial assets
Financial assets at cost less impairment	16	16

7

Debtors

Current	2024 €	2023 €
Prepayments	1,454	4,291
Other debtors	1,341	4,822
	2,795	9,113

8

Creditors

Creditors: amounts falling due within one year

	2024 €	2023 €
Due within one year
Bank loans and overdrafts	22,200	63,420
Trade creditors	40,201	46,352
Taxation and social security	30,667	6,794
Accruals and deferred income	2,000	2,000
Other creditors	1,002	-
	96,070	118,566