Super Concept Limited - Filleted accounts

Registered number

10250145

Super Concept Limited

Filleted Accounts

31 December 2024

Super Concept Limited
Registered number:		10250145
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		308,326			308,326

Creditors: amounts falling due within one year	4	(219,266)			(231,679)

Net current liabilities			(219,266)			(231,679)

Net assets			89,060			76,647

Capital and reserves
Called up share capital			100			100
Profit and loss account			88,960			76,547

Shareholder's funds			89,060			76,647

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr S H Wong
Director
Approved by the board on 26 September 2025

Super Concept Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investment Properties
	Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	0		0


3	Tangible fixed assets
				Land and buildings
£
	Cost
	At 1 January 2024			308,326
	At 31 December 2024			308,326

	Depreciation
	At 31 December 2024			-

	Net book value
	At 31 December 2024			308,326
	At 31 December 2023			308,326


4	Creditors: amounts falling due within one year	2024		2023
£			£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest	210,761		228,235
	Taxation and social security costs	3,838		2,898
	Other creditors	4,667		546
		219,266		231,679


5	Related party transactions

	Canwell Investments Limited Holding company
£

	Amount due to parent company at balance sheet date	210,761

6	Controlling party

	Canwell Investments Limited is regarded by the directors as being the company's ultimate parent company. The Group is under the control of S H Wong.


7	Other information

	Super Concept Limited is a private company limited by shares and incorporated in England. Its registered office is:
	8.02 The Southside Building
	31 Hurst Street
	Birmingham
	West Midlands
	B5 4BD