REGISTERED NUMBER: 12701077 (England and Wales)

CENTRICK VALUATION & PROFESSIONAL

SERVICES LIMITED

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J W Ackrill

M G Sheppard

C M Ackrill

Mrs K Nolan

REGISTERED OFFICE:

2nd Floor, The Exchange

17-19 Newhall Street

Birmingham

West Midlands

B3 3PJ

REGISTERED NUMBER:

12701077 (England and Wales)

AUDITORS:

Michael Dufty Partnership Limited

Statutory Auditors

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Intangible assets

4

-

999

Tangible assets

5

-

522

-

1,521

CURRENT ASSETS

Debtors

6

270,097

135,404

CREDITORS

Amounts falling due within one year

7

435,803

325,702

NET CURRENT LIABILITIES

(165,706

)

(190,298

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(165,706

)

(188,777

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(165,806

)

(188,877

)

(165,706

)

(188,777

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

J W Ackrill - Director

1.	STATUTORY INFORMATION

Centrick Valuation & Professional Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

50% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

These financial statements have been prepared on a going concern basis. The Directors anticipate that the company will return to profitability in the forthcoming period, for the foreseeable future and will maintain positive cash flows.

The company also retains the support of its parent & fellow subsidiary companies.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

4,798

AMORTISATION

At 1 January 2024

3,799

Charge for year

999

At 31 December 2024

4,798

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

999

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

4,722

DEPRECIATION

At 1 January 2024

4,200

Charge for year

522

At 31 December 2024

4,722

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

522

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

133,170

39,383

Amounts owed by group undertakings

-

28,103

Other debtors

5,460

100

Deferred tax

-

14

Prepayments

131,467

67,804

270,097

135,404

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

16,238

3,742

Trade creditors

2,312

52,728

Amounts owed to group undertakings

339,845

211,154

Tax

9,229

-

Social security and other taxes

49,780

27,391

Other creditors

2,018

1,572

Accruals and deferred income

16,381

29,115

435,803

325,702

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

16,238

3,742

The bank overdraft is secured via fixed and floating charges over all property and assets of the company.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Robert Maclaren FCCA (Senior Statutory Auditor)

for and on behalf of Michael Dufty Partnership Limited

10.	ULTIMATE PARENT COMPANY

The largest group in which these accounts are consolidated is in that of Centrick Group Holdings Limited, 2nd Floor, The Exchange, 17-19 Newhall Street, Birmingham, B3 3PJ, UK, which is the ultimate parent company.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs Ackrill by virtu of their majority shareholding in the parent company