Company No: 15595007 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2024
		£
Fixed assets
Tangible assets	3	22,937
		22,937
Current assets
Stocks	4	6,992,574
Debtors	5	686,224
Cash at bank and in hand		672,081
		8,350,879
Creditors: amounts falling due within one year	6	( 8,434,623)
Net current liabilities		(83,744)
Total assets less current liabilities		(60,807)
Provision for liabilities	7	( 5,734)
Net liabilities		( 66,541)
Capital and reserves
Called-up share capital	8	100
Profit and loss account		( 66,641 )
Total shareholder's deficit		( 66,541)

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Centurion Quadrant Ltd (registered number: 15595007) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

F F Whitcomb Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Centurion Quadrant Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Management Suite, Parc Tawe Retail Park, Swansea, SA1 2AL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Rental income from investment property leased out under an operating lease is recognised in the profit and loss on a straight-line basis over the lease term. Non-rental income such as car park or commercialisation income or contingent rents, such as turnover rents, rent reviews and indexation, are recorded as income in the period in which they are earned. Rent reviews are recognised when such reviews have been agreed with tenants.

Lease incentives and costs associated with entering into tenant leases are amortised over the lease term.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Period from 26.03.2024 to 31.12.2024
	Number
Monthly average number of persons employed by the Company during the period, including directors	2

3. Tangible assets

	Plant and machinery		Office equipment		Total
	£		£		£
Cost
At 26 March 2024	0		0		0
Additions	23,320		402		23,722
At 31 December 2024	23,320		402		23,722
Accumulated depreciation
At 26 March 2024	0		0		0
Charge for the financial period	777		8		785
At 31 December 2024	777		8		785
Net book value
At 31 December 2024	22,543		394		22,937

4. Stocks

	31.12.2024
	£
Work in progress	6,992,574

5. Debtors

	31.12.2024
	£
Trade debtors	414,050
Amounts owed by Group undertakings	186,850
Prepayments and accrued income	84,921
Other debtors	403
	686,224

6. Creditors: amounts falling due within one year

	31.12.2024
	£
Trade creditors	263,526
Amounts owed to Group undertakings	1,272,549
Amounts owed to directors	5,625,000
Accruals and deferred income	1,073,770
Other taxation and social security	97,167
Other creditors	102,611
	8,434,623

7. Provision for liabilities

	31.12.2024
	£
Other provisions	5,734

8. Called-up share capital

	31.12.2024
	£
Allotted, called-up and fully-paid
100 ordinary shares of £ 1.00 each	100

100 ordinary £1 subscriber shares were issued to the parent on incorporation.

9. Related party transactions

Transactions with owners holding a participating interest in the entity

At the period end the company was owed £186,850 by its parent company.

At the period end the company owed £1,272,549 by another group entity.