REGISTERED NUMBER: 14430340 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Blueoak Estates (Centurion) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M S Bryce

I MacLean

REGISTERED OFFICE:

20 Grosvenor Street

Chester

CH1 2DD

REGISTERED NUMBER:

14430340 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

CURRENT ASSETS

Stocks

4

4,540,106

2,657,322

Debtors

5

1,399,170

19,078

Cash at bank

14,690

3,065

5,953,966

2,679,465

CREDITORS

Amounts falling due within one year

6

5,951,243

2,680,535

NET CURRENT ASSETS/(LIABILITIES)

2,723

(1,070

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,723

(1,070

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,623

(1,170

)

2,723

(1,070

)

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 30 September 2025 and were signed on its behalf by:

I MacLean - Director

1.	STATUTORY INFORMATION

Blueoak Estates (Centurion) 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.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

The significant accounting estimates included in the financial statements are work in progress. Work in progress recorded in the financial statements at 31 December 2024 is £4,540,106.

Turnover

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

In accordance with FRS 102 para 25.2 the company adopts a policy of capitalising borrowing costs that are directly attributable to acquisition, construction, and production of a qualifying asset. Work in progress is an asset that takes a substantial period of time to get ready for its intended use or sale and meets the FRS 102 definition of a qualifying asset.

Financial instruments

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.

Cash and cash equivalents

Cash represents cash in hand and deposits held on demand with banks. Cash equivalents are short-term, highly-liquid investments with original maturities of three months or less (as at their date of acquisition).

3.	EMPLOYEES AND DIRECTORS

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

4.

STOCKS

31.12.24

31.12.23

£

£

Work-in-progress

4,540,106

2,657,322

Stock is in relation to work in progress representing land and buildings that have been developed and not sold. Secured creditors hold charges over the land and buildings included in work in progress at 31 December 2024.

The amount of borrowing costs capitalised at 31 December 2024 is £450,321.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,115,000

-

Amounts owed by group undertakings

180,484

-

Other debtors

103,686

19,078

1,399,170

19,078

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

185,561

71,555

Amounts owed to group undertakings

844,252

1,008,900

Taxation and social security

-

80

Other creditors

4,921,430

1,600,000

5,951,243

2,680,535

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Other loans

4,758,333

1,600,000

Loans are secured against land and buildings in work in progress.

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

The Report of the Auditors was unqualified.

Rebecca Richards FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

9.	RELATED PARTY DISCLOSURES

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.

10.	ULTIMATE CONTROLLING PARTY

The parent company that produces consolidated accounts is Blueoak Estates Limited, a company registered in England and Wales. The registered office address is 20 Grosvenor Street Chester, England, CH1 2DD. This is also the ultimate parent company. Consolidated accounts are available from Companies House.

In the opinion of the directors there is no ultimate controlling party.