Centaurus Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01231819

Centaurus Group Limited

Filleted Unaudited Financial Statements

For the year ended

30 November 2024

Centaurus Group Limited

Statement of Financial Position

30 November 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5	606,708	621,607
Investments	6	–	124,914
		----------	----------
		606,708	746,521

Current assets

Debtors	7	162,099	113,575
Cash at bank and in hand		363,454	239,174
		----------	----------
		525,553	352,749

Creditors: amounts falling due within one year	8	200,954		150,118
		----------		----------
Net current assets			324,599		202,631
			----------		----------
Total assets less current liabilities			931,307		949,152

Creditors: amounts falling due after more than one year	9	47,286	49,105
		----------	----------
Net assets		884,021	900,047
		----------	----------

Capital and reserves

Called up share capital	100,000	100,000
Share premium account	291,994	291,994
Revaluation reserve	46,192	46,192
Profit and loss account	445,835	461,861
	----------	----------
Shareholders funds	884,021	900,047
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Centaurus Group Limited

Statement of Financial Position (continued)

30 November 2024

These financial statements were approved by the board of directors and authorised for issue on 23 October 2025 , and are signed on behalf of the board by:

S D Jackson

Director

Company registration number: 01231819

Centaurus Group Limited

Notes to the Financial Statements

Year ended 30 November 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Stockholm Road, Hull, East Riding of Yorkshire, HU7 0XW.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it, and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

(d) Revenue recognition

Turnover represents invoiced sales of services, excluding VAT. Revenue from the provision of management services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefit will flow to the entity, and the costs incurred or to be incurred in respect of transactions can be measured reliably. Dividend income is recognised when the company's right to receive payment is established.

(e) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

(f) Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to the expense over the lease term, on a straight-line basis.

(g) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Investment properties rented to other group companies are classified as property, plant and equipment (land and buildings) and held at deemed cost less depreciation and impairment. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss.

(h) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant & Machinery	-	20% & 33% reducing balance

Depreciation on land and buildings is charged on a straight line basis over the estimated useful life of 58 years.

(i) Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

(j) Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

(k) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(l) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 12 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 December 2023 and 30 November 2024	655,000	146,771	801,771
	----------	----------	----------
Depreciation
At 1 December 2023	46,784	133,380	180,164
Charge for the year	11,696	3,203	14,899
	----------	----------	----------
At 30 November 2024	58,480	136,583	195,063
	----------	----------	----------
Carrying amount
At 30 November 2024	596,520	10,188	606,708
	----------	----------	----------
At 30 November 2023	608,216	13,391	621,607
	----------	----------	----------

Included within land and buildings are investment properties with a net book value of £596,520 (2023 - £608.216) which are rented to group undertakings. The company has chosen to account for these properties at deemed cost less depreciation and impairment.

6. Investments

	Shares in group undertakings
	£
Cost
At 1 December 2023	135,006
Disposals	( 10,006)
	----------
At 30 November 2024	125,000
	----------
Impairment
At 1 December 2023	10,092
Disposals	( 10,006)
Impairment losses	124,914
	----------
At 30 November 2024	125,000
	----------

Carrying amount
At 30 November 2024	–
	----------
At 30 November 2023	124,914
	----------

7. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	116,430	52,204
Other debtors	45,669	61,371
	----------	----------
	162,099	113,575
	----------	----------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	50,852	37,736
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	10,143
Social security and other taxes	–	6,376
Directors loan accounts	107,722	48,620
Other creditors	42,380	47,243
	----------	----------
	200,954	150,118
	----------	----------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	47,286	49,105
	--------	--------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Later than 5 years	47,677	47,677
	--------	--------

The company is required to make annual payments of £47,677 under non-cancellable leases until 2076.

11. Events after the end of the reporting period

On 5 March 2025, RED ASB Limited formerly Alsim System Building Limited a 100% subsdiary company, entered into administration. Full provision has been made against the cost of the investment.

12. Related party transactions

The company has taken advantage of the exemptions provided in FRS 102 from reporting transactions between wholly owned members of the group. The directors made available loans to the company which are repayable on demand . No interest has been paid to the directors in the year. At the balance sheet date the total balance owed to the directors was £ 107,722 (2023 - £ 48,620 ).