Custom Properties (North-East) Ltd 15515693 false 2024-02-23 2025-02-28 2025-02-28 The principal activity of the company is property ownership & letting. Digita Accounts Production Advanced 6.30.9574.0 true true 15515693 2024-02-23 2025-02-28 15515693 2025-02-28 15515693 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 15515693 core:LandBuildings 2025-02-28 15515693 bus:SmallEntities 2024-02-23 2025-02-28 15515693 bus:AuditExemptWithAccountantsReport 2024-02-23 2025-02-28 15515693 bus:FilletedAccounts 2024-02-23 2025-02-28 15515693 bus:SmallCompaniesRegimeForAccounts 2024-02-23 2025-02-28 15515693 bus:RegisteredOffice 2024-02-23 2025-02-28 15515693 bus:Director1 2024-02-23 2025-02-28 15515693 bus:Director2 2024-02-23 2025-02-28 15515693 bus:PrivateLimitedCompanyLtd 2024-02-23 2025-02-28 15515693 core:LandBuildings 2024-02-23 2025-02-28 15515693 countries:AllCountries 2024-02-23 2025-02-28 iso4217:GBP xbrli:pure

Registration number: 15515693

Custom Properties (North-East) Ltd
Unaudited Filleted Abridged Financial Statements
for the Period from 23 February 2024 to 28 February 2025

Custom Properties (North-East) Ltd

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 6

Custom Properties (North-East) Ltd

Company Information

Directors | Mr Joshua Alexander Limb Mr Andrew David Reay

Registered office | Unit 9C Leechmere Industrial Estate Sunderland Tyne & Wear SR2 9TW

Accountants | G W Thompson & Co Accountants Limited Chartered Certified Accountants 182 Front Street Chester-le-Street Co. Durham DH3 3AZ

Custom Properties (North-East) Ltd

(Registration number: 15515693)
Abridged Balance Sheet as at 28 February 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 4 | 66,934
Current assets |  |
Cash at bank and in hand |  | 2,146
Total assets less current liabilities |  | 69,080
Creditors: Amounts falling due after more than one year |  | (49,869)
Net assets |  | 19,211
Capital and reserves |  |
Called up share capital | 6 | 20,000
Retained earnings |  | (789)
Shareholders' funds |  | 19,211

For the financial period ending 28 February 2025 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 accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 November 2025 and signed on its behalf by:

Custom Properties (North-East) Ltd

(Registration number: 15515693)
Abridged Balance Sheet as at 28 February 2025

......................................... Mr Joshua Alexander Limb Director
......................................... Mr Andrew David Reay Director

Custom Properties (North-East) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 23 February 2024 to 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 9C
Leechmere Industrial Estate
Sunderland
Tyne & Wear
SR2 9TW
United Kingdom

These financial statements were authorised for issue by the Board on 20 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Custom Properties (North-East) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 23 February 2024 to 28 February 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
Additions | 66,934 | 66,934
At 28 February 2025 | 66,934 | 66,934
Depreciation
Carrying amount
At 28 February 2025 | 66,934 | 66,934

Included within the net book value of land and buildings above is £66,934 in respect of freehold land and buildings.

Custom Properties (North-East) Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 23 February 2024 to 28 February 2025

5 | Debtors

Debtors includes £Nil due after more than one year.

6 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary of £1 each | 20,000 | 20,000