Registration number: 04386949

Centodec Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Centodec Limited

(Registration number: 04386949)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,447	4,612
Investment property	5	3,030,734	3,020,361
		3,034,181	3,024,973
Current assets
Debtors	6	13,985	29,463
Cash at bank and in hand		206,706	86,913
		220,691	116,376
Creditors: Amounts falling due within one year	7	(2,491,423)	(2,413,386)
Net current liabilities		(2,270,732)	(2,297,010)
Total assets less current liabilities		763,449	727,963
Provisions for liabilities		(14,093)	(3,023)
Net assets		749,356	724,940
Capital and reserves
Called up share capital		100	100
Other reserves		82,544	82,544
Retained earnings		666,712	642,296
Shareholders' funds		749,356	724,940

For the financial year ending 31 March 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 year 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 and 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 Income Statement.

Approved and authorised by the Board on 24 November 2025 and signed on its behalf by:
 

Mr A Ghiassi Director

Centodec Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
Tustin House
Red Scar Business Park
Longridge Road
Preston
Lancashire
PR2 5NE

These financial statements were authorised for issue by the Board on 24 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 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 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rent and the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Centodec Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Centodec Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	41,974	41,974
At 31 March 2025	41,974	41,974
Depreciation
At 1 April 2024	37,362	37,362
Charge for the year	1,165	1,165
At 31 March 2025	38,527	38,527
Carrying amount
At 31 March 2025	3,447	3,447
At 31 March 2024	4,612	4,612

5	Investment properties

	2025 £
At 1 April	3,020,361
Additions	10,373
At 31 March	3,030,734

The investment properties were valued at £2,580,000 (2024: £2,580,000) by the directors after seeking independent valuation advice. The historical cost of the investment properties is £2,925,153.

6

Debtors

Current	2025 £	2024 £
Trade debtors	2,160	12,129
Prepayments	6,825	17,334
Other debtors	5,000	-
	13,985	29,463

Centodec Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	1,765	18,671
Taxation and social security	44,035	32,604
Accruals and deferred income	48,525	49,039
Other creditors	2,397,098	2,313,072
	2,491,423	2,413,386

8	Related party transactions

Included in other creditors repayable within 1 year are non-interest bearing directors loans, payable on demand of £2,394,098 (2024: £2,311,375).