| Centreport Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover represents the gross rents due for the year from both residential and commercial lettings after taking into account payments in advance and arrears. |
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Debtors |
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Short term debtors primarily represent payments in advance by the company for goods and services either as a whole or apportioned. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Where appropriate, accruals have been included for goods and services not invoiced to the company at the balance sheet date. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| 2 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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| 3 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Other creditors |
- |
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1,080 |
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| 4 |
Controlling party |
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99% of all shares in the Company are owned by C E Daws (also a Director). |
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| 5 |
Other information |
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Centreport Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Station House |
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Station Road |
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Betchworth |
|
Surrey |
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RH3 7BZ |