CERI HOUSE LIMITED


Director	EVANS, Dafydd Joseph


Registered Address	Cae Pant
	Rhydyfelin
	Aberystwyth
	SY23 4PY


Registered Number	13390734 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,262		1,742
Investment property	4		2,750,000		2,502,967
			2,751,262		2,504,709
Current assets
Debtors	5	686,741		643,898
Cash at bank and on hand		214,894		43,426
		901,635		687,324
Creditors amounts falling due within one year	6	(2,032,705)		(2,074,903)
Net current assets (liabilities)			(1,131,070)		(1,387,579)
Total assets less current liabilities			1,620,192		1,117,130
Creditors amounts falling due after one year	7		(1,406,224)		(1,122,620)
Provisions for liabilities	8		(61,758)		-
Net assets			152,210		(5,490)
Capital and reserves
Called up share capital			100		100
Profit and loss account			152,110		(5,590)
Shareholders' funds			152,210		(5,490)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 11 December 2025, and are signed on its behalf by:

EVANS, Dafydd Joseph
Director
Registered Company No. 13390734

CERI HOUSE LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	The financial statements have been prepared on a going concern basis. Whilst the company has net current liabilities at the reporting date, these are caused by amounts due to group companies which will not be repaid in the next 12 months.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	5

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		1

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 April 24	2,400	2,400
At 31 March 25	2,400	2,400
Depreciation and impairment
At 01 April 24	658	658
Charge for year	480	480
At 31 March 25	1,138	1,138
Net book value
At 31 March 25	1,262	1,262
At 31 March 24	1,742	1,742

4.	Investment property
	Investment property has been valued on the director's consideration of fair value.


		£
	Fair value at 01 April 24	2,502,967
	Fair value adjustments	247,033
	At 31 March 25	2,750,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	2,240
Amounts owed by group undertakings	678,166	626,683
Other debtors	8,269	14,975
Prepayments and accrued income	306	-
Total	686,741	643,898

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	50,000
Amounts owed to related parties	2,009,481	2,009,065
Taxation and social security	910	1,820
Accrued liabilities and deferred income	22,314	14,018
Total	2,032,705	2,074,903

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,406,224	1,122,620
Total	1,406,224	1,122,620

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	61,758	-
Total	61,758	-

9.	Directors advances, credits and guarantees
	As at the balance sheet date the director owed the company £7,530 (2024: £nil). No interest is charged and the amount is repayable in full on demand.

10.	Related party transactions
	As at the balance sheet date the company was owed £678,166 (2024: £626,683) by other group companies. The company also owed £2,009,481 (2024: £2,009,065) to other group companies.

11.	Further information regarding the company's financial position
	These financial statements are the first prepared following the transition to FRS102. Previously the company prepared accounts under FRS105. Following the transition to FRS102 deferred tax has been recognised on tax losses carried forwards. This has increased previously reported reserves for the year ended 31 March 2024 by £14,975 and reduced previously reported profits for the year ended 31 March 2024 by £1,316.

11.

Further information regarding the company's financial position

These financial statements are the first prepared following the transition to FRS102. Previously the company prepared accounts under FRS105.

Following the transition to FRS102 deferred tax has been recognised on tax losses carried forwards. This has increased previously reported reserves for the year ended 31 March 2024 by £14,975 and reduced previously reported profits for the year ended 31 March 2024 by £1,316.