REGISTERED NUMBER: 09974252 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CENTUM PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C Adamou

REGISTERED OFFICE:

Chase House

305 Chase Road

London

N14 6LZ

REGISTERED NUMBER:

09974252 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

314,272

314,272

CURRENT ASSETS

Debtors

5

86,127

64,976

Investments

6

1

1

Cash at bank and in hand

10,687

16,278

96,815

81,255

CREDITORS

Amounts falling due within one year

7

149,786

150,116

NET CURRENT LIABILITIES

(52,971

)

(68,861

)

TOTAL ASSETS LESS CURRENT LIABILITIES

261,301

245,411

CREDITORS

Amounts falling due after more than one year

8

250,000

221,000

NET ASSETS

11,301

24,411

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

11,300

24,410

SHAREHOLDERS' FUNDS

11,301

24,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

Mr C Adamou - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER

Turnover represents rental income receivable and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Rental income is recognised and included in turnover when it becomes due under the terms of the lease.

INVESTMENT PROPERTY

Investment properties are carried at fair values. Revaluation surpluses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The director considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

314,272

NET BOOK VALUE

At 31 March 2025

314,272

At 31 March 2024

314,272

Investment property was valued at fair value by the director, at the period end.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,941

4,941

Other debtors

81,186

60,035

86,127

64,976

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

1

1

Unlisted investments are recognised at cost.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,560

-

Taxation and social security

1,554

1,554

Other creditors

146,672

148,562

149,786

150,116

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

250,000

221,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 yrs

non-installments

250,000

221,000

250,000

221,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

250,000

221,000

The bank loan is secured by a fixed and floating charge on the assets and undertakings of the company.

10.	RELATED PARTY DISCLOSURES

Included in other creditors, amounts falling due within one year, is an interest free amount of £2,016 (2024: £2,016) due to the director, Mr C Adamou.

Also included in other creditors, amounts falling due within one year, is an interest free amount of £143,306 (2024: £143,306) due to Adams & Styles Properties Limited, a company under the control of family members of the director, Mr C Adamou.

Included in other debtors, amounts falling due within one year, is an interest free amount of £60,000 (2024: £60,000) due from Brookway LP, a company under the control of family members of the director, Mr C Adamou.

Included in other debtors, amounts falling due within one year, is an interest free amount of £7,789 (2024: Nil) due from Centrum Investment Ltd, a company under the control of family members of the director, Mr C Adamou.

Included in other debtors, amounts falling due within one year, is an interest free amount of £7,530 (2024: Nil) due from Patrum Properties Ltd, a company under the control of family members of the director, Mr C Adamou.

Included in other debtors, amounts falling due within one year, is an interest free amount of £7,530 (2024: Nil) due from Patrum Investment Ltd, a company under the control of family members of the director, Mr C Adamou.

11.	ULTIMATE CONTROLLING PARTY