Company Registration No. 11758831 (England and Wales)
Cerc Properties Limited
Unaudited accounts
for the period from 1 July 2024 to 24 February 2025
Cerc Properties Limited
Unaudited accounts
Contents
Cerc Properties Limited
Company Information
for the period from 1 July 2024 to 24 February 2025
Directors
D I Carp
S J Earp
G J Chaffey
Company Number
11758831 (England and Wales)
Registered Office
FROST STREET FARMHOUSE
THURLBEAR
TAUNTON
TA3 5BA
UNITED KINGDOM
Cerc Properties Limited
Statement of financial position
as at 24 February 2025
Investment property
1,109,278
798,836
Cash at bank and in hand
1,834
4,340
Creditors: amounts falling due within one year
(1,119,292)
(701,099)
Net current liabilities
(813,065)
(696,759)
Total assets less current liabilities
296,213
103,395
Creditors: amounts falling due after more than one year
(29,214)
(33,708)
Called up share capital
21
21
Profit and loss account
266,978
69,666
Shareholders' funds
266,999
69,687
For the period ending 24 February 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by
D I Carp
Director
Company Registration No. 11758831
Cerc Properties Limited
Notes to the Accounts
for the period from 1 July 2024 to 24 February 2025
Cerc Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11758831. The registered office is FROST STREET FARMHOUSE, THURLBEAR, TAUNTON, TA3 5BA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Cerc Properties Limited
Notes to the Accounts
for the period from 1 July 2024 to 24 February 2025
4
Tangible fixed assets
Fixtures & fittings
Charge for the period
1,318
Fair value at 1 July 2024
798,836
Net gain from fair value adjustments
172,267
At 24 February 2025
1,109,278
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,741
6,741
Taxes and social security
10,761
4,576
Other creditors
140,000
144,100
Loans from directors
950,479
544,979
8
Creditors: amounts falling due after more than one year
2025
2024
Aggregate of amounts that fall due for payment after five years
2,248
6,742
Cerc Properties Limited
Notes to the Accounts
for the period from 1 July 2024 to 24 February 2025
9
Average number of employees
During the period the average number of employees was 0 (2024: 0).