REGISTERED NUMBER: 02650566 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Centre of Britain Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G Kirkebjerg

D J Taylor

Miss M Taylor

SECRETARY:

A B Carr

REGISTERED OFFICE:

Main Street

Market Square

Haltwhistle

Northumberland

NE49 0BH

REGISTERED NUMBER:

02650566 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Tangible assets

5

784,835

786,064

CURRENT ASSETS

Stocks

2,750

1,500

Debtors

6

5,965

2,766

Cash at bank and in hand

86,502

55,120

95,217

59,386

CREDITORS

Amounts falling due within one year

7

173,942

220,895

NET CURRENT LIABILITIES

(78,725

)

(161,509

)

TOTAL ASSETS LESS CURRENT LIABILITIES

706,110

624,555

CREDITORS

Amounts falling due after more than one year

8

(271,418

)

(199,079

)

PROVISIONS FOR LIABILITIES

(109,839

)

(110,135

)

NET ASSETS

324,853

315,341

CAPITAL AND RESERVES

Called up share capital

10

2

2

Revaluation reserve

387,788

387,788

Retained earnings

(62,937

)

(72,449

)

SHAREHOLDERS' FUNDS

324,853

315,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:

D J Taylor - Director

1.	STATUTORY INFORMATION

Centre of Britain Ltd. 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST OR VALUATION

At 1 May 2024

775,000

138,886

913,886

Additions

-

499

499

At 30 April 2025

775,000

139,385

914,385

DEPRECIATION

At 1 May 2024

-

127,822

127,822

Charge for year

-

1,728

1,728

At 30 April 2025

-

129,550

129,550

NET BOOK VALUE

At 30 April 2025

775,000

9,835

784,835

At 30 April 2024

775,000

11,064

786,064

Cost or valuation at 30 April 2025 is represented by:

Freehold

Plant and

property

machinery

Totals

£

£

£

Valuation in 2001

22,745

-

22,745

Valuation in 2005

186,292

-

186,292

Valuation in 2018

395,680

-

395,680

Valuation in 2019

(100,000

)

-

(100,000

)

Valuation in 2020

(155,000

)

-

(155,000

)

Valuation in 2021

80,000

-

80,000

Cost

345,283

139,385

484,668

775,000

139,385

914,385

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.4.25

30.4.24

£

£

Cost

340,963

340,963

Freehold land and buildings were valued on an open market basis on 30 April 2019 by directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

4,858

2,766

Other debtors

1,107

-

5,965

2,766

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

14,052

16,225

Trade creditors

2,146

4,774

Taxation and social security

14,932

12,375

Other creditors

142,812

187,521

173,942

220,895

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

271,418

199,079

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

215,214

134,183

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loans

285,470

215,304

Included within bank loans is an amount of £248,724 (2024: £171,863) secured against the freehold property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

2

Ordinary

1

2

2