Centregreat Property Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10773279

Centregreat Property Ltd

Filleted Unaudited Financial Statements

31 May 2025

Centregreat Property Ltd

Financial Statements

Year ended 31 May 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Centregreat Property Ltd

Statement of Financial Position

31 May 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	5,183,500	5,183,500
Investments	5	100	100
		------------	------------
		5,183,600	5,183,600

Current assets

Debtors	6	218,649	176,019
Cash at bank and in hand		34,296	159,808
		---------	---------
		252,945	335,827

Creditors: amounts falling due within one year	7	615,236	621,387
		---------	---------
Net current liabilities		362,291	285,560
		------------	------------
Total assets less current liabilities		4,821,309	4,898,040

Creditors: amounts falling due after more than one year	8	2,286,835	2,470,393

Provisions	37,500	37,500
	------------	------------
Net assets	2,496,974	2,390,147
	------------	------------

Capital and reserves

Called up share capital	9	2,195,000	2,195,000
Profit and loss account		301,974	195,147
		------------	------------
Shareholders funds		2,496,974	2,390,147
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Centregreat Property Ltd

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

Mr JC Mathias
Director

Company registration number: 10773279

Centregreat Property Ltd

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Parcau Isaf Farm, Laleston, Bridgend, CF32 0NB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost.

4. Tangible assets

	Freehold property
	£
Cost
At 1 June 2024 and 31 May 2025	5,183,500
	------------
Depreciation
At 1 June 2024 and 31 May 2025	–
	------------
Carrying amount
At 31 May 2025	5,183,500
	------------
At 31 May 2024	5,183,500
	------------

The investment properties were valued on an open market basis on 24 September 2025 by the director.

5. Investments

	Shares in group undertakings
	£
Cost
At 1 June 2024 and 31 May 2025	100
	----
Impairment
At 1 June 2024 and 31 May 2025	–
	----

Carrying amount
At 31 May 2025	100
	----
At 31 May 2024	100
	----

6. Debtors

	2025	2024
	£	£
Trade debtors	202,555	162,650
Other debtors	16,094	13,369
	---------	---------
	218,649	176,019
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	74,819	62,351
Trade creditors	5,874	27,571
Corporation tax	35,609	33,845
Social security and other taxes	–	1,600
Other creditors	498,934	496,020
	---------	---------
	615,236	621,387
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,256,835	2,440,393
Other creditors	30,000	30,000
	------------	------------
	2,286,835	2,470,393
	------------	------------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2,195,000	2,195,000	2,195,000	2,195,000
	------------	------------	------------	------------