ACCOUNTS - Final Accounts preparation

Registered number: 12257429

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MAY 2025

	CENTENARY QUAY LIMITED


CENTENARY QUAY LIMITED

COMPANY INFORMATION

Directors	S C Philpot
	M P Ruckwood


Registered number	12257429


Registered office	Bank Court
	12a Manor Road
	Verwood
	Dorset
	BH31 6DY


Trading Address	Unit B4, Arena Business Centre
	9 Nimrod Way
	Ferndown
	BH21 7UH



Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


CENTENARY QUAY LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 8


CENTENARY QUAY LIMITED REGISTERED NUMBER:12257429

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		19,083		25,443
Investment property	5		21,000,000		21,000,000
			21,019,083		21,025,443
Current assets
Debtors: amounts falling due within one year	6	169,582		370,013
Cash at bank and in hand		30,670		13,053
		200,252		383,066
Creditors: amounts falling due within one year	7	(4,119,796)		(4,077,710)
Net current liabilities			(3,919,544)		(3,694,644)
Total assets less current liabilities			17,099,539		17,330,799
Provisions for liabilities
Deferred tax		(4,637,419)		(4,637,419)
			(4,637,419)		(4,637,419)
Net assets			12,462,120		12,693,380

Capital and reserves
Called up share capital		5,000	5,000
Profit and loss account	8	12,457,120	12,688,380
		12,462,120	12,693,380

Page 1


CENTENARY QUAY LIMITED REGISTERED NUMBER:12257429

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MAY 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S C Philpot

Director

Date: 28 May 2026

The notes on pages 3 to 8 form part of these financial statements.

Page 2


CENTENARY QUAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Centenary Quay Limited is a private company, limited by shares, and is incorporated in England and Wales. The principal place of business is Unit B4, Arena Business Centre, 9 Nimrod Way, Ferndown, BH21 7UH.

The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

At the year end the company showed net current liabilities of £3,919,544 (2024 : £3,694,644). The financial statements are prepared on a going concern basis as other creditors includes £3,377,728 (2024 : £3,384,280) of finance provided by related party companies and £460,840 (2024 : £470,366) of finance provided by directors, no other significant judgements or estimates have been used by management in assessing the appropriateness of the going concern basis.

2.3

Revenue

Rental income is recognised to the extent that it is probable that the economic benefits will flow to the Company and the income can be reliably measured. Rental income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Page 3


CENTENARY QUAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery

25%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4


CENTENARY QUAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Employees

The average monthly number of employees, including directors, during the period was 2 (2024 -2).

Page 5


CENTENARY QUAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

4.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 June 2024	64,003
	At 31 May 2025	64,003
	Depreciation
	At 1 June 2024	38,560
	Charge for the period on owned assets	6,360
	At 31 May 2025	44,920
	Net book value
	At 31 May 2025	19,083

Page 6


CENTENARY QUAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

5.	Investment property

		Long term leasehold investment property
		£
	Valuation
	At 1 June 2024	21,000,000
	At 31 May 2025	21,000,000

The May 2025 valuations were made by a land consultant in December 2024, on an open market value basis.

					2025	2024
					£	£

Revaluation reserves
Investment property revaluations net of deferred tax	13,912,258	13,912,258
At 31 May 2025	13,912,258	13,912,258

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2025	2024
	£	£

	Historic cost	2,450,323	2,450,323
		2,450,323	2,450,323

Debtors

					2025	2024
					£	£


Trade debtors	26,291	10,094
Other debtors	-	238,774
Called up share capital not paid	5,000	5,000
Prepayments and accrued income	138,291	116,145
	169,582	370,013

Page 7


CENTENARY QUAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	118,589	133,564
Other taxation and social security	4,709	-
Other creditors	3,867,318	3,883,396
Accruals and deferred income	129,180	60,750
	4,119,796	4,077,710

Reserves

Profit and loss account

Included in the profit and loss reserves are non distributable reserves attributable to investment property revaluations of £13,912,258 (2024 - £13,912,258). This consists of £18,549,677 (2024 - £18,549,677) of property revaluations less £4,637,419 (2024 - £4,637,419) of deferred tax provided on the revaluations.

9.	Related party transactions
	Included in debtors is £nil (2024 - £236,415) of funding provided to related party businesses in which the directors have a participating interest. Included in creditors is £3,377,728 (2024 - £3,384,280) of funding received from related party businesses in which the directors have a participating interest.

Page 8