ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 12357637

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MAY 2025

	CENTENARY QUAY 2 LIMITED


CENTENARY QUAY 2 LIMITED

COMPANY INFORMATION

Directors	S C Philpot
	M P Ruckwood


Registered number	12357637


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


Trading Address	Milewood House
	Hightown Hill
	Ringwood
	Hampshire
	BH24 3HE



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


CENTENARY QUAY 2 LIMITED

CONTENTS

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


CENTENARY QUAY 2 LIMITED REGISTERED NUMBER:12357637

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		6,000,000		6,000,000
			6,000,000		6,000,000
Current assets
Debtors: amounts falling due within one year	5	700,109		269,718
Cash at bank and in hand		57,005		31,157
		757,114		300,875
Creditors: amounts falling due within one year	6	(2,514,300)		(2,671,162)
Net current liabilities			(1,757,186)		(2,370,287)
Total assets less current liabilities			4,242,814		3,629,713
Creditors: amounts falling due after more than one year			(825,000)		-
Provisions for liabilities
Deferred tax		(997,461)		(997,461)
			(997,461)		(997,461)
Net assets			2,420,353		2,632,252

Capital and reserves
Called up share capital		5,000	5,000
Profit and loss account	9	2,415,353	2,627,252
		2,420,353	2,632,252

Page 1


CENTENARY QUAY 2 LIMITED REGISTERED NUMBER:12357637

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 year 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 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Centenary Quay 2 Limited is a private company, limited by shares, registered in England and Wales. The company's registered office and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis, no significant judgements or estimates have been used by management in assessing the appropriateness of going concern.

2.3

Revenue

Revenue is generated from the rental of investment property and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3


CENTENARY QUAY 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year 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.

2.7

Investment property

Investment property is carried at fair value determined annually 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.

2.8

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.

Page 4


CENTENARY QUAY 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.9

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 year was 2 (2024 -2).

Page 5


CENTENARY QUAY 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 June 2024	6,000,000
	At 31 May 2025	6,000,000

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

					2025	2024
					£	£

Revaluation reserves
Investment property revaluations net of deferred tax	2,992,381	2,992,381
At 31 May 2025	2,992,381	2,992,381

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	2,010,158	2,010,158
		2,010,158	2,010,158

Debtors

					2025	2024
					£	£


Trade debtors	29,162	54,970
Other debtors	666,828	211,128
Prepayments and accrued income	4,119	3,620
	700,109	269,718

Page 6


CENTENARY QUAY 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

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

Trade creditors	65,778	39,008
Other taxation and social security	8,768	13,284
Other creditors	2,200,541	2,457,742
Accruals and deferred income	239,213	161,128
	2,514,300	2,671,162

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	825,000	-
	825,000	-



Amounts falling due 2-5 years
Bank loans	825,000	-
	825,000	-

	825,000	-

The bank loan is secured against the investment property of the company and is repayable on the 25 July 2029.

Page 7


CENTENARY QUAY 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Reserves

Profit and loss account

Inculuded in the profit and loss reserve are non distributable reserves attributable to investment property revaluations of £2,992,381 (2024 - £2,992,381). This consists of £3,989,842 (2024 - £3,989,842) of property revaluations less £997,461 (2024 - £997,461) of deferred tax provided on the revaluations.

10.	Related party transactions
	Included in debtors is £663,828 (2024 - £206,128) of funding provided to related party businesses in which the directors have a controlling participating interest. Included in creditors is £1,876,373 (2024 - £2,028,360) of funding received from related party businesses in which the directors have a controlling interest.

Page 8