Central Property Contracts Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC464578

Central Property Contracts Limited

Filleted Unaudited Financial Statements

30 November 2025

Central Property Contracts Limited

Financial Statements

Year ended 30 November 2025

Contents	Page

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Central Property Contracts Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Central Property Contracts Limited

Year ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Central Property Contracts Limited for the year ended 30 November 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Central Property Contracts Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Central Property Contracts Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Central Property Contracts Limited and its director for our work or for this report.

It is your duty to ensure that Central Property Contracts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Central Property Contracts Limited. You consider that Central Property Contracts Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Central Property Contracts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

7 July 2026

Central Property Contracts Limited

Statement of Financial Position

30 November 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		208,666	174,836

Current assets

Stocks		–	15,000
Debtors	6	242,946	216,774
Cash at bank and in hand		68,123	112,371
		---------	---------
		311,069	344,145

Creditors: amounts falling due within one year	7	129,065		136,337
		---------		---------
Net current assets			182,004	207,808
			---------	---------
Total assets less current liabilities			390,670	382,644

Creditors: amounts falling due after more than one year	8		34,171	4,486

Provisions

Taxation including deferred tax	11,806	11,806
	---------	---------
Net assets	344,693	366,352
	---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	344,692	366,351
	---------	---------
Shareholders funds	344,693	366,352
	---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 30 November 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 .

Central Property Contracts Limited

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 7 July 2026 , and are signed on behalf of the board by:

Mr N Watson
Director

Company registration number: SC464578

Central Property Contracts Limited

Notes to the Financial Statements

Year ended 30 November 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 216 West George Street, Glasgow, G2 2PQ, Scotland.

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Motor Vehicles	-	20% reducing balance
Equipment	-	20% reducing balance
Property Improvements	-	10 % straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 9 ).

5. Tangible assets

	Land and buildings	Motor vehicles	Equipment	Property Improvement	Total
	£	£	£	£	£
Cost
At 1 December 2024	135,755	146,536	3,603	24,882	310,776
Additions	–	57,798	–	–	57,798
Disposals	–	( 12,991)	–	–	( 12,991)
	---------	---------	-------	--------	---------
At 30 November 2025	135,755	191,343	3,603	24,882	355,583
	---------	---------	-------	--------	---------
Depreciation
At 1 December 2024	8,145	107,185	3,193	17,417	135,940
Charge for the year	2,715	16,004	82	2,488	21,289
Disposals	–	( 10,312)	–	–	( 10,312)
	---------	---------	-------	--------	---------
At 30 November 2025	10,860	112,877	3,275	19,905	146,917
	---------	---------	-------	--------	---------
Carrying amount
At 30 November 2025	124,895	78,466	328	4,977	208,666
	---------	---------	-------	--------	---------
At 30 November 2024	127,610	39,351	410	7,465	174,836
	---------	---------	-------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	115,800	57,584
Other debtors	127,146	159,190
	---------	---------
	242,946	216,774
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,996	10,514
Trade creditors	17,894	30,993
Corporation tax	19,051	37,988
Social security and other taxes	61,423	46,907
Other creditors	25,701	9,935
	---------	---------
	129,065	136,337
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	–	4,486
Other creditors	34,171	–
	--------	-------
	34,171	4,486
	--------	-------

9. Director's advances, credits and guarantees

As at 30 November 2025 Mr N Watson , director, owes £ 24,665 to the company (2024: £53,070). This loan is interest free and has no fixed date for repayment.

10. Controlling party

The company was under the control of Mr N Watson throughout the current period. Mr N Watson is the managing director and majority shareholder.