Company Registration No. 11758831 (England and Wales)
Cerc Properties Limited
Unaudited accounts
for the year ended 24 February 2026
Cerc Properties Limited
Unaudited accounts
Contents
Cerc Properties Limited
Company Information
for the year ended 24 February 2026
Directors
D I Carp
S J Earp
G J Chaffey
Company Number
11758831 (England and Wales)
Registered Office
FROST STREET FARMHOUSE
THURLBEAR
TAUNTON
TA3 5BA
UNITED KINGDOM
Cerc Properties Limited
Statement of financial position
as at 24 February 2026
Investment property
950,000
1,109,278
Cash at bank and in hand
2,373
1,834
Creditors: amounts falling due within one year
(569,525)
(1,119,292)
Net current liabilities
(475,471)
(813,065)
Total assets less current liabilities
476,987
296,213
Creditors: amounts falling due after more than one year
(23,034)
(29,214)
Provisions for liabilities
Deferred tax
(48,379)
(43,067)
Net assets
405,574
223,932
Called up share capital
21
21
Profit and loss account
405,553
223,911
Shareholders' funds
405,574
223,932
For the year ending 24 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2026 and were signed on its behalf by
D I Carp
Director
Company Registration No. 11758831
Cerc Properties Limited
Notes to the Accounts
for the year ended 24 February 2026
Cerc Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11758831. The registered office is FROST STREET FARMHOUSE, THURLBEAR, TAUNTON, TA3 5BA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Cerc Properties Limited
Notes to the Accounts
for the year ended 24 February 2026
4
Tangible fixed assets
Fixtures & fittings
At 24 February 2026
10,222
Fair value at 25 February 2025
1,109,278
Net gain from fair value adjustments
193,514
At 24 February 2026
950,000
6
Investments
Subsidiary undertakings
Valuation at 25 February 2025
-
Valuation at 24 February 2026
1
The investment represents the investment in the subsidiary company, Cerc Lettings Limited.
Amounts falling due within one year
Amounts due from group undertakings etc.
91,681
-
Cerc Properties Limited
Notes to the Accounts
for the year ended 24 February 2026
8
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
6,742
6,741
Taxes and social security
9,726
10,761
Loans from directors
542,500
950,479
9
Creditors: amounts falling due after more than one year
2026
2025
Aggregate of amounts that fall due for payment after five years
-
2,248
10
Deferred taxation
2026
2025
Revaluation of investment property
48,379
43,067
Provision at start of year
43,067
-
Charged to the profit and loss account
48,379
43,067
Credited to other comprehensive income
(43,067)
-
Provision at end of year
48,379
43,067
Allotted, called up and fully paid:
21 Ordinary shares of £1 each
21
21
12
Average number of employees
During the year the average number of employees was 0 (2025: 0).