Registration number: 03541565

Central Properties (UK) Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Central Properties (UK) Ltd

Company Information

Director

Mr Nicholas Anthony Gooch

Registered office

Market House Church Street Harleston Norfolk IP20 9BB

Central Properties (UK) Ltd

(Registration number: 03541565)
Balance Sheet as at 31 March 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	2,453,935	2,457,537
Current assets
Debtors	6	397,854	422,972
Creditors: Amounts falling due within one year	7	(979,339)	(683,456)
Net current liabilities		(581,485)	(260,484)
Total assets less current liabilities		1,872,450	2,197,053
Creditors: Amounts falling due after more than one year	7	(737,176)	(759,988)
Net assets		1,135,274	1,437,065
Capital and reserves
Called up share capital		100	100
Revaluation reserve		1,162,181	1,162,181
Retained earnings		(27,007)	274,784
Shareholders' funds		1,135,274	1,437,065

For the financial year ending 31 March 2024 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 October 2026
 

......................................... Mr Nicholas Anthony Gooch Director

Central Properties (UK) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Market House
Church Street
Harleston
Norfolk
IP20 9BB

These financial statements were authorised for issue by the director on 26 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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 taxable income.

Central Properties (UK) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Central Properties (UK) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 5).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2024 £	2023 £
Current taxation
UK corporation tax	(7,270)	7,270

Central Properties (UK) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2024

5	Tangible assets

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2023	2,433,520	111,857	2,545,377
At 31 March 2024	2,433,520	111,857	2,545,377
Depreciation
At 1 April 2023	-	87,840	87,840
Charge for the year	-	3,602	3,602
At 31 March 2024	-	91,442	91,442
Carrying amount
At 31 March 2024	2,433,520	20,415	2,453,935
At 31 March 2023	2,433,520	24,017	2,457,537

Included within the net book value of land and buildings above is £2,433,520 (2023 - £2,433,520) in respect of freehold land and buildings.
 

6

Debtors

Current	2024 £	2023 £
Other debtors	397,854	422,972
	397,854	422,972

Central Properties (UK) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	19,598	19,683
Trade creditors		48,684	33,131
Taxation and social security		42,415	34,429
Other creditors		868,642	596,213
		979,339	683,456

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	737,176	759,988

8	Share capital

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	737,176	759,988

Current loans and borrowings

	2024 £	2023 £
Bank overdrafts	19,598	19,683

10	Financial instruments

Categorisation of financial instruments

2024 £

2023 £