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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2020 |
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CENT INVESTMENTS LIMITED |
REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2020 |
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FOR |
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CENT INVESTMENTS LIMITED |
CENT INVESTMENTS LIMITED (REGISTERED NUMBER: 09832358) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31st March 2020 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Chartered Accountants' Report | 3 |
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Income Statement | 4 |
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Balance Sheet | 5 |
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Notes to the Financial Statements | 7 |
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CENT INVESTMENTS LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31st March 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Bank House |
81 St Judes Road |
Englefield Green |
Surrey |
TW20 0DF |
CENT INVESTMENTS LIMITED (REGISTERED NUMBER: 09832358) |
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REPORT OF THE DIRECTORS |
For The Year Ended 31st March 2020 |
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The directors present their report with the financial statements of the company for the year ended 31st March 2020. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of owning and managing property and other investments. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1st April 2019 to the date of this report. |
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Other changes in directors holding office are as follows: |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
CENT INVESTMENTS LIMITED |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cent Investments Limited for the year ended 31st March 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Cent Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cent Investments Limited and state those matters that we have agreed to state to the Board of Directors of Cent Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cent Investments Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Cent Investments 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 loss of Cent Investments Limited. You consider that Cent Investments Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Cent Investments 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. |
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Bank House |
81 St Judes Road |
Englefield Green |
Surrey |
TW20 0DF |
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Date: ............................................. |
CENT INVESTMENTS LIMITED (REGISTERED NUMBER: 09832358) |
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INCOME STATEMENT |
For The Year Ended 31st March 2020 |
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2020 | 2019 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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( |
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OPERATING (LOSS)/PROFIT and |
(LOSS)/PROFIT BEFORE TAXATION | ( |
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Tax on (loss)/profit | 4 | ( |
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(LOSS)/PROFIT FOR THE FINANCIAL
YEAR |
( |
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CENT INVESTMENTS LIMITED (REGISTERED NUMBER: 09832358) |
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BALANCE SHEET |
31st March 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Share premium |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
CENT INVESTMENTS LIMITED (REGISTERED NUMBER: 09832358) |
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BALANCE SHEET - continued |
31st March 2020 |
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The financial statements were approved by the Board of Directors and authorised for issue on
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CENT INVESTMENTS LIMITED (REGISTERED NUMBER: 09832358) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31st March 2020 |
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1. | STATUTORY INFORMATION |
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Cent Investments Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. |
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Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TAXATION |
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Analysis of the tax (credit)/charge |
The tax (credit)/charge on the loss for the year was as follows: |
2020 | 2019 |
£ | £ |
Current tax: |
UK corporation tax | ( |
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Deferred tax |
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( |
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Tax on (loss)/profit | ( |
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CENT INVESTMENTS LIMITED (REGISTERED NUMBER: 09832358) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31st March 2020 |
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5. | FIXED ASSET INVESTMENTS |
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Investments (neither listed nor unlisted) were as follows: |
2020 | 2019 |
£ | £ |
Investment : Cost | 36,401,747 | 28,696,044 |
Investment: Net Additions | 8,944,411 | 6,522,876 |
Investment: Revaluation | 613,455 | 1,182,828 |
45,959,613 | 36,401,748 |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1st April 2019 |
and 31st March 2020 |
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NET BOOK VALUE |
At 31st March 2020 |
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At 31st March 2019 |
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Fair value at 31st March 2020 is represented by: |
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Valuation in 2020 | 2,656,450 |
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7. | DEBTORS |
2020 | 2019 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
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Deferred tax asset |
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Amounts falling due after more than one year: |
Other debtors |
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Tax |
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Aggregate amounts |
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CENT INVESTMENTS LIMITED (REGISTERED NUMBER: 09832358) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31st March 2020 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
£ | £ |
Loans from shareholders |
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Other Loans | 17,852,807 | 5,685,400 |
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The loans from shareholders are unsecured, non interest bearing, long term in nature and repayable on demand. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary | £1 | 104 | 104 |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling parties are D F M Silvester and J P Silvester. |