Registered number
10838536
CDD Developments Ltd
Filleted Accounts
30 June 2022
CDD Developments Ltd
Registered number: 10838536
Balance Sheet
as at 30 June 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 - 1,328
Current assets
Stocks/WIP - 555,000
Debtors 4 105 5,815
Cash at bank and in hand 931,901 61,501
932,006 622,316
Creditors: amounts falling due within one year 5 (61,606) (8,478)
Net current assets 870,400 613,838
Total assets less current liabilities 870,400 615,166
Creditors: amounts falling due after more than one year 6 (574,408) (578,308)
Net assets 295,992 36,858
Capital and reserves
Called up share capital 5 5
Profit and loss account 295,987 36,853
Shareholders' funds 295,992 36,858
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Clayton
Director
Approved by the board on 12 August 2022
CDD Developments Ltd
Notes to the Accounts
for the year ended 30 June 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 July 2021 - 4,200 4,200
Additions 555,000 - 555,000
Disposals (555,000) (4,200) (559,200)
At 30 June 2022 - - -
Depreciation
At 1 July 2021 - 2,872 2,872
On disposals - (2,872) (2,872)
At 30 June 2022 - - -
Net book value
At 30 June 2022 - - -
At 30 June 2021 - 1,328 1,328
4 Debtors 2022 2021
£ £
Other debtors 105 5,815
5 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 61,096 7,968
Other creditors 510 510
61,606 8,478
6 Creditors: amounts falling due after one year 2022 2021
£ £
D Bowyer 249,704 253,604
D Clayton 324,704 324,704
574,408 578,308
7 Going concern
The directors are in the process of commencing a members voluntary liquidation
8 Other information
CDD Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
41 Andrews Way
Salisbury
Wiltshire
SP2 8QR
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