3
31/07/2022
2022-07-31
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No description of principal activities is disclosed
2021-08-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
08130349
2021-08-01
2022-07-31
08130349
2022-07-31
08130349
2020-08-01
2021-07-31
08130349
2021-07-31
08130349
bus:Director1
2021-08-01
2022-07-31
08130349
core:AfterOneYear
2022-07-31
08130349
core:AfterOneYear
2021-07-31
08130349
core:WithinOneYear
2022-07-31
08130349
core:WithinOneYear
2021-07-31
08130349
core:ShareCapital
2022-07-31
08130349
core:ShareCapital
2021-07-31
08130349
core:RetainedEarningsAccumulatedLosses
2022-07-31
08130349
core:RetainedEarningsAccumulatedLosses
2021-07-31
08130349
bus:SmallEntities
2021-08-01
2022-07-31
08130349
bus:AuditExempt-NoAccountantsReport
2021-08-01
2022-07-31
08130349
bus:FullAccounts
2021-08-01
2022-07-31
08130349
bus:SmallCompaniesRegimeForAccounts
2021-08-01
2022-07-31
08130349
bus:PrivateLimitedCompanyLtd
2021-08-01
2022-07-31
08130349
core:OtherRelatedParties
2021-08-01
2022-07-31
Company registration number:
08130349
Carden Developments Limited
Unaudited filleted financial statements
31 July 2022
Carden Developments Limited
Contents
Statement of financial position
Notes to the financial statements
Carden Developments Limited
Statement of financial position
31 July 2022
|
|
|
2022 |
|
|
|
2021 |
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|
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|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
265,218 |
|
|
|
265,218 |
|
|
Debtors |
|
5 |
143 |
|
|
|
408 |
|
|
Cash at bank and in hand |
|
|
1,771 |
|
|
|
805 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
267,132 |
|
|
|
266,431 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
416,706) |
|
|
|
(
401,497) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
149,574) |
|
|
|
(
135,066) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
(
149,574) |
|
|
|
(
135,066) |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
7 |
|
|
(
38,940) |
|
|
|
(
43,609) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net liabilities |
|
|
|
|
(
188,514) |
|
|
|
(
178,675) |
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|
|
|
|
_______ |
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|
_______ |
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|
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|
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Capital and reserves |
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|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
(
188,614) |
|
|
|
(
178,775) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders deficit |
|
|
|
|
(
188,514) |
|
|
|
(
178,675) |
|
|
|
|
|
_______ |
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|
_______ |
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For the year ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
05 September 2022
, and are signed on behalf of the board by:
Mr T M Carden
Director
Company registration number:
08130349
Carden Developments Limited
Notes to the financial statements
Year ended 31 July 2022
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Deansfield House, 98 Lancaster Road, Newcastle, Staffordshire, ST5 1DS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Going concern
The accounts have been prepared on a going concern basis see note 9 for further details.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax ismeasured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stock is valued at the lower of cost and net realisable value.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2021:
3
).
5.
Debtors
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
VAT repayable |
|
- |
259 |
|
Prepayments and accrued income |
|
143 |
149 |
|
|
|
_______ |
_______ |
|
|
|
143 |
408 |
|
|
|
_______ |
_______ |
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|
|
|
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6.
Creditors: amounts falling due within one year
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
10,843 |
6,495 |
|
Other loans |
|
30,805 |
- |
|
Trade creditors |
|
3,600 |
1,800 |
|
Connected Company - Britannia Consultancy Limited |
|
- |
26,195 |
|
Connected Company - Techmark Limited |
|
15,826 |
11,826 |
|
Directors' Account - T M Carden |
|
273,688 |
273,489 |
|
Directors' Account - D A Mayer |
|
33,618 |
33,802 |
|
Directors' Account - J Maiden |
|
46,826 |
46,390 |
|
Accruals and deferred income |
|
1,500 |
1,500 |
|
|
|
_______ |
_______ |
|
|
|
416,706 |
401,497 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due after more than one year
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
38,940 |
43,609 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Related party transactions
Mr T M Carden is considered to be a related party by virtue of his directorship and shareholding in the company. During the year Mr Carden introduced net funds to the company in the sum of £199 (2021:£14,431). At the balance sheet date the company owed Mr Carden £273,688 (2021: £273,489).Mr D A Mayer is considered to be a related party by virtue of his directorship and shareholding in the company. During the year Mr Mayer withdrew net funds from the company in the sum of £184 (2021: Mr Mayer introduced net funds in the sum of: £27,309). At the balance sheet date the company owed Mr Mayer £33,618 (2021: £33,802).Mrs S Stanway-Mayer is considered to be a related party by virtue of being the spouse of Mr D Mayer. During the year, Mrs S Stanway-Mayer advanced net funds to the company of £30,805 (2021: £Nil). At the balance sheet date, the company owed Mrs Stanway-Mayer £30,805 (2021: £Nil).Mr J Maiden is considered to be a related party by virtue of his directorship and shareholding in the company. During the year Mr Maiden introduced net funds from the company in the sum of £436 (2021:£26,333). At the balance sheet date the company owed Mr Maiden £46,826 (2021: £46,390).Britannia Consultancy Limited is considered to be a related party by virtue of being under the common control of Mr D Mayer. During the year Carden Developments Limited made net payments to the company of £26,195 (2021:£Nil). At the balance sheet date the company owed Britannia Consultancy Limited £Nil (2021: £26,195).Techmark Limited is considered to be a related party by virtue of being under the common control of Mr J Maiden. During the year Techmark Limited introduced net funds into the company in the sum of £4,000 (2021: £Nil). At the balance sheet date the company owed Techmark Limited £15,826 (2021: £11,826).
9.
Going Concern
As reflected within these financial statements, the company has reported a loss of £9,839 (2021: £19,958) and has deficiency of assets of £188,514 (2021 : £178,675). The directors have primarily personally funded the business throughout its period of operation. Assuming the continuing support of the company's Directors, it is the Directors' view that the company will continue in operational existence in the foreseeable future and will be able to meet its liabilities as they fall due. In view of the above consideration it is the opinion of the directors that the financial statements are prepared on a going concern basis.