1 January 2022 v2023.21.1 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00truexbrli:purexbrli:sharesiso4217:GBP106965782022-01-012022-12-31106965782022-12-31106965782021-12-3110696578core:WithinOneYear2022-12-3110696578core:WithinOneYear2021-12-3110696578core:AfterOneYear2022-12-3110696578core:AfterOneYear2021-12-3110696578core:ShareCapital2022-12-3110696578core:ShareCapital2021-12-3110696578core:RetainedEarningsAccumulatedLosses2022-12-3110696578core:RetainedEarningsAccumulatedLosses2021-12-3110696578bus:Director12022-01-012022-12-3110696578bus:RegisteredOffice2022-01-012022-12-3110696578core:LandBuildings2022-01-012022-12-3110696578core:LandBuildings2022-12-31106965782022-01-011069657812022-01-012022-12-31106965782021-01-012021-12-3110696578countries:EnglandWales2022-01-012022-12-3110696578bus:AuditExemptWithAccountantsReport2022-01-012022-12-3110696578bus:PrivateLimitedCompanyLtd2022-01-012022-12-3110696578bus:SmallEntities2022-01-012022-12-3110696578bus:FullAccounts2022-01-012022-12-31
Company registration number:
10696578
CB Developments (Essex) Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2022
CB Developments (Essex) Limited
Statement of Financial Position
31 December 2022
20222021
Note££
Fixed assets    
Tangible assets 5
325,000
  -  
Current assets    
Stocks -  
282,634
 
Cash at bank and in hand
2,016
 
42,811
 
2,016
 
325,445
 
Creditors: amounts falling due within one year 6
(119,776
)
(121,973
)
Net current (liabilities)/assets
(117,760
)
203,472
 
Total assets less current liabilities 207,240   203,472  
Creditors: amounts falling due after more than one year 7
(246,262
)
(240,213
)
Net liabilities
(39,022
)
(36,741
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(39,122
)
(36,841
)
Shareholders deficit
(39,022
)
(36,741
)
For the year ending
31 December 2022
, 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
30 September 2023
, and are signed on behalf of the board by:
L Chapman
Director
Company registration number:
10696578
CB Developments (Essex) Limited
Notes to the Financial Statements
Year ended
31 December 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 4 Fleet House
,
1 Armstrong Road
,
Benfleet
,
Essex
,
SS7 4FH
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2021: Nil).

5 Tangible assets

Land and buildings
£
Cost  
At
1 January 2022
-  
Additions
325,000
 
At
31 December 2022
325,000
 
Depreciation  
At
1 January 2022
and
31 December 2022
-  
Carrying amount  
At
31 December 2022
325,000
 
At 31 December 2021 -  

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2022
£
Carrying amount at
1 January 2022
0.00
 
Additions
325,000
 
Carrying amount at
31 December 2022
325,000
 

6 Creditors: amounts falling due within one year

20222021
££
Other creditors
119,776
 
121,973
 

7 Creditors: amounts falling due after more than one year

20222021
££
Bank loans and overdrafts
246,262
 
240,213