Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302true2022-07-01falseThe principal activity throughout the year continued to be that of investment property.2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12659551 2022-07-01 2023-06-30 12659551 2021-07-01 2022-06-30 12659551 2023-06-30 12659551 2022-06-30 12659551 c:Director2 2022-07-01 2023-06-30 12659551 d:CurrentFinancialInstruments 2023-06-30 12659551 d:CurrentFinancialInstruments 2022-06-30 12659551 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12659551 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12659551 d:ShareCapital 2023-06-30 12659551 d:ShareCapital 2022-06-30 12659551 d:RetainedEarningsAccumulatedLosses 2023-06-30 12659551 d:RetainedEarningsAccumulatedLosses 2022-06-30 12659551 c:FRS102 2022-07-01 2023-06-30 12659551 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12659551 c:FullAccounts 2022-07-01 2023-06-30 12659551 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 12659551










CGC DEVELOPMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
CGC DEVELOPMENTS LTD
REGISTERED NUMBER: 12659551

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
270,316
220,406

Debtors: amounts falling due within one year
 4 
17
75

Cash at bank and in hand
  
21,403
24,209

  
291,736
244,690

Creditors: amounts falling due within one year
 5 
(311,225)
(253,673)

Net current liabilities
  
 
 
(19,489)
 
 
(8,983)

Total assets less current liabilities
  
(19,489)
(8,983)

  

Net liabilities
  
(19,489)
(8,983)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(19,589)
(9,083)

  
(19,489)
(8,983)


Page 1

 
CGC DEVELOPMENTS LTD
REGISTERED NUMBER: 12659551
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 September 2023.




S J Winstanley
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
CGC DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

CGC Developments Limited is a private company limited by shares, incorporated in England and Wales (registered number: 12659551). Its registered office is 9 Greenfield View, Adwick-Upon-Dearne Mexborough, England, S64 0NF. The principal activity throughout the year continued to be that of the development of building projects.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the ability of the company to generate profits in the future. The directors believe this to be well founded, based on current and expected future levels of activity. The financial statements do not include any adjustments that would result if sufficient profits were not generated.

 
2.3

Borrowing costs

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. 
At each Balance Sheet date, work in porogress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

Page 3

 
CGC DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Prepayments
17
75



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
299,904
249,904

Other creditors
9,621
2,570

Accruals and deferred income
1,700
1,199

311,225
253,673


 
Page 4