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REGISTERED NUMBER: 05809898 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Repton Development Company Limited

Repton Development Company Limited (Registered number: 05809898)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Repton Development Company Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: D S Sandhu
R S Sandhu





REGISTERED OFFICE: 3 Charnwood Street
Derby
DE1 2GY





REGISTERED NUMBER: 05809898 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
3 Charnwood Street
Derby
Derbyshire
DE1 2GY

Repton Development Company Limited (Registered number: 05809898)

Abridged Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,781 44,538

CURRENT ASSETS
Stocks 555,473 314,218
Debtors 5,588 216
Cash at bank 1,233 15,818
562,294 330,252
CREDITORS
Amounts falling due within one year 628,008 396,071
NET CURRENT LIABILITIES (65,714 ) (65,819 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,933

)

(21,281

)

CREDITORS
Amounts falling due after more than one
year

(33,333

)

(44,444

)

PROVISIONS FOR LIABILITIES (3,775 ) (8,462 )
NET LIABILITIES (85,041 ) (74,187 )

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 (85,141 ) (74,287 )
SHAREHOLDERS' FUNDS (85,041 ) (74,187 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:



R S Sandhu - Director


Repton Development Company Limited (Registered number: 05809898)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Repton Development Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial liabilities
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction cost and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Financial assets
Short term debtors are measured at transaction price, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

Repton Development Company Limited (Registered number: 05809898)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 55,487
Additions 999
Disposals (27,437 )
At 31 May 2023 29,049
DEPRECIATION
At 1 June 2022 10,949
Charge for year 7,178
Eliminated on disposal (6,859 )
At 31 May 2023 11,268
NET BOOK VALUE
At 31 May 2023 17,781
At 31 May 2022 44,538

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 38,889 44,444

Banks loans are secured by way of mortgage debentures, floating charges and legal charges over the assets of the company.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 June 2022 (74,287 )
Deficit for the year (10,854 )
At 31 May 2023 (85,141 )