Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity4falsetrue 13786707 2022-03-31 13786707 2022-04-01 2023-03-31 13786707 2023-03-31 13786707 2021-12-07 2022-03-31 13786707 c:Director3 2022-04-01 2023-03-31 13786707 d:Non-currentFinancialInstruments 2023-03-31 13786707 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13786707 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13786707 d:ShareCapital 2023-03-31 13786707 c:FRS102 2022-04-01 2023-03-31 13786707 c:Audited 2022-04-01 2023-03-31 13786707 c:FullAccounts 2022-04-01 2023-03-31 13786707 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13786707 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 13786707







FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2023


EGBURY DEVELOPMENTS LTD






































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EGBURY DEVELOPMENTS LTD
REGISTERED NUMBER:13786707



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
Note
£

  

Current assets
  

Stocks
  
1,246,427

  
1,246,427

Creditors: amounts falling due within one year
  
(566,345)

Net current assets
  
 
 
680,082

Total assets less current liabilities
  
680,082

Creditors: amounts falling due after more than one year
 4 
(679,982)

  

Net assets
  
100


Capital and reserves
  

Allotted and called up share capital
  
100

  
100


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 by: 




................................................
Mr JJ Whelan
Director

Date: 6 October 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


EGBURY DEVELOPMENTS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Egbury Developments Limited is a private company, limited by shares, and incorporated in England and Wales. The address of the registered office, which is also the principal place of business, is disclosed on the company information page. 
The company was incorporated on 7 December 2021.

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 following principal accounting policies have been applied:

  
2.2

Work in progress

Work in progress is carried at cost less impairment provision.
Costs include all legal and professional fees relatng to the acquisition of land and property, obtaining planning consents and the costs of construction and redevelopment.
The company assesses at each year-end whether any work in progress is impaired. The assessment is made by comparing the carrying amount of work in progress with its selling price less costs to complete and sell. If any impairment is found, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.3

Going concern

The Company is yet to generate any revenue due to the stage of completion of the projects at 31 March 2023. However the parent company have given their support and will continue to do so, with no plans to call in the intercompany debt.


3.


Employees

The Company has no employees other than the Directors, who did not receive any remuneration (2022 - £NIL).


4.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
679,982

679,982


The bank loans are secured via a First Legal Charge over the freehold property (known as Egbury Farm Barns, Egbury Road, St Mary Bourne, Andover, Hampshire, SP11 6DL), a personal guarantee from JJ Whelan and JE Whelan and a First Mortgage Debenture over all of the Borrower's assets and undertakings.

Page 2

 


EGBURY DEVELOPMENTS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Parent company

The parent of the smallest group for which consolidated financial statements are drawn up is Natta Building Company Limited. The address of its registered office is Rose Court, Rye Common Lane, Crondall, Farnham, Surrey, GU10 5DD.


6.


Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2023 was unqualified.

The audit report was signed on 6 October 2023 by Charlotte Langdon ACA (Senior statutory auditor) on behalf of Menzies LLP.

Page 3