2022-04-012023-03-312023-03-31false07959134BAZELEY DEVELOPMENTS LTD2023-10-12iso4217:GBPxbrli:pure079591342022-04-01079591342023-03-31079591342022-04-012023-03-31079591342021-04-01079591342022-03-31079591342021-04-012022-03-3107959134bus:SmallEntities2022-04-012023-03-3107959134bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3107959134bus:FullAccounts2022-04-012023-03-3107959134bus:PrivateLimitedCompanyLtd2022-04-012023-03-3107959134core:WithinOneYear2023-03-3107959134core:AfterOneYear2023-03-3107959134core:WithinOneYear2022-03-3107959134core:AfterOneYear2022-03-3107959134core:ShareCapital2023-03-3107959134core:SharePremium2023-03-3107959134core:RevaluationReserve2023-03-3107959134core:OtherReservesSubtotal2023-03-3107959134core:RetainedEarningsAccumulatedLosses2023-03-3107959134core:ShareCapital2022-03-3107959134core:SharePremium2022-03-3107959134core:RevaluationReserve2022-03-3107959134core:OtherReservesSubtotal2022-03-3107959134core:RetainedEarningsAccumulatedLosses2022-03-3107959134core:LandBuildings2023-03-3107959134core:PlantMachinery2023-03-3107959134core:Vehicles2023-03-3107959134core:FurnitureFittings2023-03-3107959134core:OfficeEquipment2023-03-3107959134core:NetGoodwill2023-03-3107959134core:IntangibleAssetsOtherThanGoodwill2023-03-3107959134core:ListedExchangeTraded2023-03-3107959134core:UnlistedNon-exchangeTraded2023-03-3107959134core:LandBuildings2022-03-3107959134core:PlantMachinery2022-03-3107959134core:Vehicles2022-03-3107959134core:FurnitureFittings2022-03-3107959134core:OfficeEquipment2022-03-3107959134core:NetGoodwill2022-03-3107959134core:IntangibleAssetsOtherThanGoodwill2022-03-3107959134core:ListedExchangeTraded2022-03-3107959134core:UnlistedNon-exchangeTraded2022-03-3107959134core:LandBuildings2022-04-012023-03-3107959134core:PlantMachinery2022-04-012023-03-3107959134core:Vehicles2022-04-012023-03-3107959134core:FurnitureFittings2022-04-012023-03-3107959134core:OfficeEquipment2022-04-012023-03-3107959134core:NetGoodwill2022-04-012023-03-3107959134core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107959134core:ListedExchangeTraded2022-04-012023-03-3107959134core:UnlistedNon-exchangeTraded2022-04-012023-03-3107959134core:MoreThanFiveYears2022-04-012023-03-3107959134core:Non-currentFinancialInstruments2023-03-3107959134core:Non-currentFinancialInstruments2022-03-3107959134dpl:CostSales2022-04-012023-03-3107959134dpl:DistributionCosts2022-04-012023-03-3107959134dpl:AdministrativeExpenses2022-04-012023-03-3107959134core:LandBuildings2022-04-012023-03-3107959134core:PlantMachinery2022-04-012023-03-3107959134core:Vehicles2022-04-012023-03-3107959134core:FurnitureFittings2022-04-012023-03-3107959134core:OfficeEquipment2022-04-012023-03-3107959134core:NetGoodwill2022-04-012023-03-3107959134core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107959134dpl:GroupUndertakings2022-04-012023-03-3107959134dpl:ParticipatingInterests2022-04-012023-03-3107959134dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107959134core:ListedExchangeTraded2022-04-012023-03-3107959134dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107959134core:UnlistedNon-exchangeTraded2022-04-012023-03-3107959134dpl:CostSales2021-04-012022-03-3107959134dpl:DistributionCosts2021-04-012022-03-3107959134dpl:AdministrativeExpenses2021-04-012022-03-3107959134core:LandBuildings2021-04-012022-03-3107959134core:PlantMachinery2021-04-012022-03-3107959134core:Vehicles2021-04-012022-03-3107959134core:FurnitureFittings2021-04-012022-03-3107959134core:OfficeEquipment2021-04-012022-03-3107959134core:NetGoodwill2021-04-012022-03-3107959134core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3107959134dpl:GroupUndertakings2021-04-012022-03-3107959134dpl:ParticipatingInterests2021-04-012022-03-3107959134dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3107959134core:ListedExchangeTraded2021-04-012022-03-3107959134dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3107959134core:UnlistedNon-exchangeTraded2021-04-012022-03-3107959134core:NetGoodwill2023-03-3107959134core:IntangibleAssetsOtherThanGoodwill2023-03-3107959134core:LandBuildings2023-03-3107959134core:PlantMachinery2023-03-3107959134core:Vehicles2023-03-3107959134core:FurnitureFittings2023-03-3107959134core:OfficeEquipment2023-03-3107959134core:AfterOneYear2023-03-3107959134core:WithinOneYear2023-03-3107959134core:ListedExchangeTraded2023-03-3107959134core:UnlistedNon-exchangeTraded2023-03-3107959134core:ShareCapital2023-03-3107959134core:SharePremium2023-03-3107959134core:RevaluationReserve2023-03-3107959134core:OtherReservesSubtotal2023-03-3107959134core:RetainedEarningsAccumulatedLosses2023-03-3107959134core:NetGoodwill2022-03-3107959134core:IntangibleAssetsOtherThanGoodwill2022-03-3107959134core:LandBuildings2022-03-3107959134core:PlantMachinery2022-03-3107959134core:Vehicles2022-03-3107959134core:FurnitureFittings2022-03-3107959134core:OfficeEquipment2022-03-3107959134core:AfterOneYear2022-03-3107959134core:WithinOneYear2022-03-3107959134core:ListedExchange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BAZELEY DEVELOPMENTS LTD

Registered Number
07959134
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

BAZELEY DEVELOPMENTS LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Mrs L Bazeley
Mr S Bazeley

Registered Address

79 Higher Bore Street
Bodmin
PL31 1JT

Registered Number

07959134 (England and Wales)
BAZELEY DEVELOPMENTS LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets620,77044,410
20,77044,410
Current assets
Stocks9206,748194,897
Debtors10459,947456,523
Cash at bank and on hand901,416945,699
1,568,1111,597,119
Creditors amounts falling due within one year11(372,058)(421,253)
Net current assets (liabilities)1,196,0531,175,866
Total assets less current liabilities1,216,8231,220,276
Provisions for liabilities13(3,946)(8,882)
Net assets1,212,8771,211,394
Capital and reserves
Called up share capital300,002300,002
Profit and loss account912,875911,392
Shareholders' funds1,212,8771,211,394
The financial statements were approved and authorised for issue by the Board of Directors on 12 October 2023, and are signed on its behalf by:
Mr S Bazeley
Director
Registered Company No. 07959134
BAZELEY DEVELOPMENTS LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of a building developer.
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings25-
Plant and machinery25-
Office Equipment-33.33
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
5.Employee information

20232022
Average number of employees during the year00
6.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 2281,91124,750621107,282
Disposals(47,200)(11,500)-(58,700)
At 31 March 2334,71113,25062148,582
Depreciation and impairment
At 01 April 2243,05119,34347862,872
Charge for year8,5029731399,614
On disposals(36,282)(8,392)-(44,674)
At 31 March 2315,27111,92461727,812
Net book value
At 31 March 2319,4401,326420,770
At 31 March 2238,8605,40714344,410
7.Description of nature of transactions and balances with related parties
Mr S M Bazeley A charge was filed with Companies House on 17 February 2014 in respect of the directors, Mr S M Bazeley and Mrs L Bazeley in relation to a debenture. The particulars of this debenture include securities held over all company assets via a fixed charge. Mr T D Bazeley At the balance sheet date the company owed £NIL (2022 - £100,000) to the directors' son Mr T D Bazeley who is a shareholder in the company. This balance has been included within other creditors, the loan is non interest bearing and is repayable on demand. At the balance sheet date the company was owed £6,640 by the directors' son Mr T D Bazeley who is a shareholder in the company. This balance has been included within other debtors, the loan is non interest bearing and is repayable on demand. Bazeley Construction Ltd At the balance sheet date, the company was owed £146,167 (2022 - £146,167) by Bazeley Construction Ltd, a company in which shareholder Mr A J Bazeley, the son of the directors is also a shareholder in the form of a loan. This balance has been included within other debtors, the loan is non interest bearing and is repayable on demand.
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mrs L Bazeley123,08853,876118176,846
Mr S Bazeley123,08853,877118176,847
246,176107,753236353,693
The above loan balance was owed to the directors at the year end. This balance bears interest of 0.5% per annum and is repayable on demand.
9.Stocks

2023

2022

££
Work in progress206,748194,897
Total206,748194,897
10.Debtors

2023

2022

££
Other debtors459,947456,523
Total459,947456,523
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
11.Creditors within one year

2023

2022

££
Trade creditors / trade payables9,8751,500
Taxation and social security8,30671,231
Other creditors352,052346,176
Accrued liabilities and deferred income1,8252,346
Total372,058421,253
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
12.Creditors after one year
13.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)3,9468,882
Total3,9468,882