Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-052023-04-05false2022-04-06falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09970087 2022-04-06 2023-04-05 09970087 2021-04-06 2022-04-05 09970087 2023-04-05 09970087 2022-04-05 09970087 c:Director2 2022-04-06 2023-04-05 09970087 d:OfficeEquipment 2022-04-06 2023-04-05 09970087 d:OfficeEquipment 2023-04-05 09970087 d:OfficeEquipment 2022-04-05 09970087 d:CurrentFinancialInstruments 2023-04-05 09970087 d:CurrentFinancialInstruments 2022-04-05 09970087 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 09970087 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-05 09970087 d:ShareCapital 2023-04-05 09970087 d:ShareCapital 2022-04-05 09970087 d:SharePremium 2023-04-05 09970087 d:SharePremium 2022-04-05 09970087 d:RetainedEarningsAccumulatedLosses 2023-04-05 09970087 d:RetainedEarningsAccumulatedLosses 2022-04-05 09970087 c:FRS102 2022-04-06 2023-04-05 09970087 c:AuditExempt-NoAccountantsReport 2022-04-06 2023-04-05 09970087 c:FullAccounts 2022-04-06 2023-04-05 09970087 c:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 09970087 2 2022-04-06 2023-04-05 09970087 6 2022-04-06 2023-04-05 iso4217:GBP xbrli:pure

Registered number: 09970087









CHEEK DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2023

 
CHEEK DEVELOPMENTS LIMITED
REGISTERED NUMBER: 09970087

BALANCE SHEET
AS AT 5 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
100
100

  
100
100

Current assets
  

Stocks
  
16,418,861
15,262,181

Debtors: amounts falling due within one year
 6 
182,163
146,247

Cash at bank and in hand
 7 
1,875,125
1,745,467

  
18,476,149
17,153,895

Creditors: amounts falling due within one year
 8 
(933,965)
(577,726)

Net current assets
  
 
 
17,542,184
 
 
16,576,169

Total assets less current liabilities
  
17,542,284
16,576,269

  

Net assets
  
17,542,284
16,576,269


Capital and reserves
  

Called up share capital 
  
4
4

Share premium account
  
10,522,379
10,522,379

Profit and loss account
  
7,019,901
6,053,886

  
17,542,284
16,576,269


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.

Page 1

 
CHEEK DEVELOPMENTS LIMITED
REGISTERED NUMBER: 09970087
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2023

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 profit and loss account 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: 




................................................
N Cheek
Director

Date: 16 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CHEEK DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1.


General information

Cheek Developments Limited is a private company, limited by shares, registered in England and Wales. The address of the company's registered office is 16A Churchfield Road, Chalfont St Peter, Bucks, SL9 9EN.
The company's principal activity is that of property development.
The financial statements are presented in sterling which is the financial currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
CHEEK DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
CHEEK DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

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, stocks are assessed for impairment. If stock is impaired, 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.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 5

 
CHEEK DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 6 April 2022
1,219



At 5 April 2023

1,219



Depreciation


At 6 April 2022
1,219



At 5 April 2023

1,219



Net book value



At 5 April 2023
-



At 5 April 2022
-


5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 6 April 2022
100



At 5 April 2023
100




Page 6

 
CHEEK DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

6.


Debtors

2023
2022
£
£


Other debtors
114,504
19,908

Prepayments and accrued income
67,659
126,339

182,163
146,247



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,875,125
1,745,467

1,875,125
1,745,467



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
263,304
401,766

Other taxation and social security
4,990
6,929

Other creditors
614,653
114,683

Accruals and deferred income
51,018
54,348

933,965
577,726



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £197 (2022 - £168) . 

 
Page 7