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REGISTERED NUMBER: 10830225 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

CANFORD CLIFFS DEVELOPMENTS LIMITED

CANFORD CLIFFS DEVELOPMENTS LIMITED (REGISTERED NUMBER

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CANFORD CLIFFS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: N W Harrison
K P Harrison





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 10830225 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

CANFORD CLIFFS DEVELOPMENTS LIMITED (REGISTERED NUMBER

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 - 6,164,793
Debtors 5 1,377,781 -
Cash at bank and in hand 1,774,252 97,919
3,152,033 6,262,712
CREDITORS
Amounts falling due within one year 6 905,460 6,692,991
NET CURRENT ASSETS/(LIABILITIES) 2,246,573 (430,279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,246,573

(430,279

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,246,473 (430,379 )
SHAREHOLDERS' FUNDS 2,246,573 (430,279 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

CANFORD CLIFFS DEVELOPMENTS LIMITED (REGISTERED NUMBER

BALANCE SHEET - continued
31 MARCH 2023


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

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 1 November 2023 and were signed on its behalf by:





N W Harrison - Director


CANFORD CLIFFS DEVELOPMENTS LIMITED (REGISTERED NUMBER

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


1. STATUTORY INFORMATION

Canford Cliffs Developments 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared on the going concern basis as the directors of a company under common control have indicated that they will continue to support the company.

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

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CANFORD CLIFFS DEVELOPMENTS LIMITED (REGISTERED NUMBER

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. STOCKS
2023 2022
£    £   
Work-in-progress - 6,164,793

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,358,517 -
VAT 19,264 -
1,377,781 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 3,034,993
Payments on account - 33,000
Trade creditors 370,198 89,499
Corporation tax 527,009 -
VAT - 2,476
Other creditors 4,753 3,471,523
Directors' current accounts - 50,000
Accruals and deferred income 3,500 11,500
905,460 6,692,991

7. RELATED PARTY DISCLOSURES

During the year a loan from a director was repaid in full with interest of £4,753. At the previous balance sheet date the loan was £50,000.

At the balance sheet date the company was owed £1,358,517 by a company under common control. This loan is repayable on demand (2022 - owed £3,285,364).