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REGISTERED NUMBER: 03480323 (England and Wales)


Teesdale Development Company Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






Teesdale Development Company Limited (Registered number: 03480323)






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


Teesdale Development Company Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D S McKnight
A M Dinwiddie
P E Dixon
JC Simpson
J Atkinson
E Henderson
L M Wall





SECRETARY: L Todhunter





REGISTERED OFFICE: Enterprise House
Harmire Enterprise Park
Barnard Castle
Co Durham
DL12 8XT





REGISTERED NUMBER: 03480323 (England and Wales)





ACCOUNTANTS: Addison & Co
Ebor House
91 Galgate
Barnard Castle
Co Durham
DL12 8ES

Teesdale Development Company Limited (Registered number: 03480323)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 284,272 301,210

CURRENT ASSETS
Debtors 5 2,838 2,590
Cash at bank and in hand 48,347 46,944
51,185 49,534
CREDITORS
Amounts falling due within one year 6 8,899 10,533
NET CURRENT ASSETS 42,286 39,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,558

340,211

CREDITORS
Amounts falling due after more than one
year

7

254,074

268,230
NET ASSETS 72,484 71,981

RESERVES
Income and expenditure account 8 72,484 71,981
72,484 71,981

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 surplus or deficit 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.

Teesdale Development Company Limited (Registered number: 03480323)

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 27 October 2023 and were signed on its behalf by:





P E Dixon - Director


Teesdale Development Company Limited (Registered number: 03480323)

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

1. STATUTORY INFORMATION

Teesdale Development Company Limited is a private company, limited by guarantee , 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
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.
Buildings - 2% on cost
Managed workspace - 2% on cost
Access for All - 2% on cost
Furniture & fixtures - 33% on reducing balance
Office & computer equipment - 25% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Teesdale Development Company Limited (Registered number: 03480323)

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

4. TANGIBLE FIXED ASSETS
Managed Access
Buildings workspace for All
£    £    £   
COST
At 1 April 2022
and 31 March 2023 432,247 265,318 70,851
DEPRECIATION
At 1 April 2022 252,247 195,811 19,801
Charge for year 10,000 5,306 1,417
At 31 March 2023 262,247 201,117 21,218
NET BOOK VALUE
At 31 March 2023 170,000 64,201 49,633
At 31 March 2022 180,000 69,507 51,050

Office &
Furniture computer
& fixtures equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 37,095 116,075 921,586
DEPRECIATION
At 1 April 2022 36,442 116,075 620,376
Charge for year 215 - 16,938
At 31 March 2023 36,657 116,075 637,314
NET BOOK VALUE
At 31 March 2023 438 - 284,272
At 31 March 2022 653 - 301,210

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,580 2,325
Prepayments 258 265
2,838 2,590

Teesdale Development Company Limited (Registered number: 03480323)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 6,909 8,766
Corporation tax 279 229
Social security and other taxes 88 142
VAT 1,623 1,396
8,899 10,533

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Grants Received 254,074 268,230

8. RESERVES
Income
and
expenditure
account
£   

At 1 April 2022 71,981
Surplus for the year 503
At 31 March 2023 72,484

9. SHARE CAPITAL

The company is limited by guarantee and does not have a share capital. Every member of the association undertakes to contribute to the assets of the association, in the event of the same being wound up,or within one year after he ceases to be a member,for payment of the debts and liabilities of the association contracted before he ceases to be a member,and of the costs charges and expenses of winding up,and for the adjustment of the rights of the contributors among themselves,such amount as may be required not exceeding £1. All Directors are members of the Association.