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REGISTERED NUMBER: 07082600 (England and Wales)















Unaudited Financial Statements

for the period

1 December 2021 to 28 February 2023

for

CYBELE DEVELOPMENTS LIMITED

CYBELE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07082600)

Contents of the Financial Statements
for the period 1 December 2021 to 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CYBELE DEVELOPMENTS LIMITED

Company Information
for the period 1 December 2021 to 28 February 2023







Directors: G C James
P Peros





Registered office: 3 Danebrook Court
Langford Lane
Kidlington
Oxfordshire
OX5 1LQ





Registered number: 07082600 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
3 Danebrook Court
Langford Lane
Kidlington
Oxfordshire
OX5 1LQ

CYBELE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07082600)

Balance Sheet
28 February 2023

28/2/23 30/11/21
Notes £ £ £ £
Fixed assets
Tangible assets 4 9,185 12,949

Current assets
Stocks - 762,850
Debtors 5 756,386 829,526
Cash at bank 661,771 6,461
1,418,157 1,598,837
Creditors
Amounts falling due within one year 6 634,273 1,064,550
Net current assets 783,884 534,287
Total assets less current liabilities 793,069 547,236

Provisions for liabilities 1,795 3,088
Net assets 791,274 544,148

Capital and reserves
Called up share capital 100 100
Retained earnings 791,174 544,048
791,274 544,148

CYBELE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07082600)

Balance Sheet - continued
28 February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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.

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 14 November 2023 and were signed on its behalf by:





G C James - Director


CYBELE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07082600)

Notes to the Financial Statements
for the period 1 December 2021 to 28 February 2023


1. Statutory information

Cybele 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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 period 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 period 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.

CYBELE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07082600)

Notes to the Financial Statements - continued
for the period 1 December 2021 to 28 February 2023


2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The directors have made an assessment of the ability of the company to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

3. Employees and directors

The average number of employees during the period was 1 (2021 - 1 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 December 2021 69,005
Additions 410
At 28 February 2023 69,415
Depreciation
At 1 December 2021 56,056
Charge for period 4,174
At 28 February 2023 60,230
Net book value
At 28 February 2023 9,185
At 30 November 2021 12,949

CYBELE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07082600)

Notes to the Financial Statements - continued
for the period 1 December 2021 to 28 February 2023


4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£
Cost
At 1 December 2021
and 28 February 2023 54,120
Depreciation
At 1 December 2021 44,696
Charge for period 2,944
At 28 February 2023 47,640
Net book value
At 28 February 2023 6,480
At 30 November 2021 9,424

5. Debtors: amounts falling due within one year
28/2/23 30/11/21
£ £
Amounts owed by group undertakings 750,137 746,755
Other debtors 6,249 82,771
756,386 829,526

6. Creditors: amounts falling due within one year
28/2/23 30/11/21
£ £
Bank loans and overdrafts 33,333 345,833
Trade creditors 2,715 157
Taxation and social security 72,903 17,009
Other creditors 525,322 701,551
634,273 1,064,550

CYBELE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07082600)

Notes to the Financial Statements - continued
for the period 1 December 2021 to 28 February 2023


7. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the period ended 28 February 2023 and the year ended 30 November 2021:

28/2/23 30/11/21
£ £
P Peros
Balance outstanding at start of period 62,319 86,413
Amounts advanced 45,934 35,906
Amounts repaid (105,597 ) (60,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 2,656 62,319

G C James
Balance outstanding at start of period (78,726 ) -
Amounts advanced 89,971 35,088
Amounts repaid (11,245 ) (113,814 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - (78,726 )