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REGISTERED NUMBER: 10622045 (England and Wales)











Consort Property Developments Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023






Consort Property Developments Limited (Registered number: 10622045)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Consort Property Developments Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: N K Golby





REGISTERED OFFICE: 31 Aldergate
Tamworth
Staffordshire
B79 7DX





REGISTERED NUMBER: 10622045 (England and Wales)





ACCOUNTANTS: Haines Watts Tamworth Limited
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Consort Property Developments Limited (Registered number: 10622045)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 540,271 540,271

CURRENT ASSETS
Debtors 5 322,288 155,348
Cash at bank and in hand 13,638 6,342
335,926 161,690
CREDITORS
Amounts falling due within one year 6 60,863 59,724
NET CURRENT ASSETS 275,063 101,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

815,334

642,237

CREDITORS
Amounts falling due after more than one year 7 815,259 653,749
NET ASSETS/(LIABILITIES) 75 (11,512 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 74 (11,513 )
SHAREHOLDERS' FUNDS 75 (11,512 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 November 2023 and were signed by:



N K Golby - Director


Consort Property Developments Limited (Registered number: 10622045)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Consort Property 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.

Despite the negative balance sheet position, the accounts have been prepared on a going concern basis in the knowledge that the Company continues to have the support of connected companies and the Director.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2022 - NIL).

Consort Property Developments Limited (Registered number: 10622045)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 540,271
NET BOOK VALUE
At 28 February 2023 540,271
At 28 February 2022 540,271

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,408 3,199
Amounts owed by associates 314,846 151,306
Other debtors 1,034 843
322,288 155,348

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 4,885 3,026
Amounts owed to associates 50,000 50,000
Taxation and social security - 720
Other creditors 2,978 2,978
60,863 59,724

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 7,000 10,000
Amounts owed to group undertakings 808,259 643,749
815,259 653,749

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1