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REGISTERED NUMBER: 11274835 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2022

FOR

CGDP REALISATION LIMITED

CGDP REALISATION LIMITED (REGISTERED NUMBER: 11274835)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CGDP REALISATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2022







DIRECTOR: P J Cassidy





REGISTERED OFFICE: The Stables Village Street
Off Church
Leamington Spa
United Kingdom
CV33 9AW





REGISTERED NUMBER: 11274835 (England and Wales)





AUDITORS: Armstrongs Accountancy Ltd
Chartered Accountants and Statutory Auditor
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

CGDP REALISATION LIMITED (REGISTERED NUMBER: 11274835)

BALANCE SHEET
30TH SEPTEMBER 2022

2022 2021
(Unaudited)
Notes £    £   
CURRENT ASSETS
Debtors 4 4,489,627 14,178,030
Cash at bank 2,600,479 529,471
7,090,106 14,707,501
CREDITORS
Amounts falling due within one year 5 6,953,406 6,487,120
NET CURRENT ASSETS 136,700 8,220,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,700

8,220,381

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 136,699 8,220,380
136,700 8,220,381

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 22nd November 2023 and were signed by:





P J Cassidy - Director


CGDP REALISATION LIMITED (REGISTERED NUMBER: 11274835)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

1. STATUTORY INFORMATION

Cgdp Realisation 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.

Turnover comprises the fair value of consideration received or receivable, net of Value Added Tax, rebates and discounts.

Turnover on contracts arises from increases in valuations on contracts and is determined by external quantity surveyor valuations agreed with the client. It is the gross value of work carried out for the period to the balance sheet date (including retentions) but excludes claims until they are actually certified.

Profit on contracts is calculated in accordance with accounting standards and industry practice. Profit recognition is based on an assessment of the overall profitability forecast on individual contracts and is recognised when the outcome of a contract can be assessed with reasonable certainty. The profit recognised reflects that part of the total profit attributable to work performed at the balance sheet date. Any adjustments required to reflect the stage of completion and profit to the balance sheet date are processed through cost of sales. The assessment of the final outcome of each contract is determined by regular review of the revenues and costs to complete that contract.

Provisions are made for losses incurred or foreseen in bringing the contract to completion as soon as they become apparent.

Turnover on property developments represents the sales value of legally completed property and land sales.

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.

CGDP REALISATION LIMITED (REGISTERED NUMBER: 11274835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
(Unaudited)
£    £   
Amounts owed by group undertakings - 500,301
Amounts owed by participating interests 4,000,000 6,938,731
Other debtors 489,627 6,738,998
4,489,627 14,178,030

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
(Unaudited)
£    £   
Bank loans and overdrafts 19 15
Trade creditors 9,690 6,495
Amounts owed to group undertakings 842,661 -
Taxation and social security 4,355,951 2,158,885
Other creditors 1,745,085 4,321,725
6,953,406 6,487,120

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Muhammed Shabbir FCA, FCCA (Senior Statutory Auditor)
for and on behalf of Armstrongs Accountancy Ltd

7. RELATED PARTY DISCLOSURES

Debtors include £4,000,000 (2021:£6,850,900) due from Cassidy Group (Arkwright St) Ltd, a company under common control.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P J Cassidy.