REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2022 |
FOR |
CGDP REALISATION LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Amounts owed by participating interests | 4,000,000 | 6,938,731 |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
(Unaudited) |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Auditors' Report was unqualified. |
for and on behalf of |
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 |