Caseware UK (AP4) 2022.0.179 2022.0.179 0truetrue2022-04-01falsethe development of building projects.0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13269996 2022-04-01 2023-03-31 13269996 2023-03-31 13269996 2021-04-01 2022-03-31 13269996 2022-03-31 13269996 c:Director1 2022-04-01 2023-03-31 13269996 d:CurrentFinancialInstruments 2023-03-31 13269996 d:CurrentFinancialInstruments 2022-03-31 13269996 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13269996 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13269996 d:ShareCapital 2023-03-31 13269996 d:ShareCapital 2022-03-31 13269996 d:RetainedEarningsAccumulatedLosses 2023-03-31 13269996 d:RetainedEarningsAccumulatedLosses 2022-03-31 13269996 c:FRS102 2022-04-01 2023-03-31 13269996 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13269996 c:FullAccounts 2022-04-01 2023-03-31 13269996 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 13269996













Citadel Homes (DV) Limited

Financial statements
Information for filing with the registrar

31 March 2023




 
Citadel Homes (DV) Limited


Balance sheet
At 31 March 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
100,000
896,860

Debtors
 4 
2,010,487
1

Cash at bank and in hand
  
-
1,000

  
2,110,487
897,861

Creditors: amounts falling due within one year
 5 
(1,822,471)
(898,360)

Net current assets/(liabilities)
  
 
 
288,016
 
 
(499)

Total assets less current liabilities
  
288,016
(499)

  

Net assets/(liabilities)
  
288,016
(499)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
288,015
(500)

Shareholders' funds
  
288,016
(499)


1

 
Citadel Homes (DV) Limited

    
Balance sheet (continued)
At 31 March 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2023.




D T Montgomery
Director

Company registered number: 13269996
The notes on pages 3 to 4 form part of these financial statements. 

2

 
Citadel Homes (DV) Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

1.


General information

Citadel Homes (DV) Limited (the company) operates within the housebuilding industry.
The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is given in the company information page of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover represents the total value of sales from the new build properties, excluding Value Added Tax, made during the year. Turnover and profit on sales of property and freehold interests are included in the accounts where completion has taken place by the end of the financial period.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.4

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

3

 
Citadel Homes (DV) Limited
 

 
Notes to the financial statements
Year ended 31 March 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration.


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
2,010,387
1

Other debtors
100
-

2,010,487
1



5.


Creditors: amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1,752,787
897,860

Corporation tax
67,559
-

Accruals and deferred income
2,125
500

1,822,471
898,360


 
4