0 22 November 2023 false false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09672619 2022-01-01 2022-12-30 09672619 2022-12-30 09672619 2021-12-31 09672619 2021-01-01 2021-12-31 09672619 2021-12-31 09672619 2020-12-31 09672619 bus:Director1 2022-01-01 2022-12-30 09672619 core:AfterOneYear 2022-12-30 09672619 core:AfterOneYear 2021-12-31 09672619 core:WithinOneYear 2022-12-30 09672619 core:WithinOneYear 2021-12-31 09672619 core:ShareCapital 2022-12-30 09672619 core:ShareCapital 2021-12-31 09672619 core:RetainedEarningsAccumulatedLosses 2022-12-30 09672619 core:RetainedEarningsAccumulatedLosses 2021-12-31 09672619 bus:SmallEntities 2022-01-01 2022-12-30 09672619 bus:Audited 2022-01-01 2022-12-30 09672619 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-30 09672619 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-30 09672619 bus:FullAccounts 2022-01-01 2022-12-30
COMPANY REGISTRATION NUMBER: 09672619
CLIMATE INNOVATION DISTRICT PHASE 2 LTD
FILLETED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 December 2022
CLIMATE INNOVATION DISTRICT PHASE 2 LTD
STATEMENT OF FINANCIAL POSITION
30 December 2022
30 Dec 22
31 Dec 21
Note
£
£
£
£
CURRENT ASSETS
Stocks
6,840,604
7,332,979
Debtors
4
8,025,599
767,371
Cash at bank and in hand
100,090
201,633
-------------
------------
14,966,293
8,301,983
CREDITORS: amounts falling due within one year
5
( 182,402)
( 274,626)
-------------
------------
NET CURRENT ASSETS
14,783,891
8,027,357
-------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
14,783,891
8,027,357
CREDITORS: amounts falling due after more than one year
6
( 14,154,424)
( 8,007,660)
-------------
------------
NET ASSETS
629,467
19,697
-------------
------------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
629,367
19,597
---------
--------
SHAREHOLDERS FUNDS
629,467
19,697
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 22 November 2023 , and are signed on behalf of the board by:
C A Thompson
Director
Company registration number: 09672619
CLIMATE INNOVATION DISTRICT PHASE 2 LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2022 TO 30 DECEMBER 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Place, 4 Central Place, Clarence Road, Climate Innovation District, Leeds, LS10 1FB, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of development properties sold, exclusive of Value Added Tax.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. DEBTORS
30 Dec 22
31 Dec 21
£
£
Trade debtors
37,204
196,364
Amounts owed by group undertakings and undertakings in which the company has a participating interest
7,912,692
472,106
Other debtors
75,703
98,901
------------
---------
8,025,599
767,371
------------
---------
5. CREDITORS: amounts falling due within one year
30 Dec 22
31 Dec 21
£
£
Trade creditors
149,539
152,536
Corporation tax
478
Social security and other taxes
52,331
Other creditors
32,863
69,281
---------
---------
182,402
274,626
---------
---------
6. CREDITORS: amounts falling due after more than one year
30 Dec 22
31 Dec 21
£
£
Bank loans and overdrafts
14,154,424
8,007,660
-------------
------------
7. SUMMARY AUDIT OPINION
The auditor's report dated 22 November 2023 was unqualified .
The senior statutory auditor was JEFFREY WINE , for and on behalf of Wine & Co .
8. CONTROLLING PARTY
The ultimate parent of the company is Citu Group Ltd. The registered office of the parent company is The Place, 4 Central Place, Clarence Road, Climate Innovation District, Leeds, England, LS10 1FB.