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COMPANY REGISTRATION NUMBER: 12292928
CLIMATE INNOVATION DISTRICT PHASE 1B LTD
FILLETED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 December 2022
CLIMATE INNOVATION DISTRICT PHASE 1B LTD
STATEMENT OF FINANCIAL POSITION
30 December 2022
30 Dec 22
31 Dec 21
Note
£
£
£
£
CURRENT ASSETS
Stocks
9,528,393
1,516,280
Debtors
4
10,277,635
2,483,721
Cash at bank and in hand
63,685
-------------
------------
19,869,713
4,000,001
CREDITORS: amounts falling due within one year
5
( 3,460,772)
-------------
------------
NET CURRENT ASSETS
16,408,941
4,000,001
-------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
16,408,941
4,000,001
CREDITORS: amounts falling due after more than one year
6
( 16,409,312)
( 4,000,000)
-------------
------------
NET (LIABILITIES)/ASSETS
( 371)
1
-------------
------------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 372)
----
----
SHAREHOLDERS (DEFICIT)/FUNDS
( 371)
1
----
----
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: 12292928
CLIMATE INNOVATION DISTRICT PHASE 1B 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.
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
18,713
Amounts owed by group undertakings and undertakings in which the company has a participating interest
10,274,197
2,460,374
Other debtors
3,438
4,634
-------------
------------
10,277,635
2,483,721
-------------
------------
5. CREDITORS: amounts falling due within one year
30 Dec 22
31 Dec 21
£
£
Trade creditors
1,212,079
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,076,500
Social security and other taxes
35,910
Other creditors
1,136,283
------------
----
3,460,772
------------
----
6. CREDITORS: amounts falling due after more than one year
30 Dec 22
31 Dec 21
£
£
Bank loans and overdrafts
16,409,312
4,000,000
-------------
------------
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 .