Bright AccountsProduction v1.0.0 v1.0.0 2022-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the development of building projects. 28 November 2023 2 2 NI667813 2023-02-28 NI667813 2022-02-28 NI667813 2021-02-28 NI667813 2022-03-01 2023-02-28 NI667813 2021-03-01 2022-02-28 NI667813 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 NI667813 uk-curr:PoundSterling 2022-03-01 2023-02-28 NI667813 uk-bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 NI667813 uk-bus:FullAccounts 2022-03-01 2023-02-28 NI667813 uk-bus:Director1 2022-03-01 2023-02-28 NI667813 uk-bus:Director2 2022-03-01 2023-02-28 NI667813 uk-bus:RegisteredOffice 2022-03-01 2023-02-28 NI667813 uk-bus:Agent1 2022-03-01 2023-02-28 NI667813 uk-core:ShareCapital 2023-02-28 NI667813 uk-core:ShareCapital 2022-02-28 NI667813 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI667813 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 NI667813 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-02-28 NI667813 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-02-28 NI667813 uk-bus:FRS102 2022-03-01 2023-02-28 NI667813 uk-core:CurrentFinancialInstruments 2023-02-28 NI667813 uk-core:CurrentFinancialInstruments 2022-02-28 NI667813 uk-core:WithinOneYear 2023-02-28 NI667813 uk-core:WithinOneYear 2022-02-28 NI667813 uk-core:WithinOneYear 2023-02-28 NI667813 uk-core:WithinOneYear 2022-02-28 NI667813 uk-core:AfterOneYear 2023-02-28 NI667813 uk-core:AfterOneYear 2022-02-28 NI667813 uk-core:BetweenTwoFiveYears 2023-02-28 NI667813 uk-core:BetweenTwoFiveYears 2022-02-28 NI667813 2022-03-01 2023-02-28 NI667813 uk-bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI667813
 
 
Calvert Developments Limited
 
Unaudited Financial Statements
 
for the financial year ended 28 February 2023
Calvert Developments Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Mr. Michael Hannath
Mr. Derek Faulkner
 
 
Company Registration Number NI667813
 
 
Registered Office and Business Address 5a Stewart Avenue
Portadown
Co. Armagh
BT63 5DA
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
Chartered Accountants
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers Bank of Ireland
  13 Market Street
  Lurgan
  Co. Armagh
  BT66 6AR
  United Kingdom



Calvert Developments Limited
Company Registration Number: NI667813
BALANCE SHEET
as at 28 February 2023

2023 2022
Notes £ £
 
Current Assets
Stocks 4 108,578 108,578
Debtors 5 64,730 99,299
Cash and cash equivalents 2,312 376,191
───────── ─────────
175,620 584,068
───────── ─────────
Creditors: amounts falling due within one year 6 (69,722) (193,927)
───────── ─────────
Net Current Assets 105,898 390,141
───────── ─────────
Total Assets less Current Liabilities 105,898 390,141
 
Creditors:
amounts falling due after more than one year 7 (22,685) (32,685)
───────── ─────────
Net Assets 83,213 357,456
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 83,211 357,454
───────── ─────────
Equity attributable to owners of the company 83,213 357,456
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 28 November 2023 and signed on its behalf by
           
           
________________________________          
Mr. Michael Hannath          
Director          
           



Calvert Developments Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 28 February 2023

   
1. General Information
 
Calvert Developments Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI667813. The registered office of the company is 5a Stewart Avenue, Portadown, Co. Armagh, BT63 5DA, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is the development of building projects. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 28 February 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of professional services supplied by the company, exclusive of value added tax.The company recognises turnover upon completion of professional services provided and subsequent raising of the relevant sales invoice.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2022 - 2).
 
  2023 2022
  Number Number
 
Director 2 2
  ═════════ ═════════
       
4. Stocks 2023 2022
  £ £
 
Work in progress 108,578 108,578
  ═════════ ═════════
       
5. Debtors 2023 2022
  £ £
 
Trade debtors - 1,500
Other debtors 64,590 96,442
Directors' current accounts (Note 10) 2 -
Taxation  (Note 8) 21 1,240
Prepayments and accrued income 117 117
  ───────── ─────────
  64,730 99,299
  ═════════ ═════════
       
6. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank loan 10,648 10,648
Other loan 15,000 -
Trade creditors 26,984 77,619
Amounts owed to related parties (Note 9) 15,040 40
Taxation  (Note 8) - 46,521
Accruals 2,050 59,099
  ───────── ─────────
  69,722 193,927
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Loans 22,685 32,685
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 6) 25,648 10,648
Repayable between two and five years 22,685 32,685
  ───────── ─────────
  48,333 43,333
  ═════════ ═════════
 
       
8. Taxation 2023 2022
  £ £
 
Debtors:
VAT - 1,240
Corporation tax 21 -
  ───────── ─────────
  21 1,240
  ═════════ ═════════
Creditors:
Corporation tax - 46,521
  ═════════ ═════════
           
9. Related party transactions
 
      2023 2022
      £ £
 
Finance amounts owed to related parties     15,040 40
      ═════════ ═════════
   
10. Directors' advances, credits and guarantees
 
During the financial year, the company made a loan to a directors amounting to £2.
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.