Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12022-02-08falsetrueDevelopment of building projectstrue 13900337 2022-02-07 13900337 2022-02-08 2023-02-28 13900337 2021-03-01 2022-02-07 13900337 2023-02-28 13900337 c:Director1 2022-02-08 2023-02-28 13900337 d:CurrentFinancialInstruments 2023-02-28 13900337 d:Non-currentFinancialInstruments 2023-02-28 13900337 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13900337 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13900337 d:ShareCapital 2023-02-28 13900337 d:RetainedEarningsAccumulatedLosses 2023-02-28 13900337 c:FRS102 2022-02-08 2023-02-28 13900337 c:AuditExempt-NoAccountantsReport 2022-02-08 2023-02-28 13900337 c:FullAccounts 2022-02-08 2023-02-28 13900337 c:PrivateLimitedCompanyLtd 2022-02-08 2023-02-28 13900337 e:PoundSterling 2022-02-08 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 13900337










CAERPHILLY DEVELOPMENTS SPV 1 LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
CAERPHILLY DEVELOPMENTS SPV 1 LTD
REGISTERED NUMBER: 13900337

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
Note
£

  

Current assets
  

Stocks
 4 
653,191

Cash at bank and in hand
  
10

  
653,201

Creditors: amounts falling due within one year
 5 
(54,359)

Net current assets
  
 
 
598,842

Total assets less current liabilities
  
598,842

Creditors: amounts falling due after more than one year
 6 
(599,946)

  

Net (liabilities)/assets
  
(1,104)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(1,204)

  
(1,104)


Page 1

 
CAERPHILLY DEVELOPMENTS SPV 1 LTD
REGISTERED NUMBER: 13900337
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 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 period 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 by: 




Dorian Ronnie Payne
Director

Date: 8 February 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CAERPHILLY DEVELOPMENTS SPV 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

Caerphilly Developments SPV 1 Limited is a private company, limited by shares, registered in England and Wales.
The company's registered office address is as below:
5 Dyffryn Court Riverside Business Park
Swansea Vale
Swansea
Wales
SA7 0AP

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

In preparing the financial statements, the director has considered the current financial position and has also assessed the financial future of the business. The director has concluded that it is appropriate to prepare the financial statements on a going concern basis. In forming this conclusion the director has considered the company's financial position.
After making enquiries, the director has a reasonable expectation that the company has adequate
resources to continue in operational existence for the foreseeable future and to meet its financial
obligations as they fall due. Accordingly, the director continues to adopt the going concern basis in
preparing the annual report and accounts.

Page 3

 
CAERPHILLY DEVELOPMENTS SPV 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.3

Revenue

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
CAERPHILLY DEVELOPMENTS SPV 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Stocks

2023
£

Purchases
153,191

Land purchase
500,000

653,191


Included in stocks is £74,233 in relation to loan interest capitalised in the year.


5.


Creditors: Amounts falling due within one year

2023
£

Other loans
52,587

Other creditors
472

Accruals and deferred income
1,300

54,359


Page 5

 
CAERPHILLY DEVELOPMENTS SPV 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

6.


Creditors: Amounts falling due after more than one year

2023
£

Other loans
599,946

599,946


 
Page 6