Registered number
13678612
Summer Developments Salisbury Ltd
Filleted Accounts
31 October 2023
Summer Developments Salisbury Ltd
Registered number: 13678612
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 75,630 75,630
Current assets
Debtors 4 390 -
Cash at bank and in hand 280 862
670 862
Creditors: amounts falling due within one year 5 (24,376) (77,900)
Net current liabilities (23,706) (77,038)
Total assets less current liabilities 51,924 (1,408)
Creditors: amounts falling due after more than one year 6 (58,236) (312)
Net liabilities (6,312) (1,720)
Capital and reserves
Called up share capital 1 -
Profit and loss account (6,313) (1,720)
Shareholder's funds (6,312) (1,720)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Cannell
Director
Approved by the board on 9 March 2024
Summer Developments Salisbury Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2022 75,630
At 31 October 2023 75,630
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 75,630
At 31 October 2022 75,630
4 Debtors 2023 2022
£ £
Other debtors 390 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,972 -
Trade creditors 312 -
Other creditors 21,092 77,900
24,376 77,900
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 57,926 -
Other creditors 310 312
58,236 312
7 Other information
Summer Developments Salisbury Ltd is a private company limited by shares and incorporated in England. Its registered office is:
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