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COMPANY REGISTRATION NUMBER: 07659658
Chris Anderson Residential Development Land Agent Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2023
Chris Anderson Residential Development Land Agent Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
6
351
111
Current assets
Debtors
7
2,562
2,210
Cash at bank and in hand
193,656
205,253
---------
---------
196,218
207,463
Creditors: amounts falling due within one year
8
14,162
26,398
---------
---------
Net current assets
182,056
181,065
---------
---------
Total assets less current liabilities
182,407
181,176
Provisions
Taxation including deferred tax
67
21
---------
---------
Net assets
182,340
181,155
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
182,240
181,055
---------
---------
Shareholders funds
182,340
181,155
---------
---------
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.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Chris Anderson Residential Development Land Agent Limited
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 12 March 2024 , and are signed on behalf of the board by:
Mr C Anderson
Director
Company registration number: 07659658
Chris Anderson Residential Development Land Agent Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, 3 Wellbrook Court, Girton, Cambridge, CB3 0NA.
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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Turnover in respect of long-term contracts and contracts for ongoing services is recognised by reference to the stage of completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Equipment
-
33% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Intangible assets
Goodwill
£
Cost
At 1 July 2022 and 30 June 2023
201,947
---------
Amortisation
At 1 July 2022 and 30 June 2023
201,947
---------
Carrying amount
At 30 June 2023
---------
At 30 June 2022
---------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 July 2022
649
524
1,849
3,022
Additions
185
149
334
----
----
-------
-------
At 30 June 2023
834
524
1,998
3,356
----
----
-------
-------
Depreciation
At 1 July 2022
622
440
1,849
2,911
Charge for the year
50
21
23
94
----
----
-------
-------
At 30 June 2023
672
461
1,872
3,005
----
----
-------
-------
Carrying amount
At 30 June 2023
162
63
126
351
----
----
-------
-------
At 30 June 2022
27
84
111
----
----
-------
-------
7. Debtors
2023
2022
£
£
Other debtors
2,562
2,210
-------
-------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
4,404
22,464
Other creditors
9,758
3,934
--------
--------
14,162
26,398
--------
--------
9. Director's advances, credits and guarantees
During the current and previous year the company made advances to and received repayments from the director. Interest has been charged at the official HMRC rate on any overdrawn balances exceeding £10,000, there are no repayment terms.
2023 2022
£ £
Advances 20,317 16,106
Repayments 22,122 68,349
Balance due from director 1,805