2022-11-01 2023-10-31 false Capium Accounts Production 1.1 04720979 bus:FullAccounts 2022-11-01 2023-10-31 04720979 bus:FRS102 2022-11-01 2023-10-31 04720979 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04720979 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04720979 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04720979 2022-11-01 2023-10-31 04720979 2023-10-31 04720979 bus:RegisteredOffice 2022-11-01 2023-10-31 04720979 core:WithinOneYear 2023-10-31 04720979 core:AfterOneYear 2023-10-31 04720979 bus:Director1 2022-11-01 2023-10-31 04720979 bus:Director1 2023-10-31 04720979 bus:Director1 2021-11-01 2022-10-31 04720979 bus:Director2 2022-11-01 2023-10-31 04720979 bus:Director2 2023-10-31 04720979 bus:Director2 2021-11-01 2022-10-31 04720979 2021-11-01 04720979 bus:CompanySecretary1 2022-11-01 2023-10-31 04720979 bus:LeadAgentIfApplicable 2022-11-01 2023-10-31 04720979 2021-11-01 2022-10-31 04720979 2022-10-31 04720979 core:WithinOneYear 2022-10-31 04720979 core:AfterOneYear 2022-10-31 04720979 bus:EntityAccountantsOrAuditors 2021-11-01 2022-10-31 04720979 core:LandBuildings 2022-11-01 2023-10-31 04720979 core:LandBuildings 2023-10-31 04720979 core:LandBuildings 2022-10-31 04720979 core:MotorCars 2022-11-01 2023-10-31 04720979 core:MotorCars 2023-10-31 04720979 core:MotorCars 2022-10-31 04720979 core:FurnitureFittings 2022-11-01 2023-10-31 04720979 core:FurnitureFittings 2023-10-31 04720979 core:FurnitureFittings 2022-10-31 04720979 core:ComputerEquipment 2022-11-01 2023-10-31 04720979 core:ComputerEquipment 2023-10-31 04720979 core:ComputerEquipment 2022-10-31 04720979 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-10-31 04720979 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-10-31 04720979 core:NetGoodwill 2022-11-01 2023-10-31 04720979 core:NetGoodwill 2023-10-31 04720979 core:NetGoodwill 2022-10-31 04720979 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 04720979 core:CostValuation core:Non-currentFinancialInstruments 2022-10-31 04720979 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-10-31 04720979 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-10-31 04720979 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-10-31 04720979 core:Non-currentFinancialInstruments 2023-10-31 04720979 core:Non-currentFinancialInstruments 2022-10-31 04720979 core:ShareCapital 2023-10-31 04720979 core:ShareCapital 2022-10-31 04720979 core:RetainedEarningsAccumulatedLosses 2023-10-31 04720979 core:RetainedEarningsAccumulatedLosses 2022-10-31 04720979 dpl:Item1 2022-11-01 04720979 dpl:Item1 2023-10-31 04720979 dpl:Item1 2021-11-01 04720979 dpl:Item1 2022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 04720979
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 October 2023

for

MODBURY DEVELOPMENTS LIMITED

Directors Mrs N J Mitchell
Mr R C Mitchell
Registered Number 04720979
Registered Office The Old Byre
Brownston Street
Plymouth
Devon
PL21 0RQ
Accountants H M Williams Chartered Certified Accountants
5 Sandy Court
Ashleigh Way
Plymouth
PL7 5JX
Secretary Mrs N J Mitchell
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 October 2023
Principal activities
The principal activity of the company in the year under review was that of property development.
Directors
The directors who have held office during the whole of the year were as follows:
Mrs N J Mitchell
Mr R C Mitchell
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Mrs N J Mitchell
Director

Date approved: 01 April 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 342,584    353,474 
342,584    353,474 
Current assets      
Stocks 5   14,600 
Debtors 6 2,637    1,986 
Cash at bank and in hand 48,308    59,939 
50,945    76,525 
Creditors: amount falling due within one year 7 (223,292)   (230,388)
Net current assets (172,347)   (153,863)
 
Total assets less current liabilities 170,237    199,611 
Provisions for liabilities 8 (295)   (443)
Net assets 169,942    199,168 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 169,940    199,166 
Shareholder's funds 169,942    199,168 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 01 April 2024 and were signed on its behalf by:


-------------------------------
Mrs N J Mitchell
Director
3
General Information
Modbury Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 04720979, registration address The Old Byre, Brownston Street, Plymouth, Devon, PL21 0RQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings 2% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 3 Years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Pension Costs and Other Post-Retirement Benefits
The company operates a defined contribution pension scheme. The contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 4).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 November 2022 50,000    50,000 
Additions  
Disposals  
At 31 October 2023 50,000    50,000 
Amortisation
At 01 November 2022 50,000    50,000 
Charge for year  
On disposals  
At 31 October 2023 50,000    50,000 
Net book values
At 31 October 2023  
At 31 October 2022  


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 November 2022 499,352    19,995    23,547    6,371    549,265 
Additions        
Disposals        
At 31 October 2023 499,352    19,995    23,547    6,371    549,265 
Depreciation
At 01 November 2022 148,893    18,052    23,072    5,774    195,791 
Charge for year 9,987    486    119    298    10,890 
On disposals        
At 31 October 2023 158,880    18,538    23,191    6,072    206,681 
Net book values
Closing balance as at 31 October 2023 340,472    1,457    356    299    342,584 
Opening balance as at 01 November 2022 350,459    1,943    475    597    353,474 


5.

Stocks

2023
£
  2022
£
Stocks   14,600 
  14,600 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 298   
Other Debtors 2,339    1,986 
2,637    1,986 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 828    626 
Taxation and Social Security   6,978 
Other Creditors 222,464    222,784 
223,292    230,388 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 295    443 
295    443 

9.

Ultimate controlling party

The company is under the control of it's directors.
4