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REGISTERED NUMBER: 13953658 (England and Wales)













Unaudited Financial Statements

for the Period 4 March 2022 to 30 June 2023

for

Building Design Northern Developments
Limited

Building Design Northern Developments
Limited (Registered number: 13953658)






Contents of the Financial Statements
for the Period 4 March 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Building Design Northern Developments
Limited

Company Information
for the Period 4 March 2022 to 30 June 2023







DIRECTORS: R G Marsden
L Darwin
R G Doyle
D T Hunt
R B E Richardson
J T Warner
A J Webb





REGISTERED OFFICE: The Old School
Simpson Street
Sunderland
Tyne and Wear
SR4 6DR





REGISTERED NUMBER: 13953658 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Building Design Northern Developments
Limited (Registered number: 13953658)

Balance Sheet
30 June 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,619,808

CURRENT ASSETS
Debtors 5 16,743
Cash at bank 7,796
24,539
CREDITORS
Amounts falling due within one year 6 126,047
NET CURRENT LIABILITIES (101,508 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,518,300

CREDITORS
Amounts falling due after more than one
year

7

1,637,811
NET LIABILITIES (119,511 )

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings (119,611 )
SHAREHOLDERS' FUNDS (119,511 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

Building Design Northern Developments
Limited (Registered number: 13953658)

Balance Sheet - continued
30 June 2023


The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





R G Marsden - Director


Building Design Northern Developments
Limited (Registered number: 13953658)

Notes to the Financial Statements
for the Period 4 March 2022 to 30 June 2023

1. STATUTORY INFORMATION

Building Design Northern Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from the standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have also been consistently applied within the same accounts.

Going concern
The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. If the company is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Assets under construction - not provided

Tangible assets are measured at cost less accumulated depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Building Design Northern Developments
Limited (Registered number: 13953658)

Notes to the Financial Statements - continued
for the Period 4 March 2022 to 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Assets
under
construction
£   
COST
Additions 1,619,808
At 30 June 2023 1,619,808
NET BOOK VALUE
At 30 June 2023 1,619,808

The directors consider it appropriate to hold the asset currently under construction at cost as at 30 June 2023. The asset has been subsequently valued following the year end at a market value of £2.5m with construction remaining ongoing.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 16,743

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 22,277
Amounts owed to group companies 1,429
Other creditors 100,000
Accruals and deferred income 2,341
126,047

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans - 1-2 years 1,637,811

Building Design Northern Developments
Limited (Registered number: 13953658)

Notes to the Financial Statements - continued
for the Period 4 March 2022 to 30 June 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other loans 1,637,811

Other loans are secured by way of a fixed and floating charge over the undertaking and all property and assets present and future.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
65 Ordinary A £1 65
25 Ordinary B £1 25
10 Ordinary C £1 10
100

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those at a market rate.

There were no related party transactions other than those concluded under normal market condition, except for those shown below:

2023
£
Amounts owed to parent company 1,429

No interest has been charged.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R G Marsden.

The parent company is Freola Holdings Limited. The registered office address is The Old School, Simpson Street, Sunderland, England, SR4 6DR.