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REGISTERED NUMBER: 04929552 (England and Wales)















CHELTENHAM DESIGN AND DEVELOPMENT
LIMITED

Unaudited Financial Statements

for the period

1 August 2022 to 31 March 2023






CHELTENHAM DESIGN AND DEVELOPMENT
LIMITED (REGISTERED NUMBER: 04929552)






Contents of the Financial Statements
for the period 1 August 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHELTENHAM DESIGN AND DEVELOPMENT
LIMITED

Company Information
for the period 1 August 2022 to 31 March 2023







DIRECTOR: C Wilson



REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW



REGISTERED NUMBER: 04929552 (England and Wales)



SOLICITORS: England Stickland & Neale
267 - 269 High Street
Erdington
Birmingham
B23 6SR

CHELTENHAM DESIGN AND DEVELOPMENT
LIMITED (REGISTERED NUMBER: 04929552)

Balance Sheet
31 March 2023

31/3/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,215 3,575

CURRENT ASSETS
Stocks 1,211,707 1,371,593
Debtors 5 1,107,436 921,802
Cash at bank 7,822 57,991
2,326,965 2,351,386
CREDITORS
Amounts falling due within one year 6 1,924,274 1,971,405
NET CURRENT ASSETS 402,691 379,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,906

383,556

PROVISIONS FOR LIABILITIES 611 679
NET ASSETS 405,295 382,877

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 405,195 382,777
SHAREHOLDERS' FUNDS 405,295 382,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:



C Wilson - Director


CHELTENHAM DESIGN AND DEVELOPMENT
LIMITED (REGISTERED NUMBER: 04929552)

Notes to the Financial Statements
for the period 1 August 2022 to 31 March 2023

1. STATUTORY INFORMATION

Cheltenham Design and Development 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.

Significant judgements and estimates
The Director is required to make significant judgements on the UK property market and in particular the optimum time to sell or acquire property. Estimates are made on an annual basis concerning the realisable value of property with reference to the external market conditions at the time and using the Director's experience.

Turnover
Turnover is derived entirely from the company's principal activity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock of properties are included at their original purchase price plus all associated costs and development expenses at the balance sheet date. Provision is made for any anticipated or known loss so as to state the properties at the lower of cost or net realisable value.

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.

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 (2022 - NIL).

CHELTENHAM DESIGN AND DEVELOPMENT
LIMITED (REGISTERED NUMBER: 04929552)

Notes to the Financial Statements - continued
for the period 1 August 2022 to 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 March 2023 18,054
DEPRECIATION
At 1 August 2022 14,479
Charge for period 360
At 31 March 2023 14,839
NET BOOK VALUE
At 31 March 2023 3,215
At 31 July 2022 3,575

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/7/22
£    £   
Other debtors 1,107,436 921,802

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/7/22
£    £   
Bank loans and overdrafts 1,621,586 1,629,017
Trade creditors 23,094 5,156
Taxation and social security 40,620 70,904
Other creditors 238,974 266,328
1,924,274 1,971,405

Bank loans in respect of properties are interest only loans with no set date for repayment as this is dependant upon the ultimate sale of the properties in stock. As the company intends to resell its properties as soon as profits are potentially available, the director considers that such loans should be shown as amounts due within one

Included in other creditors is a director's loan account which has been reclassified as a current liability as it is not subject to any formal loan agreement and therefore is to be accounted for as though it was repayable on demand. There is no set repayment date for the loan or interest charged on it.

7. SECURED DEBTS

The following secured debts are included within creditors:

31/3/23 31/7/22
£    £   
Bank loans 1,621,586 1,629,017