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Registration number: 10922643

Courtyard Developments (Bramley) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Courtyard Developments (Bramley) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Courtyard Developments (Bramley) Limited

Company Information

Director

Daniel Leonard Heymann

Registered office

Hunting Lodge
Broome Hall
Coldharbour
Dorking
Surrey
RH5 6HJ

Accountants

David Lissimore ACMA
AIMS Accountants for Business
3 Clayton Close
Morton
Alfreton
Derbyshire
DE55 6LN

 

Courtyard Developments (Bramley) Limited

(Registration number: 10922643)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

16

16

Current assets

 

Debtors

5

637,963

1,214,095

Cash at bank and in hand

 

220

5,298

 

638,183

1,219,393

Creditors: Amounts falling due within one year

6

(105,677)

(105,667)

Net current assets

 

532,506

1,113,726

Total assets less current liabilities

 

532,522

1,113,742

Creditors: Amounts falling due after more than one year

6

(547,697)

(1,115,158)

Net liabilities

 

(15,175)

(1,416)

Capital and reserves

 

Called up share capital

7

10

10

Retained earnings

(15,185)

(1,426)

Shareholders' deficit

 

(15,175)

(1,416)

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 March 2024
 

 

Courtyard Developments (Bramley) Limited

(Registration number: 10922643)
Balance Sheet as at 31 July 2023

.........................................
Daniel Leonard Heymann
Director

 

Courtyard Developments (Bramley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Hunting Lodge
Broome Hall
Coldharbour
Dorking
Surrey
RH5 6HJ

These financial statements were authorised for issue by the director on 4 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Courtyard Developments (Bramley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Courtyard Developments (Bramley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investments

2023
£

2022
£

Investments in subsidiaries

16

16

Subsidiaries

£

Cost or valuation

At 1 August 2022

16

Provision

Carrying amount

At 31 July 2023

16

At 31 July 2022

16

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

8

637,963

1,214,095

   

637,963

1,214,095

 

Courtyard Developments (Bramley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

732

720

Other creditors

104,945

104,947

105,677

105,667

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

547,697

1,115,158

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

         

8

Related party transactions

The company has made a loan to a wholly owned subsidiary Courtyard Real Estate Limited

Summary of transactions with subsidiaries

At the year end £637,963 (2022-£1,214,095) was owed by the subsidiary