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REGISTERED NUMBER: 04584837 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Century Developments Limited

Century Developments Limited (Registered number: 04584837)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Century Developments Limited

Company Information
for the Year Ended 30 November 2023







Directors: Mr. G Oxtoby
Mr J W Oxtoby
Mrs F T Cooke
Mrs. M J Oxtoby





Registered office: 78 Jasmine Cottage
Main Street
Cherry Burton
Beverley
East Yorkshire
HU17 7RF





Registered number: 04584837 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Century Developments Limited (Registered number: 04584837)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 424,829 410,839

CURRENT ASSETS
Stocks 5 49,774 21,304
Debtors 6 19,644 38,764
Cash at bank 15,165 40,072
84,583 100,140
CREDITORS
Amounts falling due within one year 7 14,563 16,791
NET CURRENT ASSETS 70,020 83,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,849

494,188

CREDITORS
Amounts falling due after more than one
year

8

(220,000

)

(220,000

)

PROVISIONS FOR LIABILITIES 9 (3,513 ) (855 )
NET ASSETS 271,336 273,333

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 271,036 273,033
SHAREHOLDERS' FUNDS 271,336 273,333

Century Developments Limited (Registered number: 04584837)

Balance Sheet - continued
30 November 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:





Mr. G Oxtoby - Director


Century Developments Limited (Registered number: 04584837)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Century 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Century Developments Limited (Registered number: 04584837)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2022 406,340 13,393 11,500 431,233
Additions - - 21,500 21,500
Disposals - - (11,500 ) (11,500 )
At 30 November 2023 406,340 13,393 21,500 441,233
DEPRECIATION
At 1 December 2022 - 13,138 7,256 20,394
Charge for year - 63 4,264 4,327
Eliminated on disposal - - (8,317 ) (8,317 )
At 30 November 2023 - 13,201 3,203 16,404
NET BOOK VALUE
At 30 November 2023 406,340 192 18,297 424,829
At 30 November 2022 406,340 255 4,244 410,839

5. STOCKS
2023 2022
£    £   
Stocks 49,774 21,304

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,070 38,286
Prepayments 574 478
19,644 38,764

Century Developments Limited (Registered number: 04584837)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 4,380 6,214
Social security and other taxes 791 253
VAT 4,819 4,113
Directors' current accounts 2,473 3,959
Accrued expenses 2,100 2,252
14,563 16,791

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Directors' loan accounts 220,000 220,000

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,513 855

Deferred
tax
£   
Balance at 1 December 2022 855
Provided during year 2,658
Balance at 30 November 2023 3,513

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
300 300