Culliford Developments Limited 10522207 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true true 10522207 2023-01-01 2023-12-31 10522207 2023-12-31 10522207 bus:OrdinaryShareClass1 2023-12-31 10522207 bus:OrdinaryShareClass2 2023-12-31 10522207 bus:OrdinaryShareClass3 2023-12-31 10522207 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10522207 bus:SmallEntities 2023-01-01 2023-12-31 10522207 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10522207 bus:AbridgedAccounts 2023-01-01 2023-12-31 10522207 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10522207 bus:RegisteredOffice 2023-01-01 2023-12-31 10522207 bus:Director1 2023-01-01 2023-12-31 10522207 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10522207 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 10522207 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 10522207 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10522207 countries:AllCountries 2023-01-01 2023-12-31 10522207 2022-01-01 2022-12-31 10522207 2022-12-31 10522207 bus:OrdinaryShareClass1 2022-12-31 10522207 bus:OrdinaryShareClass2 2022-12-31 10522207 bus:OrdinaryShareClass3 2022-12-31 10522207 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10522207

Culliford Developments Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

Culliford Developments Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Culliford Developments Limited

Company Information

Director

Mrs S Culliford

Registered office

Tall Trees
Rhinefield Road
Brockenhurst
SO42 7SQ

Accountants

Pyatt & Pyatt
Chartered Certified Accountants
36 St Thomas Street
Lymington
Hampshire
SO41 9NE

 

Culliford Developments Limited

(Registration number: 10522207)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

-

1,234,551

Cash at bank and in hand

 

802,618

32,631

 

802,618

1,267,182

Creditors: Amounts falling due within one year

(209,537)

(1,236,510)

Total assets less current liabilities

 

593,081

30,672

Accruals and deferred income

 

(780)

(1,050)

Net assets

 

592,301

29,622

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

592,201

29,522

Shareholders' funds

 

592,301

29,622

For the financial year ending 31 December 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 her 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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.

 

Culliford Developments Limited

(Registration number: 10522207)
Abridged Balance Sheet as at 31 December 2023

Approved and authorised by the director on 29 July 2024
 

.........................................
Mrs S Culliford
Director

 

Culliford Developments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 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:
Tall Trees
Rhinefield Road
Brockenhurst
SO42 7SQ

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 abridged 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 abridged 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

 

Culliford Developments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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

Stocks

2023
£

2022
£

Other inventories

-

1,234,551

 

Culliford Developments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

A Ordinary of £1 each

52

52

52

52

B Ordinary of £1 each

24

24

24

24

C Ordinary of £1 each

24

24

24

24

 

100

100

100

100