Company Registration No. 11045351 (England and Wales)
CRUZ DEVELOPMENTS LONDON LTD
Unaudited accounts
for the year ended 30 November 2023
CRUZ DEVELOPMENTS LONDON LTD
Unaudited accounts
Contents
CRUZ DEVELOPMENTS LONDON LTD
Company Information
for the year ended 30 November 2023
Directors
James Michael Bushe
Mrs Nicole Suki Milner
Company Number
11045351 (England and Wales)
Registered Office
4 Baird Road
Enfield
Middlesex
EN1 1SJ
England
Accountants
Stoke Newington Accountants & Tax Consultants Ltd
4 Baird Road
Enfield
Middlesex
EN1 1SJ
CRUZ DEVELOPMENTS LONDON LTD
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
439,110
347,710
Creditors: amounts falling due within one year
(67,628)
(53,402)
Net current assets
1,327,462
1,250,288
Total assets less current liabilities
1,327,462
1,250,288
Creditors: amounts falling due after more than one year
(937,321)
(931,144)
Net assets
390,141
319,144
Called up share capital
100
100
Profit and loss account
390,041
319,044
Shareholders' funds
390,141
319,144
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Mrs Nicole Suki Milner
Director
Company Registration No. 11045351
CRUZ DEVELOPMENTS LONDON LTD
Notes to the Accounts
for the year ended 30 November 2023
CRUZ DEVELOPMENTS LONDON LTD is a private company, limited by shares, registered in England and Wales, registration number 11045351. The registered office is 4 Baird Road, Enfield, Middlesex, EN1 1SJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Amounts falling due after more than one year
Amounts due from group undertakings etc.
57,105
57,105
Other debtors
898,875
898,875
CRUZ DEVELOPMENTS LONDON LTD
Notes to the Accounts
for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
66,728
47,581
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
937,321
931,144
7
Transactions with related parties
At the balance sheet date, the amount of £937,321 is owed to the majority shareholder (2022 £931,144).
The company's controlling party is Brendan Bushe by virtue of his ownership of the majority of the issued share capital in the company.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).