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REGISTERED NUMBER: 10604608 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Conduit Mead Property Developments
Limited

Conduit Mead Property Developments
Limited (Registered number: 10604608)






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


Conduit Mead Property Developments
Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: T W Foster
N J Foster





REGISTERED OFFICE: 3B Nettlefold Place
West Norwood
London
SE27 OJW





REGISTERED NUMBER: 10604608 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Conduit Mead Property Developments
Limited (Registered number: 10604608)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,421 3,992
Investments 6 115 65
Investment property 7 603,000 558,000
608,536 562,057

CURRENT ASSETS
Stocks 1,239,751 1,229,522
Debtors 8 200,723 101,912
Cash at bank and in hand 399,156 511,315
1,839,630 1,842,749
CREDITORS
Amounts falling due within one year 9 45,821 40,501
NET CURRENT ASSETS 1,793,809 1,802,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,402,345

2,364,305

CREDITORS
Amounts falling due after more than one
year

10

(51,000

)

(76,000

)

PROVISIONS FOR LIABILITIES 11 (17,347 ) (6,135 )
NET ASSETS 2,333,998 2,282,170

CAPITAL AND RESERVES
Called up share capital 2,100,000 2,100,000
Fair value reserve 12 52,040 26,152
Retained earnings 12 181,958 156,018
SHAREHOLDERS' FUNDS 2,333,998 2,282,170

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.

Conduit Mead Property Developments
Limited (Registered number: 10604608)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





N J Foster - Director


Conduit Mead Property Developments
Limited (Registered number: 10604608)

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

1. STATUTORY INFORMATION

Conduit Mead Property 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

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 etc - 33% on cost and 20 to 33 % Straight line

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

Stocks
Stocks represent properties held for development and are valued at the lower of cost and net realisable value.

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

Conduit Mead Property Developments
Limited (Registered number: 10604608)

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

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 9,471
Additions 2,820
At 30 November 2023 12,291
DEPRECIATION
At 1 December 2022 5,479
Charge for year 1,391
At 30 November 2023 6,870
NET BOOK VALUE
At 30 November 2023 5,421
At 30 November 2022 3,992

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022 65
Additions 50
At 30 November 2023 115
NET BOOK VALUE
At 30 November 2023 115
At 30 November 2022 65

Conduit Mead Property Developments
Limited (Registered number: 10604608)

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

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 558,000
Additions 45,000
At 30 November 2023 603,000
NET BOOK VALUE
At 30 November 2023 603,000
At 30 November 2022 558,000

The investment property is valued annually by the directors on an open market existing use basis.

The historical cost of the investment property amounts to £533,613 (2022- £525,713).

8. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 1,054 11,531
Other debtors 37,094 81,783
38,148 93,314

Amounts falling due after more than one year:
Other debtors 162,575 8,598

Aggregate amounts 200,723 101,912

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 11,122 18,521
Taxation and social security 6,627 2,545
Other creditors 28,072 19,435
45,821 40,501

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other creditors 51,000 76,000

Conduit Mead Property Developments
Limited (Registered number: 10604608)

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

11. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 17,347 6,135

Deferred
tax
£   
Balance at 1 December 2022 6,135
Charge to Income Statement during year 11,212
Balance at 30 November 2023 17,347

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2022 156,018 26,152 182,170
Profit for the year 51,828 51,828
Revaluation of property (37,100 ) 37,100 -
Deferred tax provision 11,212 (11,212 ) -
At 30 November 2023 181,958 52,040 233,998

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
T W Foster
Balance outstanding at start of year - 105,500
Amounts repaid - (105,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -