2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 268,868 52,546 321,414 321,414 268,868 xbrli:pure xbrli:shares iso4217:GBP 13349071 2023-05-01 2024-04-30 13349071 2024-04-30 13349071 2023-04-30 13349071 2022-05-01 2023-04-30 13349071 2023-04-30 13349071 2022-04-30 13349071 bus:Director1 2023-05-01 2024-04-30 13349071 bus:Director2 2023-05-01 2024-04-30 13349071 core:LandBuildings 2023-05-01 2024-04-30 13349071 core:AfterOneYear 2024-04-30 13349071 core:AfterOneYear 2023-04-30 13349071 core:WithinOneYear 2024-04-30 13349071 core:WithinOneYear 2023-04-30 13349071 core:ShareCapital 2024-04-30 13349071 core:ShareCapital 2023-04-30 13349071 core:RetainedEarningsAccumulatedLosses 2024-04-30 13349071 core:RetainedEarningsAccumulatedLosses 2023-04-30 13349071 core:LandBuildings 2024-04-30 13349071 core:LandBuildings 2023-04-30 13349071 core:LandBuildings 2023-04-30 13349071 bus:Director1 2023-04-30 13349071 bus:Director2 2023-04-30 13349071 bus:Director1 2023-04-30 13349071 bus:Director2 2023-04-30 13349071 bus:Director1 2022-05-01 2023-04-30 13349071 bus:Director2 2022-05-01 2023-04-30 13349071 bus:SmallEntities 2023-05-01 2024-04-30 13349071 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13349071 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13349071 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13349071 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 13349071
319 Developments Limited
Filleted Unaudited Financial Statements
30 April 2024
319 Developments Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
321,414
268,868
Current assets
Debtors
6
100
3,946
Cash at bank and in hand
4,361
61,852
-------
--------
4,461
65,798
Creditors: amounts falling due within one year
7
146,702
150,330
---------
---------
Net current liabilities
142,241
84,532
---------
---------
Total assets less current liabilities
179,173
184,336
Creditors: amounts falling due after more than one year
8
194,155
188,495
---------
---------
Net liabilities
( 14,982)
( 4,159)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 15,082)
( 4,259)
--------
-------
Shareholders deficit
( 14,982)
( 4,159)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
319 Developments Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
Mr C Maclean
Mr D Dukes
Director
Director
Company registration number: 13349071
319 Developments Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 57a Broadway, Leigh on Sea, Essex, SS9 1PE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Land and buildings
£
Cost
At 1 May 2023
268,868
Additions
52,546
---------
At 30 April 2024
321,414
---------
Depreciation
At 1 May 2023 and 30 April 2024
---------
Carrying amount
At 30 April 2024
321,414
---------
At 30 April 2023
268,868
---------
6. Debtors
2024
2023
£
£
Other debtors
100
3,946
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
146,702
150,330
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
194,155
188,495
---------
---------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr C Maclean
1,714
( 1,714)
Mr D Dukes
1,932
( 1,932)
-------
-------
----
3,646
( 3,646)
-------
-------
----
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr C Maclean
1,714
1,714
Mr D Dukes
1,932
1,932
----
-------
-------
3,646
3,646
----
-------
-------