BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts FRS 105 Accounts The principal activity of this business is that of the development of building projects. 4 September 2024 0 0 NI034571 2023-12-31 NI034571 2022-12-31 NI034571 2021-12-31 NI034571 2023-01-01 2023-12-31 NI034571 2022-01-01 2022-12-31 NI034571 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI034571 uk-curr:PoundSterling 2023-01-01 2023-12-31 NI034571 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 NI034571 uk-core:CapitalReserve 2023-12-31 NI034571 uk-core:CapitalReserve 2022-12-31 NI034571 2023-01-01 2023-12-31 NI034571 uk-bus:Director1 2023-01-01 2023-12-31 NI034571 uk-bus:Director2 2023-01-01 2023-12-31 NI034571 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI034571 uk-bus:Micro-entities 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI034571
 
 
Celebrity Developments Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 December 2023
Celebrity Developments Limited
Company Registration Number: NI034571
STATEMENT OF FINANCIAL POSITION
as at 31 December 2023

    2023   2022
  £   £
 
Creditors: amounts falling due within one year (535,247)   (535,247)
  ─────────   ─────────
Total Assets less Current Liabilities (535,247)   (535,247)
  ─────────   ─────────
Net Liabilities (535,247)   (535,247)
  ═════════   ═════════
 
Capital and Reserves (535,247)   (535,247)
  ═════════   ═════════
 
Notes to the Financial statements
   
1. General Information
 
Celebrity Developments Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI034571. The registered office of the company is 30 Greyabbey Road, Newtownards, BT22 2NY, United Kingdom which is also the principal place of business of the company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
   
2. Going concern
 
The company's financial statements have been prepared on the going concern basis, which assumes that the company will continue to be able to meet its liabilities as they fall due for the foreseeable future.

The company's reserves deficit relates to historic losses incurred as part of its property development trade. The company's bank appointed receivers in 2010 to assume ownership of the company's stock of land. Since then, the directors have not had any contact with the bank. Nevertheless, the directors remain open to examine all avenues which may allow the company to return to a satisfactory financial position.

These circumstances represent a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. Nevertheless after making enquiries, and considering the uncertainties described above, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis in preparing the annual report and accounts and these financial statements do not include any adjustments that would result from the going concern basis of preparation being inappropriate.
   
3. Contingent liabilities
 
During the 2010 financial year the company's bank assumed its property stock as mortgagee in possession. The company's bank instructed that the company's property stock be sold and the sale proceeds presumably offset against the company's bank borrowings. In preparing the financial statements, the market value ascribed to the property by the bank's agents has been used as the stock's disposal value, which has then been offset against the bank borrowings. Stock has not been reflected in the company's statement of financial position and a residue of bank borrowings remains shown in the statement of of financial position. The directors have also not been supplied with exact details of any continuing liabilities accruing to the company's bank. Consequently, the exact scale of any liabilities owing to the bank may remain a function of any continued accrued interest on borrowings and of any sales proceeds of the mortgaged property stock, which will only be determined at a future date and which may be more, or less, than the figure as stated at the current statement of financial position date. As the directors have no no indication of any accrued interest, nor have they received any correspondence from the bank regarding the quantum of any remaining loans repayable or any other liabilities, no accrued interest amounts have been reflected in the statement of financial position as being due.
     
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
 
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
 
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
 
These financial statements have been prepared in accordance with the provisions available to micro-entities in Part 15 of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
 
The company has taken advantage of the exemption under section 444 not to file the Income Statement.
 
Approved by the Board on 4 September 2024 and signed on its behalf by:
 
   
________________________________  
Roland Graham Bell  
Director  
 
 
Roland Graham Bell