IRIS Accounts Production v24.1.9.2 01353728 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013537282022-12-31013537282023-12-31013537282023-01-012023-12-31013537282021-12-31013537282022-01-012022-12-31013537282022-12-3101353728ns15:EnglandWales2023-01-012023-12-3101353728ns14:PoundSterling2023-01-012023-12-3101353728ns10:Director12023-01-012023-12-3101353728ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101353728ns10:SmallEntities2023-01-012023-12-3101353728ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101353728ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101353728ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101353728ns10:AbridgedAccounts2023-01-012023-12-3101353728ns10:OrdinaryShareClass12023-01-012023-12-3101353728ns10:Director22023-01-012023-12-3101353728ns10:Director32023-01-012023-12-3101353728ns10:Director42023-01-012023-12-3101353728ns10:RegisteredOffice2023-01-012023-12-3101353728ns5:CurrentFinancialInstruments2023-12-3101353728ns5:CurrentFinancialInstruments2022-12-3101353728ns5:ShareCapital2023-12-3101353728ns5:ShareCapital2022-12-3101353728ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3101353728ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3101353728ns5:RetainedEarningsAccumulatedLosses2023-12-3101353728ns5:RetainedEarningsAccumulatedLosses2022-12-3101353728ns5:PlantMachinery2023-01-012023-12-3101353728ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-12-3101353728ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-12-3101353728ns10:OrdinaryShareClass12023-12-3101353728ns10:Director332022-12-3101353728ns10:Director332021-12-3101353728ns10:Director332023-01-012023-12-3101353728ns10:Director332022-01-012022-12-3101353728ns10:Director332023-12-3101353728ns10:Director332022-12-31
REGISTERED NUMBER: 01353728 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

Clujeans Developments Ltd

Clujeans Developments Ltd (Registered number: 01353728)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Clujeans Developments Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs A M Shields
D R G Shields
C F G Shields
Ms S G Shields





REGISTERED OFFICE: Hall Farm
Melbourne Lane
Breedon on the Hill
Derby
Derbyshire
DE73 8AT





REGISTERED NUMBER: 01353728 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

Clujeans Developments Ltd (Registered number: 01353728)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 400,000 400,951

CURRENT ASSETS
Debtors 5 431,758 436,114
Cash at bank 1,619 2,516
433,377 438,630
CREDITORS
Amounts falling due within one year 21,367 20,599
NET CURRENT ASSETS 412,010 418,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

812,010

818,982

PROVISIONS FOR LIABILITIES 28,263 28,263
NET ASSETS 783,747 790,719

CAPITAL AND RESERVES
Called up share capital 6 10,000 10,000
Fair value reserve 220,912 220,912
Retained earnings 552,835 559,807
SHAREHOLDERS' FUNDS 783,747 790,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 July 2024 and were signed on its behalf by:





D R G Shields - Director


Clujeans Developments Ltd (Registered number: 01353728)

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

1. STATUTORY INFORMATION

Clujeans Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 - 33% on cost, 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 10% on reducing balance

Property that is held for long-term rental yields or for capital appreciation or both is classified as an investment property. Investment property is measured initially at its cost, including related transaction costs. After initial recognition, investment property is carried at fair value. Fair value is based on active market prices, adjusted, if necessary, for any difference in the nature, location or condition of the specified asset. If this information is not available, the company uses alternative valuation methods such as recent prices on less active markets or discounted cash flow projections.

In accordance with Financial Reporting Standard 102 (FRS 102), investment properties are revalued and the surplus or deficit is transferred to the profit and loss account, and no depreciation is provided in respect of investment properties. The requirement of the Companies Act 2006 is to depreciate all properties, but that requirement conflicts with the generally accepted accounting principle set out in FRS 102.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Clujeans Developments Ltd (Registered number: 01353728)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2023 428,222
Disposals (12,882 )
At 31 December 2023 415,340
DEPRECIATION
At 1 January 2023 27,271
Eliminated on disposal (11,931 )
At 31 December 2023 15,340
NET BOOK VALUE
At 31 December 2023 400,000
At 31 December 2022 400,951

Cost or valuation at 31 December 2023 is represented by:

Totals
£   
Valuation in 2023 249,175
Cost 166,165
415,340

If freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 150,825 150,825
Aggregate depreciation 37,713 37,713

Freehold property was valued on a fair value basis basis on 31 December 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other debtors 50,236 43,007

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000

Clujeans Developments Ltd (Registered number: 01353728)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
C F G Shields
Balance outstanding at start of year 135,608 79,061
Amounts advanced 21,418 56,547
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 157,026 135,608