IRIS Accounts Production v24.2.0.383 12073265 Board of Directors Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120732652023-04-30120732652024-04-30120732652023-05-012024-04-30120732652022-04-30120732652022-05-012023-04-30120732652023-04-3012073265ns15:EnglandWales2023-05-012024-04-3012073265ns14:PoundSterling2023-05-012024-04-3012073265ns10:Director12023-05-012024-04-3012073265ns10:Director22023-05-012024-04-3012073265ns10:Director32023-05-012024-04-3012073265ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3012073265ns10:SmallEntities2023-05-012024-04-3012073265ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3012073265ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3012073265ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3012073265ns10:FullAccounts2023-05-012024-04-3012073265ns10:RegisteredOffice2023-05-012024-04-3012073265ns5:CurrentFinancialInstruments2024-04-3012073265ns5:CurrentFinancialInstruments2023-04-3012073265ns5:ShareCapital2024-04-3012073265ns5:ShareCapital2023-04-3012073265ns5:RetainedEarningsAccumulatedLosses2024-04-3012073265ns5:RetainedEarningsAccumulatedLosses2023-04-30
REGISTERED NUMBER: 12073265 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

COVEDALE DEVELOPMENTS LIMITED

COVEDALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12073265)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COVEDALE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: K P Cattermole
J W Goddard
AC Harris





REGISTERED OFFICE: 10 Neale Street
Ipswich
Suffolk
IP1 3JB





REGISTERED NUMBER: 12073265 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

COVEDALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12073265)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4 569,643 569,643
Debtors 5 7,750 7,750
Cash at bank 3,094 918
580,487 578,311
CREDITORS
Amounts falling due within one year 6 579,448 579,232
NET CURRENT ASSETS/(LIABILITIES) 1,039 (921 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,039

(921

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 939 (1,021 )
1,039 (921 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

COVEDALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12073265)

BALANCE SHEET - continued
30 APRIL 2024


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 29 August 2024 and were signed on its behalf by:




AC Harris - Director J W Goddard - Director




K P Cattermole - Director


COVEDALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12073265)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Covedale 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. 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.

Turnover
Turnover includes the rent receivable from the letting by the company of its development properties. Rental income in recognised in the financial statements on the basis of that receivable in the accounting period.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The value of stock is represented by the value of land and property on hand for development at the accounting period end date. At each reporting date stock are assessed for impairment. If stock are impaired the carrying amount is reduced to its expected selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. STOCKS
2024 2023
£    £   
Work-in-progress 569,643 569,643

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 7,750 7,750

COVEDALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12073265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests 577,887 577,887
Directors' current accounts 109 25
Accrued expenses 1,452 1,320
579,448 579,232