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REGISTERED NUMBER: 05683243 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 December 2023

for

Combi Developments Limited

Combi Developments Limited (Registered number: 05683243)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Combi Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: T Ahmed





SECRETARY: Mrs N Perveen





REGISTERED OFFICE: 72 Beeches Drive
Erdington
West Midlands
B24 0DT





REGISTERED NUMBER: 05683243 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Combi Developments Limited (Registered number: 05683243)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,496 5,083
Investment property 5 550,000 550,000
554,496 555,083

CURRENT ASSETS
Stocks 763,266 763,266
Debtors 6 41,347 13,865
Cash at bank and in hand 66,925 126,613
871,538 903,744
CREDITORS
Amounts falling due within one year 7 518,364 553,275
NET CURRENT ASSETS 353,174 350,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

907,670

905,552

CREDITORS
Amounts falling due after more than one
year

8

(415,800

)

(415,800

)

PROVISIONS FOR LIABILITIES (10,416 ) (7,916 )
NET ASSETS 481,454 481,836

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 9 171,191 171,191
Retained earnings 310,063 310,445
SHAREHOLDERS' FUNDS 481,454 481,836

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 director acknowledges his 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.

Combi Developments Limited (Registered number: 05683243)

Balance Sheet - continued
31 December 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 director and authorised for issue on 30 July 2024 and were signed by:





T Ahmed - Director


Combi Developments Limited (Registered number: 05683243)

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

1. STATUTORY INFORMATION

Combi 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 as modified by the revaluation of certain assets.

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 - 10% on cost
Motor vehicles - 10% on cost
Computer equipment - 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 2 (2022 - 2 ) .

Combi Developments Limited (Registered number: 05683243)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 1,592 17,047 1,359 19,998
Additions - - 583 583
At 31 December 2023 1,592 17,047 1,942 20,581
DEPRECIATION
At 1 January 2023 1,592 12,683 640 14,915
Charge for year - 873 297 1,170
At 31 December 2023 1,592 13,556 937 16,085
NET BOOK VALUE
At 31 December 2023 - 3,491 1,005 4,496
At 31 December 2022 - 4,364 719 5,083

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 550,000
NET BOOK VALUE
At 31 December 2023 550,000
At 31 December 2022 550,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 550,000

Investment property was valued on an open market basis on 31 December 2021 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,123 12,991
Other debtors 224 874
41,347 13,865

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,075 37,527
Taxation and social security 3,406 5,000
Other creditors 501,883 510,748
518,364 553,275

Combi Developments Limited (Registered number: 05683243)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 415,800 415,800

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 171,191

10. RELATED PARTY DISCLOSURES

Amounts owed to the director at 31st December 2023 amounted to £500,127 (2022 £508,991).