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REGISTERED NUMBER: 04140462 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 April 2024

for

St. Edmunds Developments Ltd

St. Edmunds Developments Ltd (Registered number: 04140462)






Contents of the Financial Statements
for the Year Ended 29 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


St. Edmunds Developments Ltd

Company Information
for the Year Ended 29 April 2024







DIRECTORS: D C J Smith
G Smith





SECRETARY: D C J Smith





REGISTERED OFFICE: 19 Tilehouse Road
Guildford
Surrey
GU4 8AP





REGISTERED NUMBER: 04140462 (England and Wales)





ACCOUNTANTS: Accord Accountants
191-193 High Street
Hampton Hill
Middlesex
TW12 1NL

St. Edmunds Developments Ltd (Registered number: 04140462)

Balance Sheet
29 April 2024

29.4.24 29.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,002,918 1,294,951
Investments 5 28,398 43,048
2,031,316 1,337,999

CURRENT ASSETS
Stocks 1,081,353 1,050,186
Debtors 6 21,618 38,100
Cash at bank 380 77,136
1,103,351 1,165,422
CREDITORS
Amounts falling due within one year 7 1,631,090 1,725,736
NET CURRENT LIABILITIES (527,739 ) (560,314 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,503,577

777,685

CREDITORS
Amounts falling due after more than one
year

8

2,076,029

1,105,750
NET LIABILITIES (572,452 ) (328,065 )

CAPITAL AND RESERVES
Called up share capital 11 11
Share premium 109,812 109,812
Retained earnings (682,275 ) (437,888 )
(572,452 ) (328,065 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

St. Edmunds Developments Ltd (Registered number: 04140462)

Balance Sheet - continued
29 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 18 September 2024 and were signed on its behalf by:




G Smith - Director



D C J Smith - Director


St. Edmunds Developments Ltd (Registered number: 04140462)

Notes to the Financial Statements
for the Year Ended 29 April 2024

1. STATUTORY INFORMATION

St. Edmunds 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.

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 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

St. Edmunds Developments Ltd (Registered number: 04140462)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30 April 2023 1,070,000 305,255 1,375,255
Additions 375,000 337,966 712,966
At 29 April 2024 1,445,000 643,221 2,088,221
DEPRECIATION
At 30 April 2023 - 80,304 80,304
Charge for year - 4,999 4,999
At 29 April 2024 - 85,303 85,303
NET BOOK VALUE
At 29 April 2024 1,445,000 557,918 2,002,918
At 29 April 2023 1,070,000 224,951 1,294,951

5. FIXED ASSET INVESTMENTS
Other
loans
£   
At 30 April 2023 43,048
Repayment in year (14,650 )
At 29 April 2024 28,398

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Trade debtors 6,765 6,765
Other debtors 14,853 31,335
21,618 38,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Bank loans and overdrafts 5,333 -
Trade creditors 333 15,744
Taxation and social security - 7,399
Other creditors 1,625,424 1,702,593
1,631,090 1,725,736

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.4.24 29.4.23
£    £   
Bank loans 2,076,029 1,102,091
Hire purchase contracts - 3,659
2,076,029 1,105,750