Company Registration No. 12033385 (England and Wales)
CEDRO DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024
31 January 2024
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
CEDRO DEVELOPMENTS LIMITED
COMPANY INFORMATION
Director
Mr M E Corban
Company number
12033385
Registered office
8 Parkes Way
Blackburn
Lancashire
BB2 4FH
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
CEDRO DEVELOPMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CEDRO DEVELOPMENTS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,425
Investment property
4
166,008
167,433
Current assets
Debtors
5
29,393
Cash at bank and in hand
3,912
100
33,305
100
Creditors: amounts falling due within one year
6
(2,033)
Net current assets
31,272
100
Net assets
198,705
100
Capital and reserves
Called up share capital
101
100
Share premium account
199,999
Profit and loss reserves
(1,395)
Total equity
198,705
100
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 September 2024 and are signed on its behalf by:
Mr M E Corban
Director
Company registration number 12033385 (England and Wales)
CEDRO DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information
CEDRO Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Parkes Way, Blackburn, Lancashire, BB2 4FH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents rents receivable which is recognised on a straight line basis over the term of leases in place.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
33% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Investment property
Investment property is initially recognised at cost and subsequently included at fair value. Gains on revaluation are recognised in the income statement. No depreciation is provided on investment property.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
CEDRO DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 February 2023
Additions
1,707
At 31 January 2024
1,707
Depreciation and impairment
At 1 February 2023
Depreciation charged in the year
282
At 31 January 2024
282
Carrying amount
At 31 January 2024
1,425
At 31 January 2023
4
Investment property
2024
£
Fair value
At 1 February 2023
Additions
166,008
At 31 January 2024
166,008
The investment property was valued on 31 January 2024 by the director.
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
29,285
Other debtors
108
29,393
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
2,033