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COMPANY REGISTRATION NUMBER: 13002386
Copperfield Land and Planning Ltd
Filleted Unaudited Financial Statements
31 March 2024
Copperfield Land and Planning Ltd
Statement of Financial Position
31 March 2024
31 Mar 24
30 Nov 22
Note
£
£
Fixed assets
Tangible assets
5
8,764
2,972
Current assets
Debtors
6
185,642
75,222
Cash at bank and in hand
50,053
101,855
---------
---------
235,695
177,077
Creditors: amounts falling due within one year
7
134,547
75,846
---------
---------
Net current assets
101,148
101,231
---------
---------
Total assets less current liabilities
109,912
104,203
Provisions
2,191
743
---------
---------
Net assets
107,721
103,460
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
107,719
103,458
---------
---------
Shareholders funds
107,721
103,460
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Copperfield Land and Planning Ltd
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 25 September 2024 , and are signed on behalf of the board by:
Mr C Danks
Mr A Tildesley
Director
Director
Company registration number: 13002386
Copperfield Land and Planning Ltd
Notes to the Financial Statements
Period from 1 December 2022 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 61 Macrae Road, Ham Green, Bristol, BS20 0DD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25 % reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 3 (2022: 3 ).
5. Tangible assets
Equipment
£
Cost
At 1 December 2022
4,955
Additions
8,713
--------
At 31 March 2024
13,668
--------
Depreciation
At 1 December 2022
1,983
Charge for the period
2,921
--------
At 31 March 2024
4,904
--------
Carrying amount
At 31 March 2024
8,764
--------
At 30 November 2022
2,972
--------
6. Debtors
31 Mar 24
30 Nov 22
£
£
Trade debtors
61,051
70,236
Amounts owed by group undertakings and undertakings in which the company has a participating interest
118,860
Other debtors
5,731
4,986
---------
--------
185,642
75,222
---------
--------
7. Creditors: amounts falling due within one year
31 Mar 24
30 Nov 22
£
£
Trade creditors
648
678
Amounts owed to group undertakings and undertakings in which the company has a participating interest
66,905
Corporation tax
57,408
54,818
Social security and other taxes
4,962
17,069
Other creditors
4,624
3,281
---------
--------
134,547
75,846
---------
--------
8. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
31 Mar 24
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr C Danks
385
385
Mr A Tildesley
1,963
360
2,323
-------
----
-------
1,963
745
2,708
-------
----
-------
30 Nov 22
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr C Danks
Mr A Tildesley
1,963
1,963
----
-------
-------
1,963
1,963
----
-------
-------
9. Related party transactions
The amount advanced to the directors during the year was £2,708 (2022 £1,963). These advances are interest free and repayable on demand.