Registered number
05143386
Courtwell Developments Limited
Unaudited Filleted Accounts
30 June 2024
Courtwell Developments Limited
Registered number: 05143386
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 260,000 260,000
Current assets
Debtors 4 8,855 9,873
Cash at bank and in hand 45,521 18,471
54,376 28,344
Creditors: amounts falling due within one year 5 (215,112) (210,574)
Net current liabilities (160,736) (182,230)
Net assets 99,264 77,770
Capital and reserves
Called up share capital 2 2
Profit and loss account 99,262 77,768
Shareholders' funds 99,264 77,770
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J S Bee
Director
Approved by the board on 9 October 2024
Courtwell Developments Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Investment property is included at fair value. Gains are recognised in the Profit and loss account. Deferred taxation is provided on these gains at rates expected to apply when the property is sold.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 260,000
At 30 June 2024 260,000
Depreciation
At 30 June 2024 -
Fair value
At 30 June 2024 260,000
At 30 June 2023 260,000
Investment property was valued by the directors at 30 June 2023 and 30 June 2024 but there was no adjustment to the fair value which currently equates to cost .
4 Debtors 2024 2023
£ £
Trade debtors 8,393 5,219
Other debtors 462 4,654
8,855 9,873
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 318 319
Amounts owed to group undertakings and undertakings in which the company has a participating interest 116,416 71,416
Taxation and social security costs 1,286 1,285
Other creditors 97,092 137,554
215,112 210,574
6 Controlling party
The ultimate parent company is Blackheath Asset Management Limited which is registered in England.
7 Other information
Courtwell Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Estate Office
Eridge Park
Tunbridge Wells
Kent
TN3 9JT
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