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Registered Number: 06964620
England and Wales

 

 

 

ST DAVID DEVELOPMENT LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 6,231    947 
Investments 4 61,341    81,318 
67,572    82,265 
Current assets      
Debtors: amounts falling due within one year 379,125    345,299 
Cash at bank and in hand 12,739    3,093 
391,864    348,392 
Creditors: amount falling due within one year (499,309)   (380,785)
Net current assets (107,445)   (32,393)
 
Total assets less current liabilities (39,873)   49,872 
Creditors: amount falling due after more than one year (96,834)   (100,844)
Provisions for liabilities (1,134)   (954)
Net assets (137,841)   (51,926)
 

Capital and reserves
     
Called up share capital 5 10    10 
Profit and loss account (137,851)   (51,936)
Shareholders' funds (137,841)   (51,926)
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 17 September 2024 and were signed on its behalf by:


-------------------------------
Dan Wainwright
Director
1
General Information
St David Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 06964620, registration address Suite 4, 3rd Floor, Refuge House, Watergate Row South, Chester, Cheshire, CH1 2LE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 5 Reducing Balance
Fixtures and Fittings 5 Reducing Balance
Computer Equipment 3 Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 8 (2022 : 9).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 January 2023   856    146    1,002 
Additions 735    2,584    3,754    7,073 
Disposals      
At 31 December 2023 735    3,440    3,900    8,075 
Depreciation
At 01 January 2023     55    55 
Charge for year 206    931    652    1,789 
On disposals      
At 31 December 2023 206    931    707    1,844 
Net book values
Closing balance as at 31 December 2023 529    2,509    3,193    6,231 
Opening balance as at 01 January 2023   856    91    947 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2023 81,318    81,318 
Additions (19,977)   (19,977)
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 61,341    61,341 

5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
10 Class A shares of £1.00 each 10    10 
10    10 

2