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REGISTERED NUMBER: 07689197 (England and Wales)







Financial Statements

for the Period 1st August 2022 to 31st January 2024

for

Cardwell Hill Developments Ltd

Cardwell Hill Developments Ltd (Registered number: 07689197)






Contents of the Financial Statements
for the Period 1st August 2022 to 31st January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Cardwell Hill Developments Ltd

Company Information
for the Period 1st August 2022 to 31st January 2024







DIRECTORS: R M Hill
B Cardwell





REGISTERED OFFICE: Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU





REGISTERED NUMBER: 07689197 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Cardwell Hill Developments Ltd (Registered number: 07689197)

Abridged Balance Sheet
31st January 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,432 26,654

CURRENT ASSETS
Stocks - 504,048
Debtors 241,233 34,611
Cash at bank 78 9,652
241,311 548,311
CREDITORS
Amounts falling due within one year 14,105 283,536
NET CURRENT ASSETS 227,206 264,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,638

291,429

PROVISIONS FOR LIABILITIES - 5,064
NET ASSETS 228,638 286,365

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 228,636 286,363
SHAREHOLDERS' FUNDS 228,638 286,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th October 2024 and were signed on its behalf by:





R M Hill - Director


Cardwell Hill Developments Ltd (Registered number: 07689197)

Notes to the Financial Statements
for the Period 1st August 2022 to 31st January 2024

1. STATUTORY INFORMATION

Cardwell Hill 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 recognised when control is transferred to the customer, which is deemed to be when title of the property passes to the customer on legal completion.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

STOCKS
Stock of buildings under construction is initially measured at cost and then subsequently held at the lower of this initial amount and net realisable value. Costs comprises cost of acquiring land and property (including associated legal fees), direct construction materials, direct labour and those overheads that have been incurred in bringing stock of buildings under construction to their present condition. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing and selling.

Non-refundable land option payments are initially recognised in stock. They are reviewed regularly and written off when it is probable that the option will not be recognised.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

Cardwell Hill Developments Ltd (Registered number: 07689197)

Notes to the Financial Statements - continued
for the Period 1st August 2022 to 31st January 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2022 64,224
Disposals (48,358 )
At 31st January 2024 15,866
DEPRECIATION
At 1st August 2022 37,570
Charge for period 3,198
Eliminated on disposal (26,334 )
At 31st January 2024 14,434
NET BOOK VALUE
At 31st January 2024 1,432
At 31st July 2022 26,654

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£    £   
Hire purchase contracts - 1,535

Bank loans are secured by way of fixed and floating charges over all trade and assets of the company.

Hire purchase loans are secured by way of charges over the tangible fixed assets to which they relate.

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31st January 2024 and the year ended 31st July 2022:

2024 2022
£    £   
R M Hill
Balance outstanding at start of period 13,638 16,974
Amounts advanced 53,593 13,638
Amounts repaid (35,000 ) (16,974 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 32,231 13,638

The balance will be repaid by 31 October 2024.