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REGISTERED NUMBER: 03490556 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Courtney Developments Limited

Courtney Developments Limited (Registered number: 03490556)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Courtney Developments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs L Stephens
A P Stephens





SECRETARY: A P Stephens





REGISTERED OFFICE: Vine House
Frog Lane Shroton Iwerne Minster
Blandford
Dorset
DT11 8QL





REGISTERED NUMBER: 03490556 (England and Wales)





ACCOUNTANTS: Stephen Cook
5 Bella View Gardens
Glastonbury
Somerset
BA6 9HQ

Courtney Developments Limited (Registered number: 03490556)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,479 129,267

CURRENT ASSETS
Stocks 5 1,067,870 771,404
Debtors 6 6,697 28,296
Cash at bank 313,426 785,096
1,387,993 1,584,796
CREDITORS
Amounts falling due within one year 7 301,452 64,430
NET CURRENT ASSETS 1,086,541 1,520,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,215,020

1,649,633

CREDITORS
Amounts falling due after more than
one year

8

(650,037

)

(1,051,000

)

PROVISIONS FOR LIABILITIES - (2,902 )
NET ASSETS 564,983 595,731

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 563,983 594,731
564,983 595,731

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Courtney Developments Limited (Registered number: 03490556)

Balance Sheet - continued
31 March 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





Mrs L Stephens - Director


Courtney Developments Limited (Registered number: 03490556)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Courtney Developments Limited 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Courtney Developments Limited (Registered number: 03490556)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 113,991 108,148 74,844 296,983
Additions - 4,041 - 4,041
Disposals - (45,558 ) - (45,558 )
At 31 March 2024 113,991 66,631 74,844 255,466
DEPRECIATION
At 1 April 2023 - 95,687 72,029 167,716
Charge for year - 4,126 703 4,829
Eliminated on disposal - (45,558 ) - (45,558 )
At 31 March 2024 - 54,255 72,732 126,987
NET BOOK VALUE
At 31 March 2024 113,991 12,376 2,112 128,479
At 31 March 2023 113,991 12,461 2,815 129,267

5. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 1,067,870 771,404

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 692
Tax 5,111 5,111
VAT 327 20,396
Prepayments 1,259 2,097
6,697 28,296

Courtney Developments Limited (Registered number: 03490556)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Payments on account 300,000 -
Trade creditors 409 63,367
Social security and other taxes 36 56
Accrued expenses 1,007 1,007
301,452 64,430

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Other loans 551,000 651,000
Directors' loan accounts 99,037 400,000
650,037 1,051,000