Registered number: 00296730
THE CLEVELAND DWELLINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024
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THE CLEVELAND DWELLINGS LIMITED
REGISTERED NUMBER: 00296730
BALANCE SHEET
AS AT 31 MARCH 2024
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Creditors: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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Creditors: amounts falling due after more than one year
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Capital redemption reserve
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THE CLEVELAND DWELLINGS LIMITED
REGISTERED NUMBER: 00296730
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 5 form part of these financial statements.
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THE CLEVELAND DWELLINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
The company is a private company, limited by shares, incorporated in England and Wales and its registered office is:-
59 Southburn Terrace
Hartlepool
TS25 1SQ
2.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The director has reviewed the position carefully and due to the continued receipt of rental income, loan finance and support from the director, he considers that there are no material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern and therefore the financial statements have been prepared on a going concern basis.
Turnover comprises revenue received by the company in respect of rents receivable and is recognised in line with the rental period.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Investment property is carried at fair value. No depreciation is provided.
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The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
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THE CLEVELAND DWELLINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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CASH AND CASH EQUIVALENTS
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Other taxation and social security
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Accruals and deferred income
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The bank loans are secured on certain properties in freehold investment property.
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CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
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The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:
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THE CLEVELAND DWELLINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Allotted, called up and fully paid
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12,670 (2023 - 12,670) Ordinary shares of £1.00 each
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RELATED PARTY TRANSACTIONS
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At 31 March 2024, the company owed £137,006 (2023: £142,543) to Chelston Properties Limited, a company under common directorship.
At 31 March 2024 the amounts owed to the director are as follows:
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