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REGISTERED NUMBER: 12520481 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

EDGELEY DEVELOPMENTS LTD

EDGELEY DEVELOPMENTS LTD (REGISTERED NUMBER: 12520481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDGELEY DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs T A Brett
Mr J A Brett





REGISTERED OFFICE: 25 Tait Road
Croydon
Surrey
CR0 2DP





REGISTERED NUMBER: 12520481 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

EDGELEY DEVELOPMENTS LTD (REGISTERED NUMBER: 12520481)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,796,780 1,537,482

CURRENT ASSETS
Debtors 5 79,297 102,890
Cash at bank 60,778 6,419
140,075 109,309
CREDITORS
Amounts falling due within one
year

6

1,742,462

1,706,383
NET CURRENT LIABILITIES (1,602,387 ) (1,597,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,393

(59,592

)

CREDITORS
Amounts falling due after more
than one year

7

(165,980

)

-

PROVISIONS FOR LIABILITIES (20,081 ) -
NET ASSETS/(LIABILITIES) 8,332 (59,592 )

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 60,242 -
Retained earnings (51,912 ) (59,594 )
8,332 (59,592 )

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

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

EDGELEY DEVELOPMENTS LTD (REGISTERED NUMBER: 12520481)

BALANCE SHEET - continued
31ST 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 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 29th October 2024 and were signed on its behalf by:





Mr J A Brett - Director


EDGELEY DEVELOPMENTS LTD (REGISTERED NUMBER: 12520481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Edgeley 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis, on the assumption that the company will continue to trade for the foreseeable future, despite it having net current liabilities of £1,602,387 (2023: £1,597,074) as at the balance sheet date.

The directors consider the going concern basis to be appropriate as, in their opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due.

Turnover
Turnover represents rental income charged during the year.

Tangible fixed assets
Freehold property's fair value will be assessed at the end of each accounting period and adjusted accordingly.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Property
property improvements Totals
£    £    £   
COST OR VALUATION
At 1st April 2023 1,490,542 46,940 1,537,482
Additions 77,258 101,717 178,975
Revaluations 80,323 - 80,323
At 31st March 2024 1,648,123 148,657 1,796,780
NET BOOK VALUE
At 31st March 2024 1,648,123 148,657 1,796,780
At 31st March 2023 1,490,542 46,940 1,537,482

EDGELEY DEVELOPMENTS LTD (REGISTERED NUMBER: 12520481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st March 2024 is represented by:

Freehold Property
property improvements Totals
£    £    £   
Valuation in 2024 80,323 - 80,323
Cost 1,567,800 148,657 1,716,457
1,648,123 148,657 1,796,780

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,560 24,114
Other debtors - 437
Edgeley Construction Ltd 50,000 50,000
Prepayments and accrued income 27,737 28,339
79,297 102,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,027 -
Trade creditors 5,417 -
Corporation tax 94 -
Tenant deposits 4,290 -
Edgeley Group Ltd 926,641 931,441
Edgeley Properties Ltd 30,000 10,000
Directors' current accounts 764,993 764,942
1,742,462 1,706,383

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,027 -
Bank loans - 2-5 years 154,953 -
165,980 -

8. RELATED PARTY DISCLOSURES

The directors' current account balances of £764,993 (2023: £764,942) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.