2023-02-012024-01-312024-01-31false09977223CDL PROPERTY DEVELOPMENTS 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CDL PROPERTY DEVELOPMENTS LIMITED

Registered Number
09977223
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

CDL PROPERTY DEVELOPMENTS LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

BONE, Scott

Company Secretary

BONE, Scott

Registered Address

Unit 5 Ninth Avenue East
Team Valley Trading Estate
Gateshead
NE11 0EJ

Registered Number

09977223 (England and Wales)
CDL PROPERTY DEVELOPMENTS LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets345,69135,791
45,69135,791
Current assets
Debtors4157,969138,840
Current asset investments55252
Cash at bank and on hand118,896305,518
276,917444,410
Creditors amounts falling due within one year6(10,903)(32,820)
Net current assets (liabilities)266,014411,590
Total assets less current liabilities311,705447,381
Creditors amounts falling due after one year7(26,668)(36,668)
Net assets285,037410,713
Capital and reserves
Called up share capital11
Profit and loss account285,036410,712
Shareholders' funds285,037410,713
The financial statements were approved and authorised for issue by the Director on 29 October 2024, and are signed on its behalf by:
BONE, Scott
Director
Registered Company No. 09977223
CDL PROPERTY DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings5
Vehicles5
Office Equipment5
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Total

££££
Cost or valuation
At 01 February 2315,94141,6675,53963,147
Additions-4,24619,65623,902
At 31 January 2415,94145,91325,19587,049
Depreciation and impairment
At 01 February 23-24,9992,35727,356
Charge for year-4,8209,18214,002
At 31 January 24-29,81911,53941,358
Net book value
At 31 January 2415,94116,09413,65645,691
At 31 January 2315,94116,6683,18235,791
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables8,1006,300
Amounts owed by associates and joint ventures / participating interests31,50913,509
Other debtors114,701113,021
Prepayments and accrued income3,6596,010
Total157,969138,840
5.Current asset investments
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,0498,924
Taxation and social security70622,922
Other creditors498498
Accrued liabilities and deferred income650476
Total10,90332,820
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts26,66836,668
Total26,66836,668
8.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.