Registered number
08276456
Tyneside Developments Limited
Filleted Accounts
31 December 2023
Tyneside Developments Limited
Registered number: 08276456
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 981 -
Current assets
Stocks 280,100 117,360
Debtors 4 317,631 573,969
Cash at bank and in hand 77,635 52,975
675,366 744,304
Creditors: amounts falling due within one year 5 (675,347) (326,935)
Net current assets 19 417,369
Net assets 1,000 417,369
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account - 416,369
Shareholder's funds 1,000 417,369
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R W Kalbraier
Director
Approved by the board on 12 November 2024
Tyneside Developments Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
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
Turnover represents development work and services net of VAT. Turnover is recognised either on completion, or when appropriate, where there is a right to consideration based on contract performance.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Work in progress
Work in progress is measured at the lower of cost and net realisable value.
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,100
At 31 December 2023 1,100
Depreciation
Charge for the year 119
At 31 December 2023 119
Net book value
At 31 December 2023 981
4 Debtors 2023 2022
£ £
Trade debtors 123,303 -
Amounts owed by group undertakings 187,571 562,065
Other debtors 6,757 11,904
317,631 573,969
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 608,170 188,109
Taxation and social security costs 67,139 27,756
Other creditors 38 111,070
675,347 326,935
6 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 52,800 66,000
7 Controlling party
The company's ultimate parent undertaking is Tyneside Group Limited, a company incorporated in England and Wales. The registered office of Tyneside Group Limited is is Blue House Great North Road, Jesmond, Newcastle upon Tyne, NE2 3NH.

Tyneside Group Limited is the smallest and largest company for which consolidated financial statements including Tyneside Developments Limited are prepared.
8 Other information
Tyneside Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Blue House
Great North Road
Jesmond
Newcastle upon Tyne
NE2 3NH
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