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REGISTERED NUMBER: 13221163 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

AU Developments Limited

AU Developments Limited (Registered number: 13221163)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AU Developments Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr D J Adamson
Mr M J Upson





REGISTERED OFFICE: 38 Burnmoor Drive
Eaglescliffe
Stockton On Tees
TS16 0HZ





REGISTERED NUMBER: 13221163 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

AU Developments Limited (Registered number: 13221163)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 248,517 266,968

CURRENT ASSETS
Cash at bank 115,874 131,770

CREDITORS
Amounts falling due within one year 5 19,615 62,824
NET CURRENT ASSETS 96,259 68,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,776

335,914

CREDITORS
Amounts falling due after more than one
year

6

346,745

345,651
NET LIABILITIES (1,969 ) (9,737 )

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (2,269 ) (10,037 )
(1,969 ) (9,737 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

AU Developments Limited (Registered number: 13221163)

Balance Sheet - continued
29 February 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 27 November 2024 and were signed on its behalf by:




Mr D J Adamson - Director



Mr M J Upson - Director


AU Developments Limited (Registered number: 13221163)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

AU 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

3. EMPLOYEES AND DIRECTORS

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

AU Developments Limited (Registered number: 13221163)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 266,968
Additions 139,654
Disposals (158,105 )
At 29 February 2024 248,517
NET BOOK VALUE
At 29 February 2024 248,517
At 28 February 2023 266,968

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors (1 ) -
Other creditors 19,616 62,824
19,615 62,824

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 346,745 345,651

7. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Other loans 186,745 180,651

Landbay Partners Limited hold a fixed and floating charge dated 26th November 2021 over a property owned by the company.

Paratus AMC Limited hold a fixed and floating charge dated 16th November 2022 over a property owned by the company.

Aldermore Bank PLC hold a fixed and floating charge dated 2nd February 2024 over a property owned by the company.

8. RELATED PARTY DISCLOSURES

As at 29th February 2024 the company owed its directors £118,995 (2023: £162,344).

As at 29th February 2024 the company owed a non-director shareholder £60,000 (2023: £65,000).

9. ULTIMATE CONTROLLING PARTY

The company is under the control of D J Adamson by virtue of his majority shareholding.