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REGISTERED NUMBER: 05215745 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

COVENTRY DEVELOPMENTS
LIMITED

COVENTRY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 05215745)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COVENTRY DEVELOPMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2024







DIRECTORS: P Langley
W Langley





SECRETARY: P Langley





REGISTERED OFFICE: 9 Besbury Close
Dorridge
Solihull
B93 8NT





REGISTERED NUMBER: 05215745 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

COVENTRY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 05215745)

BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 4,749 6,757
Investment property 4 454,091 454,091
458,840 460,848

CURRENT ASSETS
Cash at bank 71,032 49,355

CREDITORS
Amounts falling due within one year 5 95,596 62,908
NET CURRENT LIABILITIES (24,564 ) (13,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

434,276

447,295

CREDITORS
Amounts falling due after more than one
year

6

427,900

427,900
NET ASSETS 6,376 19,395

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 5,376 18,395
6,376 19,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

COVENTRY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 05215745)

BALANCE SHEET - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





P Langley - Director


COVENTRY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 05215745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024


1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

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.

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.

2. EMPLOYEES AND DIRECTORS

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

COVENTRY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 05215745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 31 March 2023
and 30 March 2024 13,385
DEPRECIATION
At 31 March 2023 6,628
Charge for year 2,008
At 30 March 2024 8,636
NET BOOK VALUE
At 30 March 2024 4,749
At 30 March 2023 6,757

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2023
and 30 March 2024 454,091
NET BOOK VALUE
At 30 March 2024 454,091
At 30 March 2023 454,091

The director's have considered the valuation of investment properties at 31 March 2022 and no changes to their value are considered necessary.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,521 2,335
Other creditors 91,075 60,573
95,596 62,908

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 329,000 329,000
Other creditors 98,900 98,900
427,900 427,900

COVENTRY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 05215745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 329,000 329,000

Paragon Bank PLC and Paragon Mortgages (2010) Ltd hold a floating charge, dated 15 April 2020, over the property or undertaking of the company.