Caseware UK (AP4) 2023.0.135 2023.0.135 false12023-05-01The principal activity of the company is that of developing building projects.1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10708314 2023-05-01 2024-04-30 10708314 2024-04-30 10708314 2022-05-01 2023-04-30 10708314 2023-04-30 10708314 c:Director1 2023-05-01 2024-04-30 10708314 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 10708314 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 10708314 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 10708314 d:CurrentFinancialInstruments 2024-04-30 10708314 d:CurrentFinancialInstruments 2023-04-30 10708314 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10708314 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10708314 d:ShareCapital 2024-04-30 10708314 d:ShareCapital 2023-04-30 10708314 d:RetainedEarningsAccumulatedLosses 2024-04-30 10708314 d:RetainedEarningsAccumulatedLosses 2023-04-30 10708314 c:FRS102 2023-05-01 2024-04-30 10708314 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10708314 c:FullAccounts 2023-05-01 2024-04-30 10708314 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10708314 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 10708314













Derby Developments Limited

Financial statements
Information for filing with the registrar

30 April 2024




 
Derby Developments Limited


Balance sheet
At 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,600,000
3,360,000

  
1,600,000
3,360,000

Current assets
  

Cash at bank and in hand
  
172,225
48,225

  
172,225
48,225

Creditors: amounts falling due within one year
 5 
(3,195,055)
(3,189,304)

Net current liabilities
  
 
 
(3,022,830)
 
 
(3,141,079)

Total assets less current liabilities
  
(1,422,830)
218,921

  

Net (liabilities)/assets
  
(1,422,830)
218,921


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,422,930)
218,821

Shareholders' (deficit)/funds
  
(1,422,830)
218,921


1

 
Derby Developments Limited

    
Balance sheet (continued)
At 30 April 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 January 2025.




A Easton
Director

Registered number: 10708314
The notes on pages 3 to 4 form part of these financial statements. 

2

 
Derby Developments Limited
 
 

Notes to the financial statements
Year ended 30 April 2024

1.


General information

Derby Developments Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is 21 Sullivan Road, Tonbridge, Kent, United Kingdom, TN10 4DD.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006. 

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the company had excess liabilities over assets. The director, having made due and careful enquiry, is of the opinion that the company, with their support, has adequate working capital to execute its operations over the next 12 months. The director, therefore, has made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result the director has continued to adopt the going concern basis of accounting in preparing the annual financial accounts.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023: 1). 

3

 
Derby Developments Limited
 
 

Notes to the financial statements
Year ended 30 April 2024

4.


Intangible assets




Participation rights

£



Cost


At 1 May 2023
3,360,000


Disposals
(1,760,000)



At 30 April 2024

1,600,000






Net book value



At 30 April 2024
1,600,000



At 30 April 2023
3,360,000




5.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
8,400
-

Corporation tax
-
2,499

Other creditors
3,181,655
3,181,655

Accruals and deferred income
5,000
5,150

3,195,055
3,189,304



6.


Related party transactions

During the year the company operated a loan with a director to record transactions with the company. The balance owed by the company at the year end was £3,181,655 (2023: £3,181,655). The loan is unsecured, interest free and repayable on demand.

 
4