Cedar Bloom Homes LTD |
Notes to the Accounts |
for the year ended 31 March 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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. |
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Tangible fixed assets |
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The company owns an investment property that is held to generate rental income. The investment property is initially recognized at cost, which includes the purchase price and directly attributable costs. Subsequently, it is measured at fair value at each reporting date. Changes in the fair value are recognized in the profit and loss account. No depreciation is charged on the investment property. |
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Investment Property |
Not depreciated |
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Creditors |
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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. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Tangible fixed assets |
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Land and buildings |
£ |
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Cost |
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At 1 April 2023 |
166,371 |
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At 31 March 2024 |
166,371 |
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Depreciation |
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At 31 March 2024 |
- |
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Net book value |
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At 31 March 2024 |
166,371 |
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At 31 March 2023 |
166,371 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Called-up share capital not paid |
100 |
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100 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
11,001 |
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1,000 |
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Taxation and social security costs |
1,149 |
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1,149 |
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Other creditors |
173,285 |
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172,974 |
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185,435 |
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175,123 |
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6 |
Other information |
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Cedar Bloom Homes LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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Building 2, Office 28 The Forum |
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Tamtameside Business Park, Windmill Lane Denton |
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Manchester |
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England |
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M34 3QS |