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REGISTERED NUMBER: 02093041 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Collingdon Developments Ltd

Collingdon Developments Ltd (Registered number: 02093041)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Collingdon Developments Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D A Foggin
M D Foggin





REGISTERED OFFICE: Suite 6, Spencer House
Market Lane
Swalwell
Tyne and Wear
NE16 3DS





REGISTERED NUMBER: 02093041 (England and Wales)





ACCOUNTANTS: Milner Smeaton
Chartered Accountants and Chartered Tax Advisers
Viking House
Falcon Court
Preston Farm
Stockton-on-Tees
TS18 3TS

Collingdon Developments Ltd (Registered number: 02093041)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,803 12,258
Investment property 5 1,288,099 1,288,099
1,297,902 1,300,357

CURRENT ASSETS
Cash at bank 2,445 2,379

CREDITORS
Amounts falling due within one year 6 279,290 279,887
NET CURRENT LIABILITIES (276,845 ) (277,508 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,021,057

1,022,849

CREDITORS
Amounts falling due after more than one year 7 107,932 113,297
NET ASSETS 913,125 909,552

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 913,025 909,452
SHAREHOLDERS' FUNDS 913,125 909,552

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

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

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 30 January 2025 and were signed on its behalf by:





D A Foggin - Director


Collingdon Developments Ltd (Registered number: 02093041)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Collingdon Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Investment property
Investment properties are shown at their open market value. Any surplus or deficit arising from revaluation is transferred to the revaluation reserve unless a deficit, or it's reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This in the accordance with the Financial Reporting Standard for Smaller Entities (effective January 2016) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

Collingdon Developments Ltd (Registered number: 02093041)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 13,929
DEPRECIATION
At 1 May 2023 1,671
Charge for year 2,455
At 30 April 2024 4,126
NET BOOK VALUE
At 30 April 2024 9,803
At 30 April 2023 12,258

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 13,131
DEPRECIATION
At 1 May 2023 914
Charge for year 2,444
At 30 April 2024 3,358
NET BOOK VALUE
At 30 April 2024 9,773
At 30 April 2023 12,217

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,288,099
NET BOOK VALUE
At 30 April 2024 1,288,099
At 30 April 2023 1,288,099

The investment properties are stated at cost.

Collingdon Developments Ltd (Registered number: 02093041)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 4,300 3,900
Hire purchase contracts 1,839 1,658
Other creditors 273,151 274,329
279,290 279,887

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 101,559 105,085
Hire purchase contracts 6,373 8,212
107,932 113,297

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 8,212 9,870
Bank loan 105,859 108,985
114,071 118,855

The bank borrowings are secured by a fixed and floating charge over the companies assets.