Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01false1trueNo description of principal activity1false 08145697 2023-04-01 2024-03-31 08145697 2022-04-01 2023-03-31 08145697 2024-03-31 08145697 2023-03-31 08145697 c:Director2 2023-04-01 2024-03-31 08145697 d:CurrentFinancialInstruments 2024-03-31 08145697 d:CurrentFinancialInstruments 2023-03-31 08145697 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08145697 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08145697 d:ShareCapital 2024-03-31 08145697 d:ShareCapital 2023-03-31 08145697 d:RetainedEarningsAccumulatedLosses 2024-03-31 08145697 d:RetainedEarningsAccumulatedLosses 2023-03-31 08145697 c:FRS102 2023-04-01 2024-03-31 08145697 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08145697 c:FullAccounts 2023-04-01 2024-03-31 08145697 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08145697 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 08145697













Cressbrook Developments Ltd

Financial statements
Information for filing with the registrar

31 March 2024




 
Cressbrook Developments Ltd


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,016,718
2,606,634

Cash at bank and in hand
  
10,089
79,341

  
3,026,807
2,685,975

Creditors: amounts falling due within one year
 5 
(4,776,512)
(4,498,365)

Net current liabilities
  
 
 
(1,749,705)
 
 
(1,812,390)

Total assets less current liabilities
  
(1,749,705)
(1,812,390)

  

Net liabilities
  
(1,749,705)
(1,812,390)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,749,805)
(1,812,490)

Shareholders' deficit
  
(1,749,705)
(1,812,390)


1

 
Cressbrook Developments Ltd

    
Balance sheet (continued)
At 31 March 2024

The directors consider 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 directors acknowledge their 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 20 February 2025.




Womble Bond Dickinson (Trust Corporation) Limited
Director

Registered number: 08145697
The notes on pages 3 to 4 form part of these financial statements. 

2

 
Cressbrook Developments Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The registered office is The Spark, Draymans Way, Newcastle upon Tyne, NE4 5DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland 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. Having made due and careful enquiry the directors are of the opinion that the company, with the support of its shareholders, has adequate working capital to execute its operations over the next 12 months and continue in operational existence for the foreseeable future. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

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


4.


Debtors

2024
2023
£
£


Amounts owed by related parties
3,013,517
2,603,715

Other debtors
3,201
2,919

3,016,718
2,606,634


3

 
Cressbrook Developments Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

5.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
1,741
-

Amounts owed to related parties
283,548
-

Other creditors (incl directors loans)
4,487,023
4,498,365

Accruals
4,200
-

4,776,512
4,498,365



6.


Related party transactions

During the year, the company used a loan account to record amounts due to and from the directors. At the year end, the balance owed by the company to the directors was £4,487,023 (2023 - £4,498,365). This loan is unsecured, interest free and no fixed terms of repayment have been agreed.
During the year, the company used a loan account to record amounts due to and (from) associated companies. At the year end, the following balances were owed to/(from) the company. The loans are unsecured, and no fixed terms of repayment have been agreed. The loans are interest free with the exception of the loan to Bowers & Norman Ltd.

2024
2023
£
£



JF Bowers Family Investments Ltd
283,548
(186,970)

Bowers & Norman Ltd
(2,407,944)
(1,895,179)

James Bowers Education Ltd
(199,998)
(180,798)

Common Fiction Ltd
(405,575)
(340,768)

(2,729,969)
(2,603,715)

 
4