0 0 Coney Green Developments (Clay Cross) Limited 06022839 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 06022839 2023-07-01 2024-06-30 06022839 2024-06-30 06022839 core:CapitalRedemptionReserve 2024-06-30 06022839 core:RetainedEarningsAccumulatedLosses 2024-06-30 06022839 core:ShareCapital 2024-06-30 06022839 core:SharePremium 2024-06-30 06022839 core:CurrentFinancialInstruments 2024-06-30 06022839 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 06022839 core:LandBuildings 2024-06-30 06022839 bus:SmallEntities 2023-07-01 2024-06-30 06022839 bus:Audited 2023-07-01 2024-06-30 06022839 bus:FilletedAccounts 2023-07-01 2024-06-30 06022839 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06022839 bus:RegisteredOffice 2023-07-01 2024-06-30 06022839 bus:Director1 2023-07-01 2024-06-30 06022839 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06022839 core:LandBuildings 2023-07-01 2024-06-30 06022839 1 2023-07-01 2024-06-30 06022839 countries:AllCountries 2023-07-01 2024-06-30 06022839 countries:England 2023-07-01 2024-06-30 06022839 2023-06-30 06022839 core:LandBuildings 2023-06-30 06022839 2022-07-01 2023-06-30 06022839 2023-06-30 06022839 core:CapitalRedemptionReserve 2023-06-30 06022839 core:RetainedEarningsAccumulatedLosses 2023-06-30 06022839 core:ShareCapital 2023-06-30 06022839 core:SharePremium 2023-06-30 06022839 core:CurrentFinancialInstruments 2023-06-30 06022839 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 06022839 core:LandBuildings 2023-06-30 xbrli:pure iso4217:GBP

Registration number: 06022839

Coney Green Developments (Clay Cross) Limited

Filleted Financial Statements

for the Year Ended 30 June 2024

 

Coney Green Developments (Clay Cross) Limited

(Registration number: 06022839)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

69,120

70,656

Investment property

5

2,450,000

1,675,000

 

2,519,120

1,745,656

Current assets

 

Stocks

6

3,771,580

3,484,677

Debtors

7

1,084,748

175,524

Cash at bank and in hand

 

300,588

205,290

 

5,156,916

3,865,491

Creditors: Amounts falling due within one year

8

(5,677,405)

(4,685,936)

Net current liabilities

 

(520,489)

(820,445)

Net assets

 

1,998,631

925,211

Capital and reserves

 

Called up share capital

9

1

1

Share premium reserve

98

98

Capital redemption reserve

1

1

Retained earnings

1,998,531

925,111

Shareholders' funds

 

1,998,631

925,211


These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 March 2025 and signed on its behalf by:
 


Mr D R Roe
Director

   
 

Coney Green Developments (Clay Cross) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 6a Church View
Clay Cross
Chesterfield
Derbyshire
S45 9HA

Registration number: 06022839

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 7 March 2025 was Robert Smith BSc FCA, who signed for and on behalf of RNS Chartered Accountants.

Revenue recognition

Turnover is recognised at the legal completion of the building in respect of the total proceeds. Turnover is measured at the fair value of consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when; the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Coney Green Developments (Clay Cross) Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers or the Directors. They use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Stocks

Work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the work in progress to their present location and condition. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss account.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

 

Coney Green Developments (Clay Cross) Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost

At 1 July 2023

76,800

76,800

At 30 June 2024

76,800

76,800

Depreciation

At 1 July 2023

6,144

6,144

Charge for the year

1,536

1,536

At 30 June 2024

7,680

7,680

Carrying amount

At 30 June 2024

69,120

69,120

At 30 June 2023

70,656

70,656

5

Investment properties

2024
£

At 1 July

1,675,000

Transfers from Stocks

775,000

At 30 June

2,450,000

Investment properties were constructed by the company and transferred to fixed assets at an open market value at that time. A valuation was carried out by FHP Property Consultants for the property transferred from stock in the current year. The directors do not believe there has been a change in the property values since the date of the relevant professional valuations.

6

Stocks

2024
£

2023
£

Work in progress

3,771,580

3,484,677

 

Coney Green Developments (Clay Cross) Limited

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

7

Debtors

2024
£

2023
£

Trade debtors

915,476

4,200

Prepayments

4,823

3,393

Other debtors

164,449

167,931

 

1,084,748

175,524

8

Creditors

2024
£

2023
£

Due within one year

Trade creditors

29

449

Amounts due to related parties

5,239,118

3,830,229

Social security and other taxes

336,799

80,627

Other creditors

101,459

774,631

5,677,405

4,685,936

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 each

100

1

100

1

       

10

Parent and ultimate parent undertaking

The company's immediate and ultimate parent is Roe Developments Holdings Limited, a company incorporated in the UK.

 

The parent of the largest group in which these financial statements are consolidated is Roe Developments Holdings Limited, incorporated in UK.

The address of Roe Developments Holdings Limited is:
Unit 6a
Church view
Coney Green Road
Clay Cross
Chesterfield
S45 9HA