0 0 Coxted Developments Limited 10840092 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is property development and investment Digita Accounts Production Advanced 6.30.9574.0 true 10840092 2023-07-01 2024-06-30 10840092 2024-06-30 10840092 core:RetainedEarningsAccumulatedLosses 2024-06-30 10840092 core:ShareCapital 2024-06-30 10840092 core:CurrentFinancialInstruments 2024-06-30 10840092 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 10840092 core:Non-currentFinancialInstruments 2024-06-30 10840092 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 10840092 bus:SmallEntities 2023-07-01 2024-06-30 10840092 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10840092 bus:FilletedAccounts 2023-07-01 2024-06-30 10840092 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10840092 bus:RegisteredOffice 2023-07-01 2024-06-30 10840092 bus:CompanySecretaryDirector1 2023-07-01 2024-06-30 10840092 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10840092 bus:Agent1 2023-07-01 2024-06-30 10840092 countries:UnitedKingdom 2023-07-01 2024-06-30 10840092 2023-06-30 10840092 2022-07-01 2023-06-30 10840092 2023-06-30 10840092 core:RetainedEarningsAccumulatedLosses 2023-06-30 10840092 core:ShareCapital 2023-06-30 10840092 core:CurrentFinancialInstruments 2023-06-30 10840092 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 10840092 core:Non-currentFinancialInstruments 2023-06-30 10840092 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 xbrli:pure iso4217:GBP

Registration number: 10840092

Coxted Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Coxted Developments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Coxted Developments Limited

Company Information

Director

Mr Balwinder Singh Bahra

Company secretary

Mr Balwinder Singh Bahra

Registered office

81 Westcombe Park Road
London
SE3 7QS

Accountants

BBK Accountants BMM Limited
Chartered Certified Accountants4A Roman Road
London
E6 3RX

 

Coxted Developments Limited

(Registration number: 10840092)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

463,328

470,992

Current assets

 

Debtors

5

274,903

280,347

Cash at bank and in hand

 

1

1,267

 

274,904

281,614

Creditors: Amounts falling due within one year

6

(171,548)

(179,627)

Net current assets

 

103,356

101,987

Total assets less current liabilities

 

566,684

572,979

Creditors: Amounts falling due after more than one year

6

(583,190)

(591,141)

Net liabilities

 

(16,506)

(18,162)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(16,507)

(18,163)

Shareholders' deficit

 

(16,506)

(18,162)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 March 2025
 

.........................................
Mr Balwinder Singh Bahra
Company secretary and director

 

Coxted Developments Limited

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

1

General information

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

The address of its registered office is:
81 Westcombe Park Road
London
SE3 7QS
United Kingdom

These financial statements were authorised for issue by the director on 18 March 2025.

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Revenue recognition

Turnover comprises the fair value of the 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 sales/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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers 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.

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.

 

Coxted Developments Limited

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

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 (including the director) during the year, was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 July

470,992

Disposals

(7,664)

At 30 June

463,328

There has been no valuation of investment property by an independent valuer.

 

Coxted Developments Limited

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

5

Debtors

Current

2024
£

2023
£

Other debtors

274,903

280,347

 

274,903

280,347

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,000

-

Trade creditors

 

990

-

Accruals and deferred income

 

990

990

Other creditors

 

159,568

178,637

 

171,548

179,627

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

583,190

591,141

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

285,447

50,000

Other borrowings

297,743

541,141

583,190

591,141

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

-

8

Related party transactions

The company has made an investment of £274903 to Mallett Developments Limited, a company of which the Director, B Bahra has a 100% controlling interest.