Registration number:
Cassidy Group (Allesley) Ltd
for the Year Ended 30 June 2024
Cassidy Group (Allesley) Ltd
Contents
Company Information |
|
Director's Report |
|
Accountants' Report |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Cassidy Group (Allesley) Ltd
Company Information
Director |
Mr James Patrick Francis Slattery Cassidy |
Registered office |
|
Accountants |
|
Cassidy Group (Allesley) Ltd
Director's Report for the Year Ended 30 June 2024
The director presents his report and the financial statements for the year ended 30 June 2024.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is that of property development.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Mr James Patrick Francis Slattery Cassidy
Director
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Cassidy Group (Allesley) Ltd
for the Year Ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cassidy Group (Allesley) Ltd for the year ended 30 June 2024 as set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Cassidy Group (Allesley) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cassidy Group (Allesley) Ltd and state those matters that we have agreed to state to the Board of Directors of Cassidy Group (Allesley) Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cassidy Group (Allesley) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cassidy Group (Allesley) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Cassidy Group (Allesley) Ltd. You consider that Cassidy Group (Allesley) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Cassidy Group (Allesley) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ
Cassidy Group (Allesley) Ltd
(Registration number: 12180016)
Balance Sheet as at 30 June 2024
Note |
2024 |
2023 |
|
Current assets |
|||
Stocks |
|
|
|
Debtors |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
100 |
100 |
|
Shareholders' funds |
100 |
100 |
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 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Cassidy Group (Allesley) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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.
Financial instruments
Staff numbers |
The average number of persons employed by the company during the year, was
Cassidy Group (Allesley) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Stocks |
2024 |
2023 |
|
Work in progress |
|
|
Debtors |
2024 |
2023 |
|
Other debtors |
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
|
Due within one year |
|||
Other creditors |
|
|
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
Ordinary shares of £1 each |
100 |
100 |
100 |
100 |
Financial commitments, guarantees and contingencies |
James Arthur Sephton and Alison Sephton reigstered a charge on 15 October 2019 for land adjoining Cornerways Cottage, Washbrook Lane, Allesley, Coventry, CV5 9DL.
James Arthur Sephton, Alison Sephton and Richard Parker registered a fixed charge on 11 August 2023 over hmrc title: MM133309.
Related party transactions |
Loans to related parties
Cassidy Group (UK) Limited
Included within debtors is an amount of £3,075,286 (2023: £2,314,000) due from Cassidy Group (UK) Limited, a company connected by virtue of common directorship.