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REGISTERED NUMBER: 02654806 (England and Wales)















B.J. CADMAN DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024






B.J. CADMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02654806)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


B.J. CADMAN DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs J M Cadman
Mr N J Cadman





REGISTERED OFFICE: Brezal House
Layer Breton Hill
Layer Breton
Colchester
Essex
CO2 0PP





REGISTERED NUMBER: 02654806 (England and Wales)

B.J. CADMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02654806)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 111 161
Investments 5 110,000 110,000
Investment property 6 907,636 285,000
1,017,747 395,161

CURRENT ASSETS
Debtors 7 13,425 269,608
Cash at bank 213,042 1,101,454
226,467 1,371,062
CREDITORS
Amounts falling due within one year 8 (114,891 ) (650,710 )
NET CURRENT ASSETS 111,576 720,352
TOTAL ASSETS LESS CURRENT LIABILITIES 1,129,323 1,115,513

PROVISIONS FOR LIABILITIES (41,460 ) (31,419 )
NET ASSETS 1,087,863 1,084,094

B.J. CADMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02654806)

BALANCE SHEET - continued
30 JUNE 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 11,000 11,000
Fair value reserve 9 178,715 188,728
Retained earnings 898,146 884,364
SHAREHOLDERS' FUNDS 1,087,863 1,084,094

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 27 March 2025 and were signed on its behalf by:





Mrs J M Cadman - Director


B.J. CADMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02654806)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

BJ Cadman Developments Limited 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 financial statements are prepared in sterling which is the functional currency of the company and values are rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small
Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the
historical cost convention as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents the value of work receivable for the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% straight line
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on reducing balance

Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investments
Investments are shown at fair value with gains and losses passing through other comprehensive income to the revaluation reserve, unless this is a reversal of a previous movement to the income statement or it is a decrease that exceeds the previous revaluations, when there would be a movement to the income statement.

Financial instruments

Basic financial instruments are recognised at amortised cost.

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.


B.J. CADMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02654806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 8,600 1,574 5,952 16,126
DEPRECIATION
At 1 July 2023 8,600 1,574 5,791 15,965
Charge for year - - 50 50
At 30 June 2024 8,600 1,574 5,841 16,015
NET BOOK VALUE
At 30 June 2024 - - 111 111
At 30 June 2023 - - 161 161

B.J. CADMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02654806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 110,000
NET BOOK VALUE
At 30 June 2024 110,000
At 30 June 2023 110,000

The investments were revalued in February 2022 by Nicholas Percival Chartered Surveyors. The directors have adopted this valuation in the accounts as representative of the fair value at the year end. The original cost of the investments were £110,738.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 285,000
Additions 622,636
At 30 June 2024 907,636
NET BOOK VALUE
At 30 June 2024 907,636
At 30 June 2023 285,000

The original investment property was revalued in February 2022 by Nicholas Percival Chartered Surveyors. The directors have had due regard for this valuation in forming their view of the fair value at the year end. The original cost of the property was £64,565.
A further investment property was acquired in February 2024.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,425 4,608
Amounts owed by group undertakings 9,000 265,000
13,425 269,608

B.J. CADMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02654806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8 -
Amounts due to parent undertaking - 543,895
Amounts due to joint ventures 59,656 59,256
Corporation tax 5,776 23,298
Other tax and social security 3,529 612
Accruals and deferred income 45,922 23,649
114,891 650,710

9. RESERVES

Revaluation Fair value
reserve reserve Totals
£ £ £
At 1 July 202311,000188,728199,728
Revaluation of fixed assets---
Deferred tax uplift on revaluation-(10,013)(10,013)
At 30 June 202411,000178,715189,715