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Company registration number: 12047929
CBL Developments Ltd
Unaudited filleted financial statements
30 June 2024
CBL Developments Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
CBL Developments Ltd
Directors and other information
Directors Ms Tina Griffiths
Company number 12047929
Registered office Sovereign House
82 West Street
Rochford
Essex
SS4 1AS
Accountant Murphy Collins Limited
Sovereign House
82 West Street
Rochford
Essex
SS4 1AS
CBL Developments Ltd
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of CBL Developments Ltd
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of CBL Developments Ltd for the year ended 30 June 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of CBL Developments Ltd, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of CBL Developments Ltd and state those matters that we have agreed to state to the board of directors of CBL Developments Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than CBL Developments Ltd and its board of directors as a body for my work or for this report.
It is your duty to ensure that CBL Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of CBL Developments Ltd. You consider that CBL Developments Ltd is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of CBL Developments Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Murphy Collins Limited
Sovereign House
82 West Street
Rochford
Essex
SS4 1AS
27 March 2025
CBL Developments Ltd
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 275,000 275,000
_______ _______
275,000 275,000
Current assets
Debtors 5 30,140 30,140
Cash at bank and in hand 16,072 8,570
_______ _______
46,212 38,710
Creditors: amounts falling due
within one year 6 ( 185,670) ( 174,845)
_______ _______
Net current liabilities ( 139,458) ( 136,135)
_______ _______
Total assets less current liabilities 135,542 138,865
_______ _______
Net assets 135,542 138,865
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 135,442 138,765
_______ _______
Shareholders funds 135,542 138,865
_______ _______
For the 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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 March 2025 , and are signed on behalf of the board by:
Ms Tina Griffiths
Director
Company registration number: 12047929
CBL Developments Ltd
Statement of changes in equity
Year ended 30 June 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2022 100 121,625 121,725
(Loss)/profit for the year 17,140 17,140
_______ _______ _______
Total comprehensive income for the year - 17,140 17,140
_______ _______ _______
At 30 June 2023 and 1 July 2023 100 138,765 138,865
(Loss)/profit for the year ( 3,323) ( 3,323)
_______ _______ _______
Total comprehensive income for the year - ( 3,323) ( 3,323)
_______ _______ _______
At 30 June 2024 100 135,442 135,542
_______ _______ _______
CBL Developments Ltd
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Andrew Murphy Chartered Accountants, Sovereign House, 82 West Street, Rochford, Essex, SS4 1AS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 0 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Tangible assets
Freehold property Total
£ £
Cost
At 1 July 2023 and 30 June 2024 275,000 275,000
_______ _______
Depreciation
At 1 July 2023 and 30 June 2024 - -
_______ _______
Carrying amount
At 30 June 2024 275,000 275,000
_______ _______
At 30 June 2023 275,000 275,000
_______ _______
5. Debtors
2024 2023
£ £
Other debtors 30,140 30,140
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 56,700 -
Corporation tax ( 738) 34,538
Social security and other taxes 39,843 30,941
Other creditors 89,865 109,366
_______ _______
185,670 174,845
_______ _______
7. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Ms Tina Griffiths ( 50,663) 20,918 ( 1,177) ( 30,922)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Ms Tina Griffiths ( 60,311) 11,175 ( 1,527) ( 50,663)
_______ _______ _______ _______
8. Related party transactions
Miss T Griffths controls the company