Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01truefalseconstruction00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05161394 2023-07-01 2024-06-30 05161394 2022-07-01 2023-06-30 05161394 2024-06-30 05161394 2023-06-30 05161394 c:CompanySecretary1 2023-07-01 2024-06-30 05161394 c:Director1 2023-07-01 2024-06-30 05161394 c:Director2 2023-07-01 2024-06-30 05161394 c:Director2 2024-06-30 05161394 c:Director3 2023-07-01 2024-06-30 05161394 c:Director3 2024-06-30 05161394 c:RegisteredOffice 2023-07-01 2024-06-30 05161394 d:PlantMachinery 2023-07-01 2024-06-30 05161394 d:PlantMachinery 2024-06-30 05161394 d:PlantMachinery 2023-06-30 05161394 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05161394 d:FurnitureFittings 2023-07-01 2024-06-30 05161394 d:FurnitureFittings 2024-06-30 05161394 d:FurnitureFittings 2023-06-30 05161394 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05161394 d:OfficeEquipment 2023-07-01 2024-06-30 05161394 d:OfficeEquipment 2024-06-30 05161394 d:OfficeEquipment 2023-06-30 05161394 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05161394 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05161394 d:CurrentFinancialInstruments 2024-06-30 05161394 d:CurrentFinancialInstruments 2023-06-30 05161394 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05161394 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05161394 d:ShareCapital 2024-06-30 05161394 d:ShareCapital 2023-06-30 05161394 d:RetainedEarningsAccumulatedLosses 2024-06-30 05161394 d:RetainedEarningsAccumulatedLosses 2023-06-30 05161394 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-06-30 05161394 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 05161394 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05161394 c:OrdinaryShareClass1 2024-06-30 05161394 c:OrdinaryShareClass1 2023-06-30 05161394 c:FRS102 2023-07-01 2024-06-30 05161394 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05161394 c:FullAccounts 2023-07-01 2024-06-30 05161394 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05161394 2 2023-07-01 2024-06-30 05161394 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05161394










CHARLSBURY DEVELOPMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CHARLSBURY DEVELOPMENTS LTD
 
 
COMPANY INFORMATION


Directors
Thomas William Roger Codling 
John Richard Sharman (resigned 17 July 2024)
Roger Thomas Codling (appointed 18 July 2024)




Company secretary
John Richard Sharman



Registered number
05161394



Registered office
12 Church Street
Cromer

Norfolk

NR27 9ER




Accountants
MA Partners LLP
Chartered Accountants

12 Church Street

Cromer

Norfolk

NR27 9ER





 
CHARLSBURY DEVELOPMENTS LTD
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 10


 
CHARLSBURY DEVELOPMENTS LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CHARLSBURY DEVELOPMENTS 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 financial statements of Charlsbury Developments Ltd for the year ended 30 June 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Charlsbury Developments Ltd, as a body, in accordance with the terms of our engagement letter dated 16 March 2023Our work has been undertaken solely to prepare for your approval the financial statements of Charlsbury Developments Ltd and state those matters that we have agreed to state to the Board of Directors of Charlsbury Developments Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Charlsbury Developments Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Charlsbury 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 Charlsbury Developments Ltd. You consider that Charlsbury Developments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Charlsbury Developments 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 financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER
 
28 March 2025
Page 1

 
CHARLSBURY DEVELOPMENTS LTD
REGISTERED NUMBER: 05161394

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,680
14,069

  
12,680
14,069

Current assets
  

Debtors: amounts falling due within one year
 5 
7,998
16,852

Cash at bank and in hand
  
4,296
8,251

  
12,294
25,103

Creditors: amounts falling due within one year
 6 
(13,195)
(20,550)

Net current (liabilities)/assets
  
 
 
(901)
 
 
4,553

Total assets less current liabilities
  
11,779
18,622

Provisions for liabilities
  

Deferred tax
  
(2,409)
(2,673)

  
 
 
(2,409)
 
 
(2,673)

Net assets
  
9,370
15,949


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
8,370
14,949

  
9,370
15,949


Page 2

 
CHARLSBURY DEVELOPMENTS LTD
REGISTERED NUMBER: 05161394
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Thomas William Roger Codling
................................................
Roger Thomas Codling
Director
Director


Date: 27 March 2025

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
CHARLSBURY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The Company is a United Kingdom private company limited by shares.  It is both incorporated and domiciled in England and Wales.  The address of its registered office is 12 Church Street, Cromer, Norfolk, NR27 9ER and its company number is 05161394.
The company's principle activity is that of construction of new build domestic properties and renovations. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract for the construction of new build domestic properties and renovations is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
 - the amount of revenue can be measured reliably;
 - it is probable that the Company will receive the consideration due under the contract;
 - the stage of completion of the contract at the end of the reporting period can be measured reliably;
 - the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
CHARLSBURY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
CHARLSBURY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
CHARLSBURY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Financial instruments


The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate
Page 7

 
CHARLSBURY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.



Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL)
Page 8

 
CHARLSBURY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 July 2023
50,501
1,249
222
51,972


Additions
856
-
-
856



At 30 June 2024

51,357
1,249
222
52,828



Depreciation


At 1 July 2023
36,858
851
194
37,903


Charge for the year on owned assets
2,178
60
7
2,245



At 30 June 2024

39,036
911
201
40,148



Net book value



At 30 June 2024
12,321
338
21
12,680



At 30 June 2023
13,643
398
28
14,069


5.


Debtors

2024
2023
£
£


Other debtors
1,644
7,561

Prepayments and accrued income
6,354
9,291

7,998
16,852


Page 9

 
CHARLSBURY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,363
5,806

Corporation tax
-
807

Other taxation and social security
4,330
7,253

Other creditors
4,842
5,178

Accruals and deferred income
1,660
1,506

13,195
20,550



7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
4,296
8,251




Financial assets measured at fair value through profit or loss comprise of cash and cash equivalents.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares shares of £1.00 each
1,000
1,000



9.


Related party transactions

At the year end, included within creditors is £4,842 (2023 : £5,178) owed to a shareholder. This sum has been lent without an interest charge. 

 
Page 10