Company Registration No. 10870835 (England and Wales)
NB and CDK Joint Ventures Limited
Unaudited accounts
for the year ended 30 June 2024
NB and CDK Joint Ventures Limited
Unaudited accounts
Contents
NB and CDK Joint Ventures Limited
Company Information
for the year ended 30 June 2024
Directors
Neil Arthur Brown
C Knutton
Company Number
10870835 (England and Wales)
Registered Office
34 Whirlow Court Road
Sheffield
South Yorkshire
S11 9NT
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
NB and CDK Joint Ventures Limited
Accountants' report
Accountants' report to the board of directors of NB and CDK Joint Ventures Limited on the preparation of the unaudited statutory accounts 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
NB and CDK Joint Ventures Limited for the year ended
30 June 2024 as set out on pages
5 -
8 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 NB and CDK Joint Ventures Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of NB and CDK Joint Ventures Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NB and CDK Joint Ventures Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NB and CDK Joint Ventures Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NB and CDK Joint Ventures Limited. You consider that NB and CDK Joint Ventures Limited 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 NB and CDK Joint Ventures Limited. 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.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
25 March 2025
NB and CDK Joint Ventures Limited
Statement of financial position
as at 30 June 2024
Investment property
500,000
493,342
Cash at bank and in hand
2,545
7,348
Creditors: amounts falling due within one year
(147,651)
(156,848)
Net current liabilities
(145,106)
(149,500)
Total assets less current liabilities
354,894
350,500
Creditors: amounts falling due after more than one year
(292,374)
(295,036)
Provisions for liabilities
Deferred tax
(27,368)
(24,653)
Called up share capital
200
200
Revaluation reserve
132,364
127,371
Profit and loss account
(97,412)
(96,760)
Shareholders' funds
35,152
30,811
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
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
C Knutton
Director
Company Registration No. 10870835
NB and CDK Joint Ventures Limited
Notes to the Accounts
for the year ended 30 June 2024
NB and CDK Joint Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 10870835. The registered office is 34 Whirlow Court Road, Sheffield, South Yorkshire, S11 9NT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Between 20% and 25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
NB and CDK Joint Ventures Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 July 2023
493,342
Net gain from fair value adjustments
6,658
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
96,744
106,182
Loans from directors
49,917
49,916
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
292,374
295,036
Aggregate of amounts that fall due for payment after five years
287,235
287,235
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
NB and CDK Joint Ventures Limited
Notes to the Accounts
for the year ended 30 June 2024
8
Deferred taxation
2024
2023
Revaluation of investment property
44,122
42,457
Tax losses carried forward
(16,754)
(17,804)
Provision at start of year
24,653
(14,910)
Charged to the profit and loss account
2,715
39,563
Provision at end of year
27,368
24,653
Comparatives have been restated for deferred tax on revaluation of investment properties.
9
Transactions with related parties
Included in creditors is a balance of £106,182 (2022 - £142,031) from C & DK Properties Limited, a related company. Interest of £1,907 (2022 - £1,380) has been included. The loan is repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).