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Company No: 11632570 (England and Wales)

CERNE DEVELOPMENTS LTD

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

CERNE DEVELOPMENTS LTD

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

CERNE DEVELOPMENTS LTD

BALANCE SHEET

As at 31 October 2024
CERNE DEVELOPMENTS LTD

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 50 50
50 50
Current assets
Debtors 4 151,152 138,852
Cash at bank and in hand 136 849
151,288 139,701
Creditors: amounts falling due within one year 5 ( 155,683) ( 143,316)
Net current liabilities (4,395) (3,615)
Total assets less current liabilities (4,345) (3,565)
Net liabilities ( 4,345) ( 3,565)
Capital and reserves
Called-up share capital 6 3 3
Profit and loss account ( 4,348 ) ( 3,568 )
Total shareholders' deficit ( 4,345) ( 3,565)

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Cerne Developments Ltd (registered number: 11632570) were approved and authorised for issue by the Board of Directors on 27 March 2025. They were signed on its behalf by:

G M Thornton
Director
CERNE DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
CERNE DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cerne Developments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 November 2023 50 50
At 31 October 2024 50 50
Carrying value at 31 October 2024 50 50
Carrying value at 31 October 2023 50 50

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 151,152 138,852

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 6,000 6,000
Other creditors 149,683 137,316
155,683 143,316

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
3 Ordinary shares of £ 1.00 each 3 3