2 2 CDY Holdings Ltd 09876853 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is activities of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true true true 09876853 2024-01-01 2024-12-31 09876853 2024-12-31 09876853 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-12-31 09876853 core:CurrentFinancialInstruments 2024-12-31 09876853 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09876853 core:AllSubsidiaries 2024-12-31 09876853 bus:SmallEntities 2024-01-01 2024-12-31 09876853 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09876853 bus:FilletedAccounts 2024-01-01 2024-12-31 09876853 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09876853 bus:RegisteredOffice 2024-01-01 2024-12-31 09876853 bus:CompanySecretary1 2024-01-01 2024-12-31 09876853 bus:Director1 2024-01-01 2024-12-31 09876853 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-01-01 2024-12-31 09876853 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09876853 bus:Agent1 2024-01-01 2024-12-31 09876853 core:AllSubsidiaries 2024-01-01 2024-12-31 09876853 1 2024-01-01 2024-12-31 09876853 countries:EnglandWales 2024-01-01 2024-12-31 09876853 2023-12-31 09876853 core:AllSubsidiaries 2023-12-31 09876853 2023-01-01 2023-12-31 09876853 2023-12-31 09876853 bus:Director1 1 2023-12-31 09876853 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-12-31 09876853 core:CurrentFinancialInstruments 2023-12-31 09876853 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09876853 core:AllSubsidiaries 2023-12-31 09876853 bus:Director1 1 2023-01-01 2023-12-31 09876853 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-01-01 2023-12-31 09876853 core:AllSubsidiaries 2023-01-01 2023-12-31 09876853 2022-12-31 09876853 bus:Director1 1 2022-12-31 09876853 core:AllSubsidiaries 2022-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 09876853

CDY Holdings Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

CDY Holdings Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

CDY Holdings Ltd

Company Information

Director

Mr Christopher David Young

Company secretary

Mrs Gemma Louise Young

Registered office

Unit 2 Venture Business Park
Witty Street
Hull
East Yorkshire
HU3 4TT

Solicitors

Gosschalks Solicitors
Queens Gardens
Dock Street
Hull
East Yorkshire
HU1 3DZ

Bankers

Svenska Handelsbanken AB (publ)
Hessle
First Floor
Westcott House
Hesslewood Business Park
Hessle
East Yorkshire
HU13 0PF

Accountants

Flexibility Professional Services (UK) Ltd Cherry Tree Court
36 Ferensway
Hull
East Yorkshire
HU2 8NH

 

CDY Holdings Ltd

(Registration number: 09876853)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

-

198,715

Cash at bank and in hand

 

37

102

 

37

198,817

Creditors: Amounts falling due within one year

5

(930)

(12,920)

Net (liabilities)/assets

 

(893)

185,897

Capital and reserves

 

Called up share capital

6

71,530

71,530

Retained earnings

(72,423)

114,367

Shareholders' (deficit)/funds

 

(893)

185,897

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 March 2025
 

.........................................
Mr Christopher David Young
Director

 

CDY Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Venture Business Park
Witty Street
Hull
East Yorkshire
HU3 4TT
United Kingdom

These financial statements were authorised for issue by the director on 24 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

CDY Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

8

-

198,715

   

-

198,715

 

CDY Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

-

12,500

Accruals and deferred income

 

930

420

 

930

12,920

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary £1 of £1 each

71,530

71,530

71,530

71,530

       
 

CDY Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £Nil (2023 - £0.84) per each Ordinary £1

-

60,368

 

 

8

Related party transactions

Transactions with the director

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mr Christopher David Young

Directors Loan Account

53,030

7,338

(60,368)

-

Summary of transactions with subsidiaries

CDY Ceilings and Partitions Ltd
CDY Property Ltd
Clear Interior Projects Ltd
SRY Developments (Hull) Ltd
Loan capital provided to/from subsidiary group companies.
Unsecured loan provided without repayment terms.

 

CDY Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Loans to related parties

2024

Subsidiary
£

Total
£

At start of period

198,715

198,715

Impairment

(198,715)

(198,715)

At end of period

-

-

2023

Subsidiary
£

Total
£

At start of period

214,844

214,844

Repaid

(16,129)

(16,129)

At end of period

198,715

198,715

Terms of loans to related parties

No repayment terms and 0% interest.
 

Loans from related parties

2024

Subsidiary
£

Total
£

At start of period

12,500

12,500

Impairment

(12,500)

(12,500)

At end of period

-

-

2023

Subsidiary
£

Total
£

At start of period

12,500

12,500

At end of period

12,500

12,500

Terms of loans from related parties

No repayment terms and 0% interest.
 

9

Parent and ultimate parent undertaking

The company's immediate parent is Young & Family Ltd, incorporated in England and Wales.