Cade Developments Limited 09836482 true 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is property development and rental Digita Accounts Production Advanced 6.30.9574.0 true Mr A L Cade 09836482 2023-08-01 2024-07-31 09836482 2024-07-31 09836482 bus:OrdinaryShareClass1 2024-07-31 09836482 core:RetainedEarningsAccumulatedLosses 2024-07-31 09836482 core:ShareCapital 2024-07-31 09836482 core:CurrentFinancialInstruments 2024-07-31 09836482 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 09836482 1 2024-07-31 09836482 bus:FRS102 2023-08-01 2024-07-31 09836482 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09836482 bus:FullAccounts 2023-08-01 2024-07-31 09836482 bus:RegisteredOffice 2023-08-01 2024-07-31 09836482 bus:Director1 2023-08-01 2024-07-31 09836482 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 09836482 bus:EntityNoLongerTradingButTradedInPast 2023-08-01 2024-07-31 09836482 bus:Consolidated 2023-08-01 2024-07-31 09836482 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09836482 1 2023-08-01 2024-07-31 09836482 countries:EnglandWales 2023-08-01 2024-07-31 09836482 2022-08-01 2023-07-31 09836482 2023-07-31 09836482 bus:OrdinaryShareClass1 2023-07-31 09836482 core:RetainedEarningsAccumulatedLosses 2023-07-31 09836482 core:ShareCapital 2023-07-31 09836482 core:CurrentFinancialInstruments 2023-07-31 09836482 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 09836482 1 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09836482

Cade Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Cade Developments Limited

(Registration number: 09836482)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

-

34

Creditors: Amounts falling due within one year

4

(38,623)

(38,657)

Net liabilities

 

(38,623)

(38,623)

Capital and reserves

 

Called up share capital

5

1

1

Retained earnings

(38,624)

(38,624)

Shareholders' deficit

 

(38,623)

(38,623)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 her 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 16 April 2025
 

.........................................
Mr A L Cade
Director

 

Cade Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
4A Park Road
St Ives
Cambs
PE27 5JR
England

These financial statements were authorised for issue by the director on 16 April 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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

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 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.

 

Cade Developments Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Cash and cash equivalents

2024
£

2023
£

Cash at bank

-

34

4

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

38,408

38,408

Amounts due to related parties

215

249

 

38,623

38,657

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       
 

Cade Developments Limited

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

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

38,408

38,408

Bank borrowings

The mortgage over freehold property is denominated in £ sterling with a nominal interest rate of 6.58%%, and the final instalment is due on 31 October 2036. The carrying amount at year end is £Nil (2023 - £Nil).

The mortgage company has a first legal charge over the property owned by the company

7

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).