Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mrs C Bailey 09/07/2013 Mr V Bailey 09/07/2013 23 April 2025 The principle activity of the company during the year was that of property rental. 08601769 2024-12-31 08601769 bus:Director1 2024-12-31 08601769 bus:Director2 2024-12-31 08601769 2023-12-31 08601769 core:CurrentFinancialInstruments 2024-12-31 08601769 core:CurrentFinancialInstruments 2023-12-31 08601769 core:ShareCapital 2024-12-31 08601769 core:ShareCapital 2023-12-31 08601769 core:RetainedEarningsAccumulatedLosses 2024-12-31 08601769 core:RetainedEarningsAccumulatedLosses 2023-12-31 08601769 2024-01-01 2024-12-31 08601769 bus:FilletedAccounts 2024-01-01 2024-12-31 08601769 bus:SmallEntities 2024-01-01 2024-12-31 08601769 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08601769 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08601769 bus:Director1 2024-01-01 2024-12-31 08601769 bus:Director2 2024-01-01 2024-12-31 08601769 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 08601769 (England and Wales)

CV DEVELOPMENTS LIMITED

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

CV DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

CV DEVELOPMENTS LIMITED

BALANCE SHEET

As at 31 December 2024
CV DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 895,000 895,000
895,000 895,000
Current assets
Debtors 4 9,296 7,501
Cash at bank and in hand 25,537 124,213
34,833 131,714
Creditors: amounts falling due within one year 5 ( 529,469) ( 641,925)
Net current liabilities (494,636) (510,211)
Total assets less current liabilities 400,364 384,789
Net assets 400,364 384,789
Capital and reserves
Called-up share capital 100 100
Profit and loss account 400,264 384,689
Total shareholders' funds 400,364 384,789

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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of CV Developments Limited (registered number: 08601769) were approved and authorised for issue by the Board of Directors on 23 April 2025. They were signed on its behalf by:

Mr V Bailey
Director
Mrs C Bailey
Director
CV DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
CV DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

CV Developments Limited (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 Mumpers Dingle Lions Hill Way, Ashley Heath, Ringwood, BH24 2EX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the rental due on properties owned by the company.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

2. Employees

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

3. Investment property

Investment property
£
Valuation
As at 01 January 2024 895,000
As at 31 December 2024 895,000

The director valued the properties as at 31 December 2024 at £895,000.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 657,153 657,153

4. Debtors

2024 2023
£ £
Trade debtors 8,827 7,501
Other debtors 469 0
9,296 7,501

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,734 80
Taxation and social security 8,317 7,460
Other creditors 518,418 634,385
529,469 641,925