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REGISTERED NUMBER: 04042536 (England and Wales)














Financial Statements

for the Year Ended 31st July 2024

for

Court Vale Developments Limited

Court Vale Developments Limited (Registered number: 04042536)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Court Vale Developments Limited

Company Information
for the Year Ended 31st July 2024







DIRECTORS: Mr S M Jones
Mr M M Jones





SECRETARY: Mr M M Jones





REGISTERED OFFICE: Johnston Business Park
St Peters Road
Johnston
HAVERFORDWEST
Pembrokeshire
SA62 3PR





REGISTERED NUMBER: 04042536 (England and Wales)

Court Vale Developments Limited (Registered number: 04042536)

Abridged Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 13,610 16,019
Investment property 5 2,500,000 2,500,000
2,513,610 2,516,019

CURRENT ASSETS
Cash at bank 49,904 17,100

CREDITORS
Amounts falling due within one year 289,772 304,571
NET CURRENT LIABILITIES (239,868 ) (287,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,273,742

2,228,548

CREDITORS
Amounts falling due after more than one year 6 (814,070 ) (821,570 )

PROVISIONS FOR LIABILITIES (124,402 ) (125,005 )
NET ASSETS 1,335,270 1,281,973

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 7 982,760 982,760
Retained earnings 352,506 299,209
SHAREHOLDERS' FUNDS 1,335,270 1,281,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Court Vale Developments Limited (Registered number: 04042536)

Abridged Balance Sheet - continued
31st July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd April 2025 and were signed on its behalf by:




Mr M M Jones - Director



Mr S M Jones - Director


Court Vale Developments Limited (Registered number: 04042536)

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

1. STATUTORY INFORMATION

Court Vale Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Court Vale Developments Limited (Registered number: 04042536)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2023
and 31st July 2024 41,397
DEPRECIATION
At 1st August 2023 25,378
Charge for year 2,409
At 31st July 2024 27,787
NET BOOK VALUE
At 31st July 2024 13,610
At 31st July 2023 16,019

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023
and 31st July 2024 2,500,000
NET BOOK VALUE
At 31st July 2024 2,500,000
At 31st July 2023 2,500,000

The properties have been valued by Independent Valuers J.J. Morris Limited in November 2023.

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2017 403,759
Valuation in 2023 700,000
Cost 1,396,241
2,500,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.7.24 31.7.23
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 805,295 805,295

Court Vale Developments Limited (Registered number: 04042536)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

7. RESERVES
Fair
value
reserve
£   
At 1st August 2023
and 31st July 2024 982,760

8. RELATED PARTY DISCLOSURES

During the year site maintenance costs of £12,000 each were charged by the directors to Court Vale Developments Ltd.

Management fees of £12,000 were charged by Dewslake Ltd (a company controlled by director Martin Jones) to Court Vale Developments Ltd.

Management fees of £10,000 were charged by Stephen M Jones Ltd (a company controlled by director Stephen Jones) to Court Vale Developments Ltd.