Company Registration No. 12835277 (England and Wales)
CHERIDAN PROPERTIES LTD
Unaudited accounts
for the year ended 31 August 2024
CHERIDAN PROPERTIES LTD
Unaudited accounts
Contents
CHERIDAN PROPERTIES LTD
Company Information
for the year ended 31 August 2024
Director
Mr Shaun Kevin Yallop
Company Number
12835277 (England and Wales)
Registered Office
486 SPROWSTON ROAD
NORWICH
NR3 4DY
ENGLAND
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
CHERIDAN PROPERTIES LTD
Accountants' report
Accountants' report to the director of CHERIDAN PROPERTIES LTD on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
CHERIDAN PROPERTIES LTD for the year ended
31 August 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CHERIDAN PROPERTIES LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CHERIDAN PROPERTIES LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CHERIDAN PROPERTIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CHERIDAN PROPERTIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CHERIDAN PROPERTIES LTD. You consider that CHERIDAN PROPERTIES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CHERIDAN PROPERTIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
14 May 2025
CHERIDAN PROPERTIES LTD
Statement of financial position
as at 31 August 2024
Tangible assets
1,209,906
1,209,933
Cash at bank and in hand
17,407
14,199
Creditors: amounts falling due within one year
(238,657)
(355,161)
Net current liabilities
(218,852)
(339,548)
Total assets less current liabilities
991,054
870,385
Creditors: amounts falling due after more than one year
(1,000,425)
(881,565)
Provisions for liabilities
Net liabilities
(9,387)
(11,201)
Called up share capital
1
1
Profit and loss account
(9,388)
(11,202)
Shareholders' funds
(9,387)
(11,201)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 May 2025 and were signed on its behalf by
Mr Shaun Kevin Yallop
Director
Company Registration No. 12835277
CHERIDAN PROPERTIES LTD
Notes to the Accounts
for the year ended 31 August 2024
CHERIDAN PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 12835277. The registered office is 486 SPROWSTON ROAD, NORWICH, NR3 4DY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Nil Depreciation
Plant & machinery
25% Reducing Balance
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
CHERIDAN PROPERTIES LTD
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 September 2023
1,209,825
113
1,209,938
At 31 August 2024
1,209,825
113
1,209,938
Charge for the year
-
27
27
At 31 August 2024
1,209,825
81
1,209,906
At 31 August 2023
1,209,825
108
1,209,933
Amounts falling due within one year
Accrued income and prepayments
515
556
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
504
13,887
Taxes and social security
2,552
(64)
Loans from directors
235,601
340,973
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
1,000,425
881,565
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).