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REGISTERED NUMBER: 11266369 (England and Wales)




















Financial Statements

for the Year Ended 31 August 2024

for

Cissonius Developments Ltd

Cissonius Developments Ltd (Registered number: 11266369)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cissonius Developments Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr J Dunn
Mr P Howard





REGISTERED OFFICE: 1 Saxon House
Headway Business Park
Corby
Northamptonshire
NN18 9EZ





REGISTERED NUMBER: 11266369 (England and Wales)





AUDITORS: Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Cissonius Developments Ltd (Registered number: 11266369)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 3,066,781 3,029,477
Debtors 4 29,840 303,763
Cash at bank 65,820 313,448
3,162,441 3,646,688
CREDITORS
Amounts falling due within one year 5 2,238,920 2,905,475
NET CURRENT ASSETS 923,521 741,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

923,521

741,213

CREDITORS
Amounts falling due after more than one
year

6

304,777

19,064
NET ASSETS 618,744 722,149

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 618,644 722,049
SHAREHOLDERS' FUNDS 618,744 722,149

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





Mr P Howard - Director


Cissonius Developments Ltd (Registered number: 11266369)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Cissonius Developments Ltd 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.

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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, value added tax. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

-the Company has transferred the significant risks and rewards of ownership to the buyer;

-the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

-the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Cissonius Developments Ltd (Registered number: 11266369)

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

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 104,890
Amounts owed by group undertakings - 113,473
VAT 2,020 83,810
Deferred tax asset 25,984 -
Prepayments 1,836 1,590
29,840 303,763

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,289 10,035
Other loans 444,000 -
Trade creditors - 1,291,779
Amounts owed to group undertakings 1,063,601 770,414
Tax - 17,492
Deposits held 20,000 -
Other creditors 146,805 -
Directors' loan accounts - 124,950
Accruals and deferred income 554,225 690,805
2,238,920 2,905,475

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,777 19,064
Other loans - 1-2 years 296,000 -
304,777 19,064

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,066 29,099
Other loans 740,000 -
759,066 29,099

An interest free two year loan of £740,000 has been received, secured against 10 sited park homes at Mulberry Court. The loan is repayable pro rata on the sale of each of these units to a third party.

Cissonius Developments Ltd (Registered number: 11266369)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Julian Payne BA FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts - Statutory Auditor

10. RELATED PARTY DISCLOSURES

The company has previously received a loan from a director of the company amounting to £125,000.
The director no longer held this position at the year end and as such the loan balance is no longer reportable.

11. ULTIMATE CONTROLLING PARTY

The controlling party is SRG Park Holdings Ltd.

The ultimate controlling party is Mr S Geranio.

Registered Office of SRG Park Holdings Limited

1 Saxon House
Headway Business Park
Corby
Northamptonshire
England
NN18 9EZ