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REGISTERED NUMBER: 12900047 (England and Wales)












Unaudited Financial Statements

For The Year Ended 30th September 2024

for

Akkeri Developments Limited

Akkeri Developments Limited (Registered number: 12900047)






Contents of the Financial Statements
For The Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Akkeri Developments Limited

Company Information
For The Year Ended 30th September 2024







DIRECTORS: A J Watson
J A Appleton-Metcalfe
J S Parratt
A G Shaw





REGISTERED OFFICE: 4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ





REGISTERED NUMBER: 12900047 (England and Wales)





ACCOUNTANTS: F E Metcalfe & Co Limited
Chartered Accountants
4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ

Akkeri Developments Limited (Registered number: 12900047)

Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £ £ £
FIXED ASSETS
Tangible assets 4 627 1,254
Investments 5 210 210
837 1,464

CURRENT ASSETS
Stocks 68,891 83,375
Debtors 6 2,487,905 2,459,754
Cash at bank 3,905 26,220
2,560,701 2,569,349
CREDITORS
Amounts falling due within one year 7 2,612,946 2,599,342
NET CURRENT LIABILITIES (52,245 ) (29,993 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(51,408

)

(28,529

)

CAPITAL AND RESERVES
Called up share capital 8 20 20
Retained earnings (51,428 ) (28,549 )
SHAREHOLDERS' FUNDS (51,408 ) (28,529 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

Akkeri Developments Limited (Registered number: 12900047)

Balance Sheet - continued
30th September 2024


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 28th May 2025 and were signed on its behalf by:





A J Watson - Director


Akkeri Developments Limited (Registered number: 12900047)

Notes to the Financial Statements
For The Year Ended 30th September 2024

1. STATUTORY INFORMATION

Akkeri 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the 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.

Going Concern

These financial statements have been prepared on a going concern basis, which assumes that the company will be able to meet all its obligations as and when they fall due for the foreseeable future. The directors have undertaken an assessment of the cashflow requirements after making appropriate enquiries including considering the current uncertainties in the residential housing market, sensitivity analysis of changes in interest rates and the continued availability of loan facilities. After undertaking this assessment, which is updated on a regular basis, the directors have a reasonable expectation that the company has the financial resources to meet its obligations as they fall due and therefore consider it appropriate to adopt the going concern basis for these financial statements

Preparation of consolidated financial statements

The financial statements contain information about Akkeri Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements as the group is a small group.


Related Party Exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Functional and presentational currency

These financial statements are presented in Great British Pounds, which is the company's functional currency. All financial information presented in Great British Pounds has been rounded to the nearest pound.

Investments in subsidiaries
Investments relate to investments in unlisted entities which are stated at cost less impairment. At each balance sheet date, investments are assessed for indicators of impairment and where there are indicators of impairment, recoverable amount is assessed. If recoverable amount is less than carrying amount, the investment is written down to recoverable amount by way of an impairment loss which is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Akkeri Developments Limited (Registered number: 12900047)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.


Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Akkeri Developments Limited (Registered number: 12900047)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st October 2023
and 30th September 2024 1,881
DEPRECIATION
At 1st October 2023 627
Charge for year 627
At 30th September 2024 1,254
NET BOOK VALUE
At 30th September 2024 627
At 30th September 2023 1,254

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1st October 2023
and 30th September 2024 210
NET BOOK VALUE
At 30th September 2024 210
At 30th September 2023 210

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Trade debtors 1,260 900
Amounts owed by subsidiary undertakings 2,427,424 2,420,325
Amounts owed by associated undertakings 58,530 38,529
VAT 440 -
Prepayments 251 -
2,487,905 2,459,754

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Trade creditors 4,270 1,267
Amounts owed to associated undertakings 424,894 414,944
VAT - 19
Other creditors 2,179,731 2,179,731
Accrued expenses 4,051 3,381
2,612,946 2,599,342

Akkeri Developments Limited (Registered number: 12900047)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £ £
1,000 Ordinary A 0.01 10 10
1,000 Ordinary B 0.01 10 10
20 20

9. RELATED PARTY DISCLOSURES

Included within creditors are amounts due to associated companies. At 30 September 2024 the amounts owed to these companies amounted to £424,894 (2023: £414,944), which are unsecured, repayable on demand and are non-interest bearing.

At 30 September 2024, the value of £2,179,730 (2023 : £2,179,730) disclosed as other creditors is due to a company that is controlled by one the directors, which is unsecured, repayable on demand and non-interest bearing.