Croydon Developments Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 13661739 (England and Wales)
Croydon Developments Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
Croydon Developments Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Stock
26,986,737
26,069,629
Debtors
3
87,695
173,540
Cash at bank and in hand
399,616
315,429
27,474,048
26,558,598
Creditors: amounts falling due within one year
4
(2,900)
(577,914)
Net current assets
27,471,148
25,980,684
Capital and reserves
Called up share capital
5
27,500,000
26,000,000
Profit and loss reserves
(28,852)
(19,316)
Total equity
27,471,148
25,980,684
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Croydon Developments Limited
Balance Sheet (Continued)
As at 31 December 2024
Page 2
The financial statements were approved by the board of directors and authorised for issue on 2 June 2025 and are signed on its behalf by:
S Zelicha
R Saban
Director
Director
E Swary
Director
Company Registration No. 13661739
Croydon Developments Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information
Croydon Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 James Street, London, United Kingdom, W1U 1DR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Stock
Stock includes the purchase cost of properties and costs related to proposed development work and is recorded at the lower of cost or net realisable value.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has only basic financial instruments measured at amortised cost.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
Croydon Developments Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 4
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
87,695
173,540
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
49,914
Other creditors
2,900
528,000
2,900
577,914
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
2024
2023
2024
2023
Preference share capital
Number
Number
£
£
Issued and fully paid
Preferred shares of £1 each
27,499,900
25,999,900
27,499,900
25,999,900
Preference shares classified as equity
27,499,900
25,999,900
Total equity share capital
27,500,000
26,000,000
6
Related party transactions
During the year the company received services from the parent company amounting to £220,000 (2023: £440,000). At the balance sheet date Croydon Developments Limited owed that company £nil (2023: £528,000).