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Company No: 14463009 (England and Wales)

THE CIRCULAR ECONOMY DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

THE CIRCULAR ECONOMY DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

THE CIRCULAR ECONOMY DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 November 2024
THE CIRCULAR ECONOMY DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2024
Note 30.11.2024 30.11.2023
£ £
Current assets
Debtors 4 711,872 25,790
Cash at bank and in hand 249,666 ( 1)
961,538 25,789
Creditors: amounts falling due within one year 5 ( 51,786) ( 157,155)
Net current assets/(liabilities) 909,752 (131,366)
Total assets less current liabilities 909,752 (131,366)
Net assets/(liabilities) 909,752 ( 131,366)
Capital and reserves
Called-up share capital 6 1 1
Share premium account 400,004 0
Profit and loss account 509,747 ( 131,367 )
Total shareholders' funds/(deficit) 909,752 ( 131,366)

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Circular Economy Developments Limited (registered number: 14463009) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M G Andrade
Director

04 August 2025

THE CIRCULAR ECONOMY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
THE CIRCULAR ECONOMY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

The Circular Economy Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Year ended
30.11.2024
Period from
04.11.2022 to
30.11.2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 5 2

4. Debtors

30.11.2024 30.11.2023
£ £
Amounts owed by group undertakings 600 0
Other debtors 711,272 25,790
711,872 25,790

5. Creditors: amounts falling due within one year

30.11.2024 30.11.2023
£ £
Trade creditors 44,037 152,179
Other taxation and social security 167 0
Other creditors 7,582 4,976
51,786 157,155

6. Called-up share capital

30.11.2024 30.11.2023
£ £
Allotted, called-up and fully-paid
1,044 Ordinary shares of £ 0.001 each (30.11.2023: 100 shares of £ 0.01 each) 1 1

During the year the £0.01p shares were sub-divided into £ 0.001p shares. A further 44 ordinary shares of £0.001p shares were issued at a premium for cash consideration.