0 4 July 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-31 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 12292928 2023-12-31 2024-12-30 12292928 2024-12-30 12292928 2023-12-30 12292928 2022-12-31 2023-12-30 12292928 2023-12-30 12292928 2022-12-30 12292928 bus:Director1 2023-12-31 2024-12-30 12292928 core:WithinOneYear 2024-12-30 12292928 core:WithinOneYear 2023-12-30 12292928 core:AfterOneYear 2024-12-30 12292928 core:AfterOneYear 2023-12-30 12292928 core:ShareCapital 2024-12-30 12292928 core:ShareCapital 2023-12-30 12292928 core:RetainedEarningsAccumulatedLosses 2024-12-30 12292928 core:RetainedEarningsAccumulatedLosses 2023-12-30 12292928 bus:SmallEntities 2023-12-31 2024-12-30 12292928 bus:Audited 2023-12-31 2024-12-30 12292928 bus:SmallCompaniesRegimeForAccounts 2023-12-31 2024-12-30 12292928 bus:PrivateLimitedCompanyLtd 2023-12-31 2024-12-30 12292928 bus:FullAccounts 2023-12-31 2024-12-30
COMPANY REGISTRATION NUMBER: 12292928
CLIMATE INNOVATION DISTRICT PHASE 1B LTD
FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 December 2024
CLIMATE INNOVATION DISTRICT PHASE 1B LTD
STATEMENT OF FINANCIAL POSITION
30 December 2024
2024
2023
Note
£
£
£
£
CURRENT ASSETS
Stocks
12,999,049
20,572,241
Debtors
4
8,095,398
12,574,166
Cash at bank and in hand
50,802
6,395
-------------
-------------
21,145,249
33,152,802
CREDITORS: amounts falling due within one year
5
( 6,718,480)
( 13,146,361)
-------------
-------------
NET CURRENT ASSETS
14,426,769
20,006,441
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
14,426,769
20,006,441
CREDITORS: amounts falling due after more than one year
6
( 13,654,864)
( 19,274,852)
-------------
-------------
NET ASSETS
771,905
731,589
-------------
-------------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
771,904
731,588
---------
---------
SHAREHOLDERS FUNDS
771,905
731,589
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 4 July 2025 , and are signed on behalf of the board by:
C A Thompson
Director
Company registration number: 12292928
CLIMATE INNOVATION DISTRICT PHASE 1B LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 DECEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Place, 4 Central Place, Clarence Road, Climate Innovation District, Leeds, LS10 1FB, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of development properties sold, exclusive of Value Added Tax.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.
4. DEBTORS
2024
2023
£
£
Trade debtors
4,258,531
24,507
Amounts owed by group undertakings and undertakings in which the company has a participating interest
3,833,000
12,067,093
Other debtors
3,867
482,566
------------
-------------
8,095,398
12,574,166
------------
-------------
5. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
638,254
11,924,156
Amounts owed to group undertakings and undertakings in which the company has a participating interest
5,235,884
1,076,500
Social security and other taxes
51,450
114,372
Other creditors
792,892
31,333
------------
-------------
6,718,480
13,146,361
------------
-------------
6. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
13,654,864
19,274,852
-------------
-------------
7. SUMMARY AUDIT OPINION
The auditor's report dated 4 July 2025 was unqualified .
The senior statutory auditor was JEFFREY WINE , for and on behalf of Wine & Co .