REGISTERED NUMBER: 15689235 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

29 APRIL 2024 TO 30 APRIL 2025

FOR

HERRINGBONE DEVELOPMENTS LTD

CURRENT ASSETS

Stocks

46,524

Debtors

7,659

Cash at bank

45,321

99,504

CREDITORS

Amounts falling due within one year

102,567

NET CURRENT LIABILITIES

(3,063

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,063

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(3,163

)

(3,063

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

All the members have consented to the preparation of an abridged Balance sheet for the period ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2025 and were signed by:

S F Smith - Director

1.	STATUTORY INFORMATION

Herringbone Developments Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 15689235 and the registered office is Towlers Court, 30A Elm Hill, Norwich, Norfolk, NR3 1HG.

The presentation currency of the financial statements is sterling (£).

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.

The financial statements have been prepared on a going concern basis, which relies on the continued support of the company’s creditors. The director believes this support will be maintained for at least 12 months from the date of approval.

Stocks and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value. The cost includes all direct costs related to development, such as materials, labour, and overheads necessary to bring the property to its current development stage. Net realisable value is the estimated selling price of the completed property minus costs to complete and selling expenses.

Costs are capitalised as WIP during development and recognised as sales revenue when the property is ready for sale. If WIP exceeds net realisable value, an impairment loss is recognised, and the asset is written down. Changes in cost estimates or development timelines are reviewed periodically, with adjustments made as necessary.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.