REGISTERED NUMBER: 04961338 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

C.Y. DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S B Causer

Mr M Young

SECRETARY:

Mr M Young

REGISTERED OFFICE:

Oakley

Oakhanger Road

Kingsley

Hampshire

GU35 9JP

REGISTERED NUMBER:

04961338 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

57,335

45,503

Investment property

5

891,991

817,232

949,326

862,735

CURRENT ASSETS

Debtors

6

559,555

754,227

Cash at bank and in hand

661

346

560,216

754,573

CREDITORS

Amounts falling due within one year

7

84,727

85,922

NET CURRENT ASSETS

475,489

668,651

TOTAL ASSETS LESS CURRENT LIABILITIES

1,424,815

1,531,386

CREDITORS

Amounts falling due after more than one year

8

(137,534

)

(131,128

)

PROVISIONS FOR LIABILITIES

(2,547

)

(2,547

)

NET ASSETS

1,284,734

1,397,711

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

1,284,634

1,397,611

SHAREHOLDERS' FUNDS

1,284,734

1,397,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 21 August 2025 and were signed on its behalf by:

Mr M Young - Director

Mr S B Causer - Director

1.	STATUTORY INFORMATION

C.y. 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 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2023

983

44,999

1,083

47,065

Additions

-

24,999

-

24,999

At 31 October 2024

983

69,998

1,083

72,064

DEPRECIATION

At 1 November 2023

354

937

271

1,562

Charge for year

125

12,839

203

13,167

At 31 October 2024

479

13,776

474

14,729

NET BOOK VALUE

At 31 October 2024

504

56,222

609

57,335

At 31 October 2023

629

44,062

812

45,503

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

817,232

Additions

74,759

At 31 October 2024

891,991

NET BOOK VALUE

At 31 October 2024

891,991

At 31 October 2023

817,232

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Amounts owed by group undertakings

476,207

723,843

Other debtors

33,348

30,384

Directors' current accounts

50,000

-

559,555

754,227

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

19,344

16,117

Hire purchase contracts

13,250

7,000

Trade creditors

1,556

1,559

Amounts owed to group undertakings

14,941

3,500

Tax

16,372

23,516

VAT

7,779

21,572

Other creditors

8,985

11,401

Directors' current accounts

-

257

Accrued expenses

2,500

1,000

84,727

85,922

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans - 1-2 years

7,124

7,124

Bank loans - 2-5 years

21,372

21,372

Bank loans more 5 yr by instal

71,435

75,216

Hire purchase contracts

37,603

27,416

137,534

131,128

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

71,435

75,216

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.24

31.10.23

value:

£

£

100

ordinary shares

1

100

100