REGISTERED NUMBER: 03480323 (England and Wales)

Teesdale Development Company Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D S McKnight

A M Dinwiddie

JC Simpson

J Atkinson

E Henderson

P E Dixon

C J Perrry

SECRETARY:

L Todhunter

REGISTERED OFFICE:

Enterprise House

Harmire Enterprise Park

Barnard Castle

Co Durham

DL12 8XT

REGISTERED NUMBER:

03480323 (England and Wales)

ACCOUNTANTS:

Addison & Co

Ebor House

91 Galgate

Barnard Castle

Co Durham

DL12 8ES

FIXED ASSETS

Tangible assets

4

250,585

267,405

CURRENT ASSETS

Debtors

5

2,772

2,950

Cash at bank and in hand

40,414

45,330

43,186

48,280

CREDITORS

Amounts falling due within one year

6

8,404

8,530

NET CURRENT ASSETS

34,782

39,750

TOTAL ASSETS LESS CURRENT LIABILITIES

285,367

307,155

CREDITORS

Amounts falling due after more than one year

7

219,229

234,424

NET ASSETS

66,138

72,731

RESERVES

Income and expenditure account

8

66,138

72,731

66,138

72,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

P E Dixon - Director

1.	STATUTORY INFORMATION

Teesdale Development Company Limited is a private company, limited by guarantee , 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.

Buildings

-

2% on cost

Managed workspace

-

2% on cost

Access for All

-

2% on cost

Furniture & fixtures

-

33% on reducing balance

Office & computer equipment

-

25% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Managed

Access

Buildings

workspace

for All

£

£

£

COST

At 1 April 2024

and 31 March 2025

432,247

265,318

70,851

DEPRECIATION

At 1 April 2024

272,247

206,423

22,635

Charge for year

10,000

5,306

1,417

At 31 March 2025

282,247

211,729

24,052

NET BOOK VALUE

At 31 March 2025

150,000

53,589

46,799

At 31 March 2024

160,000

58,895

48,216

Office &

Furniture

computer

& fixtures

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

37,095

116,075

921,586

DEPRECIATION

At 1 April 2024

36,801

116,075

654,181

Charge for year

97

-

16,820

At 31 March 2025

36,898

116,075

671,001

NET BOOK VALUE

At 31 March 2025

197

-

250,585

At 31 March 2024

294

-

267,405

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,300

2,638

Tax

58

-

Prepayments

414

312

2,772

2,950

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

6,502

6,605

Corporation tax

-

58

Social security and other taxes

122

134

VAT

1,780

1,733

8,404

8,530

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Grants Received

219,229

234,424

8.

RESERVES

Income

and

expenditure

account

£

At 1 April 2024

72,731

Deficit for the year

(6,593

)

At 31 March 2025

66,138

9.	SHARE CAPITAL

The company is limited by guarantee and does not have a share capital. Every member of the association undertakes to contribute to the assets of the association, in the event of the same being wound up,or within one year after he ceases to be a member,for payment of the debts and liabilities of the association contracted before he ceases to be a member,and of the costs charges and expenses of winding up,and for the adjustment of the rights of the contributors among themselves,such amount as may be required not exceeding £1. All Directors are members of the Association.