Discover Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13674775

Discover Developments Limited

Unaudited financial statements

30 November 2024

Discover Developments Limited

Statement of financial position

30 November 2024

	2024		2023
Note	£	£	£	£

Current assets

Debtors	5	46,329	90,000
Cash at bank and in hand		27	765
		-------	-------
		46,356	90,765

Creditors: Amounts falling due within one year	6	( 56,547)		( 66,166)
		-------		-------
Net current (liabilities)/assets			( 10,191)		24,599
			-------		-------
Total assets less current liabilities			( 10,191)		24,599
			-------		-------
Net (liabilities)/assets			( 10,191)		24,599
			-------		-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 10,193)	24,597
	-------	-------
Shareholders (deficit)/funds	( 10,191)	24,599
	-------	-------

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 income statement has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act 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 7 November 2025 , and are signed on behalf of the board by:

R Foster
Director

Company registration number: 13674775

Discover Developments Limited

Notes to the financial statements

Year ended 30 November 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 2 Telford Way, Thetford, Norfolk, IP24 1HU.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4. Employee numbers

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

5. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	41,000	–
Other debtors	5,329	90,000
	-------	-------
	46,329	90,000
	-------	-------

6. Creditors: Amounts falling due within one year

	2024	2023
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	4,049
Social security and other taxes	–	5,770
Other creditors	56,547	56,347
	-------	-------
	56,547	66,166
	-------	-------