REGISTERED NUMBER: 09584484

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Common Development Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

45,406

52,442

Current assets

Debtors

5

111,105

60,514

Cash at bank

183,332

93,852

294,437

154,366

Creditors

Amounts falling due within one year

6

103,077

51,763

Net current assets

191,360

102,603

Total assets less current liabilities

236,766

155,045

Creditors

Amounts falling due after more than one year

7

2,118

10,381

Net assets

234,648

144,664

Capital and reserves

Called up share capital

100

100

Retained earnings

234,548

144,564

Shareholders' funds

234,648

144,664

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 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 2 December 2025 and were signed on its behalf by:

S C Sanham - Director

1.	Statutory information

Common Development Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address are as below:

Registered number:

09584484

Registered office:

Pound House

62a Highgate High Street

London

N6 5HX

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.

Motor vehicles

-

10% on cost

Computer equipment

-

20% on cost

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.

3.	Employees and directors

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

4.	Tangible fixed assets

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2024

63,160

5,419

68,579

Additions

-

115

115

At 31 March 2025

63,160

5,534

68,694

Depreciation

At 1 April 2024

12,632

3,505

16,137

Charge for year

6,316

835

7,151

At 31 March 2025

18,948

4,340

23,288

Net book value

At 31 March 2025

44,212

1,194

45,406

At 31 March 2024

50,528

1,914

52,442

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

72,000

20,400

Amounts owed by associates

24,822

24,822

Other debtors

5,677

14,591

Directors' current accounts

264

-

Prepayments

8,342

701

111,105

60,514

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

8,263

7,878

Trade creditors

-

1,203

Corporation tax

54,666

-

VAT

37,298

7,588

Other creditors

-

8,514

Accruals and deferred income

2,850

26,580

103,077

51,763

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

2,118

10,381

8.	Ultimate controlling party

The controlling party is Sanham Projects Ltd.

The ultimate controlling party is S C Sanham.