REGISTERED NUMBER: 06806338 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CASPIAN DEVELOPMENTS LTD

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

83,277

15,956

Current assets

Stocks

2,239,012

2,281,628

Debtors

5

440,969

483,785

Cash at bank

754,859

634,868

3,434,840

3,400,281

Creditors

Amounts falling due within one year

6

1,559,003

1,412,703

Net current assets

1,875,837

1,987,578

Total assets less current liabilities

1,959,114

2,003,534

Creditors

Amounts falling due after more than one year

7

(17,044

)

-

Provisions for liabilities

9

(15,561

)

(3,989

)

Net assets

1,926,509

1,999,545

Capital and reserves

Called up share capital

10

125

125

Retained earnings

1,926,384

1,999,420

Shareholders' funds

1,926,509

1,999,545

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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

Mr S Seyed-Rezai - Director

1.	Statutory information

Caspian Developments Limited is a private company, limited by shares, incorporated in England within the United Kingdom registration number 06806338. The registered office address is Faulkner House, 31 West Street, Wimborne, Dorset, BH21 1JS and the business address is Campden House, Ringwood Road, Burley, Hampshire, BH24 4BU.

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.

Preparation of consolidated financial statements

The financial statements present information about Caspian Developments Limited as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Turnover

Turnover from land and property in respect of the total proceeds of building and development is recognised at legal completion and represents the amounts receivable for the property, net of discounts and VAT.

Turnover from services and general maintenance work is recognised when the service has been performed and represents amounts receivable net of discounts and VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work In Progress is valued at the lower of cost and net realisable value and represents land held for development including land in the course of development which until legal completion for the sale of the asset is recorded at cost. Cost comprises direct costs including, where applicable, direct labour costs and overheads, not including any general administrative overheads, that have been incurred in bringing the asset to the condition and location as recorded at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 that have been enacted or substantively enacted by the balance sheet date.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 5 (2024 - 5 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 April 2024

76,056

4,239

37,895

118,190

Additions

-

150

98,665

98,815

Disposals

-

-

(37,895

)

(37,895

)

At 31 March 2025

76,056

4,389

98,665

179,110

Depreciation

At 1 April 2024

64,351

3,722

34,161

102,234

Charge for year

2,927

167

24,666

27,760

Eliminated on disposal

-

-

(34,161

)

(34,161

)

At 31 March 2025

67,278

3,889

24,666

95,833

Net book value

At 31 March 2025

8,778

500

73,999

83,277

At 31 March 2024

11,705

517

3,734

15,956

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

Additions

33,478

At 31 March 2025

33,478

Depreciation

Charge for year

8,369

At 31 March 2025

8,369

Net book value

At 31 March 2025

25,109

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

7,667

9

Amounts owed by group undertakings

414,487

474,287

Other debtors

26

1,526

Tax

11,519

-

VAT

5,904

1,981

Prepayments and accrued income

1,366

5,982

440,969

483,785

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

6,723

-

Trade creditors

130,653

8,572

Amounts owed to group undertakings

1,366,476

1,384,605

Tax

-

11,519

Social security and other taxes

43

372

Other creditors

51,483

1,693

Directors' current accounts

-

2,492

Accruals and deferred income

3,625

3,450

1,559,003

1,412,703

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

17,044

-

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

23,767

-

Amounts owed under hire purchase are secured against the assets to which they relate.

9.	Provisions for liabilities

2025

2024

£

£

Deferred tax

15,561

3,989

Deferred

tax

£

Balance at 1 April 2024

3,989

Charge to Statement of comprehensive income during year

11,572

Property revaluation

Balance at 31 March 2025

15,561

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

99

Ordinary A

£1

99

99

26

Ordinary B

£1

26

26

125

125

11.	Ultimate controlling party

The company is controlled by the director, Mr S Seyed-Rezai, by virtue of his 100% ownership of the voting share capital of the parent company, Caspian Holdings (UK) Limited.