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Company No: 11534503 (England and Wales)

# CHERWYN DEVELOPMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

CHERWYN DEVELOPMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

CHERWYN DEVELOPMENTS LIMITED

## BALANCE SHEET

As at 30 September 2025
CHERWYN DEVELOPMENTS LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 35,925 |  | 31,650
|  | 35,925 |  | 31,650
Current assets |  |  |  |
Stocks | 4 | 1,825,466 |  | 2,206,673
Debtors | 5 | 779,362 |  | 53,124
Cash at bank and in hand |  | 428,817 |  | 164,757
|  | 3,033,645 |  | 2,424,554
Creditors: amounts falling due within one year | 6 | ( 2,466,929) |  | ( 1,910,899)
Net current assets |  | 566,716 |  | 513,655
Total assets less current liabilities |  | 602,641 |  | 545,305
Provision for liabilities |  | ( 8,936) |  | 0
Net assets |  | 593,705 |  | 545,305
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 593,605 |  | 545,205
Total shareholders' funds |  | 593,705 |  | 545,305

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Cherwyn Developments Limited (registered number: 11534503) were approved and authorised for issue by the Board of Directors on 05 January 2026. They were signed on its behalf by:

C Winter Director |

CHERWYN DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
CHERWYN DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Cherwyn Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Change in accounting policies

This is the first year that the financial statements have been prepared under Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

##### Prior year adjustment

As a result of the company's adoption of FRS 102 Section 1A, a restatement would be required for any material provision of Deferred Tax. However, the amount of deferred tax calculated is not deemed to be material against parameters and therefore no restatements have been made to the accounts.

##### Turnover

Turnover and costs arising from construction contracts are recognised in the profit and loss when the outcome of a contruction contract can be estimated reliably. Both turnover and expenses are measured by reference to the stage of completion of the contract.
Turnover is recognised on the sales completion date for housing developments and as the contract activity progresses for contracted work.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 5 years straight line
Vehicles | 5 years straight line
Office equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 4

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 October 2024 | 59,195 |  | 41,951 |  | 1,890 |  | 103,036
Additions | 0 |  | 23,024 |  | 517 |  | 23,541
At 30 September 2025 | 59,195 |  | 64,975 |  | 2,407 |  | 126,577
Accumulated depreciation |  |  |  |  |  |  |
At 01 October 2024 | 40,325 |  | 29,397 |  | 1,664 |  | 71,386
Charge for the financial year | 10,564 |  | 8,548 |  | 154 |  | 19,266
At 30 September 2025 | 50,889 |  | 37,945 |  | 1,818 |  | 90,652
Net book value |  |  |  |  |  |  |
At 30 September 2025 | 8,306 |  | 27,030 |  | 589 |  | 35,925
At 30 September 2024 | 18,870 |  | 12,554 |  | 226 |  | 31,650

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Work in progress | 1,825,466 |  | 2,206,673

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 19,093 |  | 44,185
Other debtors | 760,269 |  | 8,939
| 779,362 |  | 53,124

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 0 |  | 6,898
Taxation and social security | 18,894 |  | ( 492)
Other creditors | 2,448,035 |  | 1,904,493
| 2,466,929 |  | 1,910,899