ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 10891352

CHRODA DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

CHRODA DEVELOPMENTS LIMITED

REGISTERED NUMBER: 10891352

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2025

		2025		2024
Note		£		£


Current assets
Stocks		1,167,958		1,322,903
Debtors: amounts falling due after more than one year	4	38,818		-
Debtors: amounts falling due within one year	4	298,297		149,251
Cash at bank and in hand	5	69,633		61,022
		1,574,706		1,533,176
Creditors: amounts falling due within one year	6	(460,782)		(385,283)
Net current assets			1,113,924		1,147,894
Total assets less current liabilities			1,113,924		1,147,894
Creditors: amounts falling due after more than one year	7		(626,293)		(631,890)

Net assets			487,631		516,004

Capital and reserves
Called up share capital	2	2
Profit and loss account	487,629	516,002
	487,631	516,004

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CHRODA DEVELOPMENTS LIMITED

REGISTERED NUMBER: 10891352

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr C Tushingham

Director

Date: 28 July 2026

The notes on pages 3 to 7 form part of these financial statements.

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CHRODA DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	General information

The company is a private company limited by shares, which is incorporated under the Companies Act
2006 and registered in England & Wales (no. 10891352). The registered office is Suite 205 Second Floor, No 1 Old Hall Street, Liverpool, Merseyside, England, L3 9GH.

These financial statements present information about the company as an individual undertaking. The
principal activity of the company is that of real estate development.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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CHRODA DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

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CHRODA DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

4.	Debtors
		2025	2024
		£	£

Due after more than one year
Other debtors	38,818	-
	38,818	-

					2025	2024
					£	£

Due within one year
Other debtors	298,297	149,251
	298,297	149,251

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	69,633	61,022
	69,633	61,022

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	5,593	5,455
Corporation tax	55,623	30,994
Other taxation and social security	15,024	15,024
Other creditors	373,996	324,062
Accruals and deferred income	10,546	9,748
	460,782	385,283

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CHRODA DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	23,293	28,890
Other loans	603,000	603,000
	626,293	631,890

The following liabilities were secured:
	2025	2024
	£	£


Other loans	603,000	603,000
	603,000	603,000

Details of security provided:

Other loans are secured by a fixed charge held against the investment property in the company.

Amounts falling due within one year
Bank loans	5,593	5,455
Amounts falling due 1-2 years
Bank loans	5,734	5,596
Amounts falling due 2-5 years
Bank loans	17,559	17,641
Amounts falling due after more than 5 years
Bank loans	-	5,653
Other loans	603,000	603,000
	631,886	637,345

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CHRODA DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

9.	Related party transactions
	Included in debtors ands creditors are the following amounts due from / (to) related parties at the balance sheet date:

		2025	2024
		£	£

C Tushingham	120,296	123,016
L & T Facilities Management Ltd	(323,996)	(323,996)
Chroda Limited	240	(66)
Mancunian Works Ltd	154,760	-

C Tushingham is the director.

L & T Facilities Management Ltd, Chroda Limited and Mancunian Works Ltd are connected companies.

10.	Controlling party

The company is under the control of the director.

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