REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
18 OCTOBER 2021 TO 31 OCTOBER 2022 |
FOR |
CHERITON GARDENS DEVELOPMENTS 1 LIMITE | D |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
18 OCTOBER 2021 TO 31 OCTOBER 2022 |
FOR |
CHERITON GARDENS DEVELOPMENTS 1 LIMITE | D |
CHERITON GARDENS DEVELOPMENTS 1 LIMITED (REGISTERED NUMBER: 13685187) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 OCTOBER 2021 TO 31 OCTOBER 2022 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Report of the Accountants | 5 |
CHERITON GARDENS DEVELOPMENTS 1 LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 18 OCTOBER 2021 TO 31 OCTOBER 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
45 Queen Street |
Deal |
Kent |
CT14 6EY |
CHERITON GARDENS DEVELOPMENTS 1 LIMITED (REGISTERED NUMBER: 13685187) |
STATEMENT OF FINANCIAL POSITION |
31 OCTOBER 2022 |
Notes | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) |
The director acknowledges her 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
CHERITON GARDENS DEVELOPMENTS 1 LIMITED (REGISTERED NUMBER: 13685187) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 OCTOBER 2021 TO 31 OCTOBER 2022 |
1. | STATUTORY INFORMATION |
Cheriton Gardens Developments 1 Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
Other debtors |
Prepayments |
CHERITON GARDENS DEVELOPMENTS 1 LIMITED (REGISTERED NUMBER: 13685187) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 OCTOBER 2021 TO 31 OCTOBER 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
Accrued expenses |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans - 1-2 years |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans |
The loans are secured by way of a primary and secondary charge over land and property at 22 and 24 Cheriton Gardens, Folkestone, Kent. |
8. | RELATED PARTY DISCLOSURES |
During the year, loans totalling £66,600 were made to two companies controlled by the directors. Interest was charged and the loans are repayable on demand, |
During the year, expenses were paid on behalf of the company by a further two companies controlled by the directors totalling £1,696 and are repayable on demand. |
Loans made to the parent company are disclosed as appropriate in the financial statements. |
CHERITON GARDENS DEVELOPMENTS 1 LIMITED |
REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
CHERITON GARDENS DEVELOPMENTS 1 LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the period ended 31 October 2022 set out on pages one to nine and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
45 Queen Street |
Deal |
Kent |
CT14 6EY |