Clifford Green Developments Limited - Accounts to registrar (filleted) - small 18.2

Clifford Green Developments Limited - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Productionv20.1.0.635SC549200Board of Directors1.12.1830.11.1930.11.1900falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5492002018-11-30SC5492002019-11-30SC5492002018-12-012019-11-30SC5492002017-11-30SC5492002017-12-012018-11-30SC5492002018-11-30SC549200ns15:Scotland2018-12-012019-11-30SC549200ns14:PoundSterling2018-12-012019-11-30SC549200ns10:Director12018-12-012019-11-30SC549200ns10:PrivateLimitedCompanyLtd2018-12-012019-11-30SC549200ns10:SmallEntities2018-12-012019-11-30SC549200ns10:AuditExempt-NoAccountantsReport2018-12-012019-11-30SC549200ns10:SmallCompaniesRegimeForDirectorsReport2018-12-012019-11-30SC549200ns10:SmallCompaniesRegimeForAccounts2018-12-012019-11-30SC549200ns10:FullAccounts2018-12-012019-11-30SC549200ns10:Director22018-12-012019-11-30SC549200ns10:Director32018-12-012019-11-30SC549200ns10:Director42018-12-012019-11-30SC549200ns10:CompanySecretary12018-12-012019-11-30SC549200ns10:RegisteredOffice2018-12-012019-11-30SC549200ns5:CurrentFinancialInstruments2019-11-30SC549200ns5:CurrentFinancialInstruments2018-11-30SC549200ns5:ShareCapital2019-11-30SC549200ns5:ShareCapital2018-11-30SC549200ns5:RetainedEarningsAccumulatedLosses2019-11-30SC549200ns5:RetainedEarningsAccumulatedLosses2018-11-30SC549200ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-11-30SC549200ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-11-30SC549200ns5:Secured2019-11-30SC549200ns5:Secured2018-11-30SC549200ns10:Director222018-11-30SC549200ns10:Director222017-11-30SC549200ns10:Director222018-12-012019-11-30SC549200ns10:Director222017-12-012018-11-30SC549200ns10:Director222019-11-30SC549200ns10:Director222018-11-30SC5492003ns10:Director32018-11-30SC5492003ns10:Director32017-11-30SC5492003ns10:Director32018-12-012019-11-30SC5492003ns10:Director32017-12-012018-11-30SC5492003ns10:Director32019-11-30SC5492003ns10:Director32018-11-30
REGISTERED NUMBER: SC549200(Scotland)




















Clifford Green Developments Limited

Unaudited Financial Statements

for the Year Ended 30 November 2019






Clifford Green Developments Limited (Registered number: SC549200)






Contents of the Financial Statements
for the Year Ended 30 November 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clifford Green Developments Limited

Company Information
for the Year Ended 30 November 2019







DIRECTORS: A Wilkie
I Wilkie
K Murdoch
J Wilkie



SECRETARY: K Murdoch



REGISTERED OFFICE: 3 Forth Street Lane
North Berwick
East Lothian
EH39 4JB



REGISTERED NUMBER: SC549200(Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: The Royal Bank of Scotland
12 Westgate
North Berwick
EH39 4AF

Clifford Green Developments Limited (Registered number: SC549200)

Balance Sheet
30 November 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Stocks 988,837 721,924
Debtors 4 34,276 50,237
Cash at bank 9,933 138,982
1,033,046 911,143
CREDITORS
Amounts falling due within one year 5 731,809 549,146
NET CURRENT ASSETS 301,237 361,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,237

361,997

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 301,137 361,897
301,237 361,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 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.

Clifford Green Developments Limited (Registered number: SC549200)

Balance Sheet - continued
30 November 2019


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2020
and were signed on its behalf by:





K Murdoch- Director


Clifford Green Developments Limited (Registered number: SC549200)

Notes to the Financial Statements
for the Year Ended 30 November 2019

1. STATUTORY INFORMATION

Clifford Green Developments Limited is a private company, limited by shares, registered in
Scotland. The company's registered number and registered office address can be found on the
Company Information page.

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 represents residential property development and sales, excluding value added tax, and is
recognised with reference to completion date.

Stocks
Stock represents the work in progress incurred on development properties. Properties in progress
at the year end are stated at realisable value, which takes into account any provisions for future
losses.

Taxation
Taxation for the year 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 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.

Clifford Green Developments Limited (Registered number: SC549200)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2019

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.

All loans with related parties are repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 34,276 50,237

The directors current accounts were repaid within 9 months of the year end.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 665,459 431,426
Trade creditors - 1,411
Taxation and social security - 84,959
Other creditors 66,350 31,350
731,809 549,146

6. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank loans 665,459 431,426

Clifford Green Developments Limited (Registered number: SC549200)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2019

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended
30 November 2019 and 30 November 2018:

2019 2018
£    £   
A Wilkie
Balance outstanding at start of year 25,000 -
Amounts advanced 10,000 25,000
Amounts repaid (25,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 25,000

I Wilkie
Balance outstanding at start of year 25,000 -
Amounts advanced 10,000 25,000
Amounts repaid (25,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 25,000

The directors current accounts were repaid within 9 months of the year end.