29CR DEVELOPMENT LTD
29CR DEVELOPMENT LTD
Registered number: 10757295
Unaudited Financial Statements
For the Period 5 May 2017 to 31 May 2018
Optimise Accountants Limited
29CR DEVELOPMENT LTD
Unaudited Financial Statements
For the Period 5 May 2017 to 31 May 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3—4 |
29CR DEVELOPMENT LTD
Balance Sheet
As at
31 May 2018
Balance Sheet
Registered number:
10757295
For the period ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| Period to 31 May 2018 | |||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Stocks | 3 |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (35,542) | ||
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Page 1
29CR DEVELOPMENT LTD
Balance Sheet (continued)
As at
31 May 2018
The notes on pages 3 to 4 form part of these financial statements.
Page 2
29CR DEVELOPMENT LTD
Notes to the Financial Statements
For the Period 5 May 2017 to 31 May 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.3.
Basis of Trade
The company is a trading company.
The company is engaged in the trade of acquiring, developing/renovating and selling property. As a temporary contingency, in certain cases the company will temporarily let the properties on assured short-hold tenancies pending an appropriate opportunity to sell. The properties are intended for sale after renovation, and not for long-term letting. In addition, on occasions, where the property is already let on acquisition, the company may need to honour existing AST contracts until the correct notice has been served before development can commence.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
3.
Stocks
| Period to 31 May 2018 | |
|---|---|
| £ | |
| Stock - materials and work in progress | 612,507 |
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4.
Debtors
| Period to 31 May 2018 | |
|---|---|
| £ | |
| Due within one year | |
| Amounts owed by group undertakings |
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5.
Creditors: Amounts Falling Due Within One Year
| Period to 31 May 2018 | |
|---|---|
| £ | |
| Other creditors |
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| Amounts owed to group undertakings |
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29CR DEVELOPMENT LTD
Notes to the Financial Statements (continued)
For the Period 5 May 2017 to 31 May 2018
6.
Creditors: Amounts Falling Due After More Than One Year
| Period to 31 May 2018 | |
|---|---|
| £ | |
| Mortgage |
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| Other loans |
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8.
General Information
29CR DEVELOPMENT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10757295 . The registered office is C/O Optimise Accountants Limited, Unit 3, Jubilee House, 31-33 Meadow Lane, Long Eaton, Nottinghamshire, NG10 2FE.
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