Madeley Developments Limited - Accounts to registrar (filleted) - small 18.2

Madeley Developments Limited - Accounts to registrar (filleted) - small 18.2

MADELEY DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 04833603 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2020

for

Madeley Developments Limited
Madeley Developments Limited (Registered number: 04833603)






Contents of the Financial Statements
for the Year Ended 31st March 2020




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Madeley Developments Limited

Company Information
for the Year Ended 31st March 2020







DIRECTORS: Mrs J M Ward
Mrs C M Crow
B McNulty FCCA
R A Ward





SECRETARY: Mrs J M Ward





REGISTERED OFFICE: Netherset Hey Farm
Netherset Lane
Madeley
Crewe
Cheshire
CW3 9PE





REGISTERED NUMBER: 04833603 (England and Wales)





ACCOUNTANTS: Hammond McNulty LLP
Bank House
Market Square
Congleton
Cheshire
CW12 1ET
Page 1
Madeley Developments Limited (Registered number: 04833603)

Abridged Statement of Financial Position
31st March 2020

31/3/20 31/3/19
Notes £    £    £    £   
FIXED ASSETS
Investments 4 58,646 78,419
Investment property 5 3,710,000 3,710,000
3,768,646 3,788,419

CURRENT ASSETS
Debtors 172,891 180,141
Cash at bank and in hand 582,480 410,480
755,371 590,621
CREDITORS
Amounts falling due within one year 83,160 100,598
NET CURRENT ASSETS 672,211 490,023
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,440,857
4,278,442

PROVISIONS FOR LIABILITIES 373,793 337,808
NET ASSETS 4,067,064 3,940,634

CAPITAL AND RESERVES
Called up share capital 50 50
Fair value reserve 1,657,305 1,713,063
Retained earnings 2,409,709 2,227,521
SHAREHOLDERS' FUNDS 4,067,064 3,940,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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.

The notes form part of these financial statements

Page 2 continued...
Madeley Developments Limited (Registered number: 04833603)

Abridged Statement of Financial Position - continued
31st March 2020


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 12th October 2020 and
were signed on its behalf by:




Mrs J M Ward - Director B McNulty FCCA - Director




R A Ward - Director Mrs C M Crow - Director


The notes form part of these financial statements

Page 3
Madeley Developments Limited (Registered number: 04833603)

Notes to the Financial Statements
for the Year Ended 31st March 2020

1. STATUTORY INFORMATION

Madeley Developments Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, and
directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted
amount of cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised costs are assessed at the end of each reporting period for
objective evidence of impairment, If objective evidence of impairment is found, an impairment loss is recognised
in the Statement of changes in Equity.

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 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 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.

Revenue recognition
Rental income is recognised on the accruals basis and therefore deferred when invoiced in advance.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

Page 4 continued...
Madeley Developments Limited (Registered number: 04833603)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2020

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st April 2019 78,419
Revaluations (19,773 )
At 31st March 2020 58,646
NET BOOK VALUE
At 31st March 2020 58,646
At 31st March 2019 78,419

Cost or valuation at 31st March 2020 is represented by:
Totals
£   
Valuation in 2015 23,278
Valuation in 2016 (18,709 )
Valuation in 2017 9,727
Valuation in 2018 9,153
Valuation in 2019 4,970
Valuation in 2020 (19,773 )
Cost 50,000
58,646

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2019
and 31st March 2020 3,710,000
NET BOOK VALUE
At 31st March 2020 3,710,000
At 31st March 2019 3,710,000

The investment property has been revalued by the directors.

Fair value at 31st March 2020 is represented by:

£   
Valuation in 2011 306,824
Valuation in 2015 2,022,451
Cost 1,380,725
3,710,000

Page 5