C.N. Developments Limited Filleted accounts for Companies House (small and micro)
C.N. Developments Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
NI032453
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
Investments |
4 |
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Current assets
Debtors |
5 |
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Cash at bank and in hand |
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------- |
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Creditors: amounts falling due within one year |
6 |
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------- |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholder funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
16 June 2022
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
NI032453
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Notes to the Financial Statements |
Year ended 30 June 2021
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 196 Seacon Road, Ballymoney, Co Antrim, BT53 6PZ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Consolidation
Revenue recognition
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
Financial instruments
4.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 1 July 2020 and 30 June 2021 |
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Impairment |
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At 1 July 2020 and 30 June 2021 |
– |
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Carrying amount |
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At 30 June 2021 |
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At 30 June 2020 |
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The company owns 100% of the issued share capital of the companies listed below. The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Aggregate capital and reserves
GF Construction Limited
£647,852,
Profit and (loss) for the year
GF Construction Limited
£116,162
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
5.
Debtors
2021 |
2020 |
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£ |
£ |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Other creditors |
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7.
Security
In February 2021 CN Developments Limited entered into a unlimited cross-company guarantee with GF Construction Limited, Veragh Developments Limited, Inver Properties Limited, Streamvale Developments Limited & Sharmont Properties Limited.
8.
Deferred tax
There are losses available to set against future profits but a deferred tax provision has not been recognised for this as it is not certain when profits might arise in the future.
9.
Related party transactions