Carman Developments Ltd 01/10/2021 iXBRL
Carman Developments Ltd 01/10/2021 iXBRL
Company registration number:
11717139
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Accountants |
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103-104 Walter Road | ||
Swansea | ||
SA1 5QF | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Carman Developments Ltd
Year ended 1 October 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Carman Developments Ltd for the year ended 1 October 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Carman Developments Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Carman Developments Ltd and state those matters that we have agreed to state to the board of directors of Carman Developments Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carman Developments Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Carman Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Carman Developments Ltd. You consider that Carman Developments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Carman Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Certified Accountants
103-104 Walter Road
Swansea
SA1 5QF
13 June 2022
Statement of financial position
1 October 2021
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Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Investments | 4 |
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Creditors: amounts falling due | |||||||||
within one year | 5 |
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Net current liabilities |
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Total assets less current liabilities |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders deficit |
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Directors responsibilities:
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The members have 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.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
13 June 2022
, and are signed on behalf of the board by:
Director
Director
Company registration number:
11717139
Notes to the financial statements
Year ended 1 October 2021
1.
General information
The company is a private company limited by shares, registered in Wales. The address of the registered office is 73a Newton Road, Mumbles, Swansea, SA3 4BL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Taxation
Fixed asset 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.
Impairment
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Investments
Other investments other than loans | Total | ||
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Cost | |||
At 2 October 2020 |
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Additions |
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At 1 October 2021 |
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Impairment | |||
At 2 October 2020 and 1 October 2021 | - | - | |
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Carrying amount | |||
At 1 October 2021 |
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At 1 October 2020 |
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5.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Other creditors |
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6.
Parent Undertakings
The ultimate parent company is Evan Rees Holdings Ltd, a company registered in Great Britain.