40 New Exeter Street Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 13527426 (England and Wales)

Unaudited Financial Statements

for the Period 23 July 2021 to 31 March 2022

for

40 New Exeter Street Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Stocks

427,467

Debtors

4

1,257

Cash at bank

10,231

438,955

CREDITORS

Amounts falling due within one year

5

446,801

NET CURRENT LIABILITIES

(7,846

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,846

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(7,848

)

(7,846

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 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 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 24 August 2022 and were signed on its behalf by:

K German - Director

1.	STATUTORY INFORMATION

40 New Exeter Street Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13527426

Registered office:

Lower Bramble Farm

Chudleigh

Newton Abbot

TQ13 0DU

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.

Stocks and work in progress

Stock represents land held for development purposes and includes initial purchase price and all associated costs relating to the purchase.

Work in progress represents the development costs including direct materials and direct labour costs and those overheads which have been incurred in bringing the developments to their present condition.

Provision is made where the net realisable value is expected to be less than cost.

Going concern - financial support

In the opinion of the director, continued financial support will be available such that the company will continue trading and satisfy financial commitments.

On the basis of this opinion, the financial statements have been prepared on a going concern basis. If, for whatever reason, the financial support is not forthcoming, then this basis may be inappropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

1

Other debtors

1,256

1,257

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

4,366

Amounts owed to group undertakings

439,379

Taxation and social security

2,006

Other creditors

1,050

446,801