Eden Projects And Developments Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11221436 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

EDEN PROJECTS AND DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D C Humberstone

REGISTERED OFFICE:

Unit 2d, Shortwood Court Shortwood Busin

Hoyland

Barnsley

South Yorkshire

S74 9LH

REGISTERED NUMBER:

11221436 (England and Wales)

ACCOUNTANTS:

Marriott Gibbs Rees Wallis Limited

Chartered Certified Accountants

First Floor

Unit 4, Broadfield Court

Sheffield

South Yorkshire

S8 0XF

CURRENT ASSETS

Stocks

202,171

1,053,820

Debtors

4

35,510

16,441

Cash at bank

90,167

42,969

327,848

1,113,230

CREDITORS

Amounts falling due within one year

5

165,638

1,056,004

NET CURRENT ASSETS

162,210

57,226

TOTAL ASSETS LESS CURRENT LIABILITIES

162,210

57,226

CREDITORS

Amounts falling due after more than one year

6

32,499

42,500

NET ASSETS

129,711

14,726

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

129,611

14,626

129,711

14,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 November 2022 and were signed by:

D C Humberstone - Director

1.	STATUTORY INFORMATION

Eden Projects And 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.

Turnover

Turnover represents net amounts invoiced, excluding value added tax, in respect of the sale of property developments and related services.

Stocks

Stocks comprise of property developments in progress and completed property developments held for sale. These are stated at cost less, if appropriate foreseeable losses.

Interest on property development loan finance is accounted for as an expense of the period in which it is incurred. Rental income receivable attributable to completed properties held for sale is credited to the profit and loss account in the period in which it arises.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

12,300

8,892

Other debtors

12,911

4,907

Directors' current accounts

9,482

-

VAT

817

2,642

35,510

16,441

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

15,001

33,042

Corporation tax

23,844

-

Other creditors

126,793

929,345

Directors' current accounts

-

93,617

165,638

1,056,004

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

32,499

42,500

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2022 and 28 February 2021:

2022

2021

£

£

D C Humberstone

Balance outstanding at start of year

-

-

Amounts advanced

9,482

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,482

-