SDP Developments Limited - Accounts to registrar (filleted) - small 22.3

SDP Developments Limited - Accounts to registrar (filleted) - small 22.3

SDP DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 07315569 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2021 TO 30 MARCH 2022

FOR

SDP DEVELOPMENTS LIMITED
SDP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07315569)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2021 TO 30 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SDP DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2021 TO 30 MARCH 2022







DIRECTORS: J P Ball
M G De Bruxelles
M D Thompson
J M Sweeney
A Shepherd
G Shearing
E V Melfi





SECRETARY: E V Melfi





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 07315569 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW
Page 1
SDP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07315569)

BALANCE SHEET
30 MARCH 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 4 5,519,100 4,015,500
Cash at bank and in hand 28,203 46,306
5,547,303 4,061,806
CREDITORS
Amounts falling due within one year 5 (1,419,081 ) (787,759 )
NET CURRENT ASSETS 4,128,222 3,274,047
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,128,222
3,274,047

CREDITORS
Amounts falling due after more than one
year
6
(38,556
)
(42,500
)
NET ASSETS 4,089,666 3,231,547

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 4,089,566 3,231,447
SHAREHOLDERS' FUNDS 4,089,666 3,231,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 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 notes form part of these financial statements

Page 2 continued...
SDP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07315569)

BALANCE SHEET - continued
30 MARCH 2022


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2023 and were signed on its behalf by:





J P Ball - Director


The notes form part of these financial statements

Page 3
SDP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07315569)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2021 TO 30 MARCH 2022

1. STATUTORY INFORMATION

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost 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 profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period 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 balance sheet date.


Page 4 continued...
SDP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07315569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2021 TO 30 MARCH 2022

2. ACCOUNTING POLICIES - continued
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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2021 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors - 158,400
Amounts owed by group undertakings 4,497,000 3,596,000
Other debtors 1,022,100 261,100
5,519,100 4,015,500

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,686 7,500
Trade creditors 689,600 577,000
Taxation and social security 19,595 127,159
Other creditors 700,200 76,100
1,419,081 787,759

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 38,556 42,500

Page 5 continued...
SDP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07315569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2021 TO 30 MARCH 2022

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary A £1 100 100

8. RELATED PARTY DISCLOSURES

An amount of £4,497,000 (2021: £3,596,000) is owed from Bulland Limited at the period end, a wholly owned subsidiary.

Page 6