Cowbridge Developments (Hertford) Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08822199 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

Cowbridge Developments (Hertford)

Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J H Williamson

G R Dale

REGISTERED OFFICE:

11 Windhill

Bishops Stortford

Hertfordshire

CM23 2ND

REGISTERED NUMBER:

08822199 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

CURRENT ASSETS

Stocks

1,631,535

1,622,115

Debtors

1,703

-

Cash at bank

-

3,891

1,633,238

1,626,006

CREDITORS

Amounts falling due within one year

1,772,253

1,708,328

NET CURRENT LIABILITIES

(139,015

)

(82,322

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(139,015

)

(82,322

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Retained earnings

(139,016

)

(82,323

)

SHAREHOLDERS' FUNDS

(139,015

)

(82,322

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 June 2023 and were signed on its behalf by:

J H Williamson - Director

1.	STATUTORY INFORMATION

Cowbridge Developments (Hertford) 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

Going concern

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.

The company will continue to be provided with financial support by its parent company.The directors envisage, therefore, that the company shall continue to trade as a going concern for the period of at least one year and one day from the balance sheet date. In light of this support, the financial statements have been prepared on a going concern basis.

The financial statements have been prepared on a going concern basis. The Director considers this basis to be appropriate despite the fact that the balance sheet shows net current liabilities at 30 September 2022.

Should the company be unable to continue trading, adjustments would have been made to adjust the value of the assets to their recoverable amount, and to provide for any further liabilities which might arise.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Taxation

Taxation for the year 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.22

30.9.21

value:

£

£

1

Ordinary

1

1

1

5.

GUARANTEE

The company has guaranteed the £1,413,656 indebtedness of its parent company to Cadastra Ltd (2021 £1,337,856 then due to KUH Ltd) and has charged its property as security for that guarantee.