Cullinan Developments Limited - Accounts to registrar (filleted) - small 23.1.2
Cullinan Developments Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 |
| FOR |
| CULLINAN DEVELOPMENTS LIMITED |
| CULLINAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11617773) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| CULLINAN DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| CULLINAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11617773) |
| BALANCE SHEET |
| 31 OCTOBER 2022 |
| 31/10/22 | 31/10/21 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| CULLINAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11617773) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2022 |
| 1. | STATUTORY INFORMATION |
| Cullinan Developments Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. | FIXED ASSET INVESTMENTS |
| Unlisted |
| investments |
| £ |
| COST |
| At 1 November 2021 |
| and 31 October 2022 |
| NET BOOK VALUE |
| At 31 October 2022 |
| At 31 October 2021 |
| CULLINAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11617773) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2022 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Harpal House 14 Holyhead Road, Handsworth, Birmingham, West Midlands, England, B21 0LT |
| Nature of business: |
| % |
| Class of shares: | holding |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/10/22 | 31/10/21 |
| £ | £ |
| Mulsanne Developments Ltd | 1,212,361 | 1,025,711 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/10/22 | 31/10/21 |
| £ | £ |
| Bank loans and overdrafts (see note 7) |
| Trade creditors |
| Tax |
| Lioncrest Ltd | 256,000 | 134,000 |
| Black Country Developments Ltd | 388,300 | 332,000 |
| Sandon Investments Ltd | 5,000 | - |
| Directors' current accounts | 17,800 | 17,800 |
| Accrued expenses |
| 7. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31/10/22 | 31/10/21 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/10/22 | 31/10/21 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| Cumulative redeemable preferen | £1 | 500,000 | 500,000 |
| 501,000 | 501,000 |
| CULLINAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11617773) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2022 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 November 2021 | ( |
) |
| Profit for the year |
| At 31 October 2022 |