Accounts filed on 31-12-2015
Accounts filed on 31-12-2015
trueCyrus Developments Limited048483372015-12-3115357-3730615457-3720610010015457-37206266111627138912676573267668526738502673473581519583519325536932569921016111784324520832452082723321222371225002500Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company relies on the continued support of the shareholders and related parties to
enable it to continue normal trading activities, which the directors confirm will be made
available for the foreseeable future. The accounts are therefore prepared on a going
concern basis.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Plant & Machinery0.0000Motor Vehicles0.000017529252-75001529854060-707125002500425211752-750015298540-7071602661116271389116545611727920Ordinary1001100100Ordinary1100100100As at 31 December 2015 Mr. Whaley owed the company £6,579 on a Directors loan account. No interest has been charged on the loan in the period ended 31 December 2015 and the loan carries no fixed date for repayment.
As at 31 December 2015 Mr. Bennison was owed £263,098 on a Directors loan account. No interest has been charged on the loan in the period ended 31 December 2015 and the loan carries no fixed date for repayment.
As at 31 December 2015, the Company was owed £6,455 on an inter Company loan account with Point Northern Homes Limited, and owes £141,937 on an inter Company loan with Burn & Whitley Properties Limited.
Point Northern Homes Limited was charged interest of £552 per month on a loan of £85,000 made during a previous financial year. The total interest charged for the period ended 31 December 2015 is £6,624.
Mr. & Mrs. Whaley are Directors of Cyrus Developments Limited, Point Northern Homes Limited and Burn & Whitley Properties Limited. Mr. & Mrs. Bennison are Directors of Cyrus Developments Limited and Burn & Whitley Properties Limited2016-09-29Mrs. C. BennisonMr. P. BennisonDirectorMrs. A.J. WhaleyDirectorMr. S.J. WhaleyDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCyrus Developments Limited2015-01-012015-12-31Cyrus Developments Limited2014-01-012014-12-31Cyrus Developments Limited2013-12-31Cyrus Developments Limited2014-12-31Cyrus Developments Limited2014-12-31Cyrus Developments Limited2015-12-31 2016-09-29
