Identified Developments Ltd Small abridged accounts

IDENTIFIED DEVELOPMENTS LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Identified Developments Ltd have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 07555430

Identified Developments Ltd

Filleted Unaudited Abridged Financial Statements

31 March 2017

Identified Developments Ltd

Abridged Financial Statements

Year ended 31 March 2017

Contents	Page

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory abridged financial statements	1

Abridged statement of financial position	2

Notes to the abridged financial statements	3

Identified Developments Ltd

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of Identified Developments Ltd

Year ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Identified Developments Ltd for the year ended 31 March 2017, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.

REARDON & CO LTD Chartered accountant

Ash House Breckenwood Road Fulbourn Cambridge CB21 5DQ

19 December 2017

Identified Developments Ltd

Abridged Statement of Financial Position

31 March 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	90	231,468
Cash at bank and in hand	–	482
	----	---------
	90	231,950

Creditors: amounts falling due within one year	–		231,860
	----		---------
Net current assets		90	90
		----	----
Total assets less current liabilities		90	90
		----	----

Capital and reserves

Called up share capital	90	90
	----	----
Shareholders funds	90	90
	----	----

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 19 December 2017 , and are signed on behalf of the board by:

Mr T Dean
Director

Company registration number: 07555430

Identified Developments Ltd

Notes to the Abridged Financial Statements

Year ended 31 March 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ash House, Breckenwood Road, Fulbourn, Cambridge, CB1 5DQ.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 5.

4. Related party transactions

The company is a wholly owned subsidiary of A Desimone Investments Limited . At 31 March 2017 the company was owed £nil (2016: £7,900) by Duo Investments Limited, a company owned by the directors T and M Dean. At 31 March 2017 the company was owed £nil (2016: £223,477) by Identified Developments (Cambridge) Limited, a company with common directors and owned equally by the three directors.

5. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.