Registration number:
Izzy Developments Ltd
(formerly
for the Year Ended 28 February 2022
Izzy Developments Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Izzy Developments Ltd
Company Information
Directors |
Mr Robert Pattinson Mr Stevie Lee Pattinson |
Registered office |
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Accountants |
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Izzy Developments Ltd
(Registration number: 07058458)
Balance Sheet as at 28 February 2022
Note |
2022 |
2021 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
371,750 |
272,188 |
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Shareholders' funds |
371,850 |
272,288 |
For the financial year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Izzy Developments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The company was formerly known as Keswick Manor Ltd.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These 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'.
Basis of preparation
The 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rental income. Rental income is recognised on an accruals basis.
Stocks
Stock is the cost of land and property purchased for development.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Izzy Developments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022 (continued)
Debtors |
Current |
2022 |
2021 |
Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
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Due within one year |
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Trade creditors |
( |
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Taxation and social security |
- |
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Accruals and deferred income |
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Other creditors |
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Related party transactions |
Included in creditors due within one year is £1,766 (2021: £16,767) owed to the company directors and their close family members.
Also included within creditors falling due within one year is £105,000 (2021: £100,000) owed to a company controlled by one of the company’s directors.
During the year a loan from a related party of £100,000 has been written off to the profit and loss account.