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REGISTERED NUMBER: 02119770 (England and Wales)













ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

FOR

W.A.Z. DEVELOPMENTS LIMITED

W.A.Z. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02119770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


W.A.Z. DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2021







DIRECTORS: Mrs L G Murtland
P G F Ziegler





SECRETARY: P G F Ziegler





REGISTERED OFFICE: 4 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA





REGISTERED NUMBER: 02119770 (England and Wales)





ACCOUNTANTS: D & J Randles
Chartered Accountants
4 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

W.A.Z. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02119770)

ABRIDGED BALANCE SHEET
31 AUGUST 2021

31.8.21 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 300,000 300,000

CURRENT ASSETS
Stocks 455,612 882,561
Debtors 79,995 115,852
Cash at bank 432,286 67,185
967,893 1,065,598
CREDITORS
Amounts falling due within one year 62,161 200,867
NET CURRENT ASSETS 905,732 864,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,205,732

1,164,731

PROVISIONS FOR LIABILITIES 16,505 16,505
NET ASSETS 1,189,227 1,148,226

CAPITAL AND RESERVES
Called up share capital 5 50,000 50,000
Retained earnings 6 1,139,227 1,098,226
SHAREHOLDERS' FUNDS 1,189,227 1,148,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.

W.A.Z. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02119770)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2021


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 31 August 2021 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 15 August 2022 and were signed on its behalf by:





Mrs L G Murtland - Director


W.A.Z. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02119770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

1. STATUTORY INFORMATION

W.A.Z. Developments 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

Basis of preparing the financial statements
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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the sale proceeds of properties and rents receivable exclusive of VAT.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 (2020 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2020
and 31 August 2021 300,000
NET BOOK VALUE
At 31 August 2021 300,000
At 31 August 2020 300,000

W.A.Z. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02119770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2021

4. INVESTMENT PROPERTY - continued

The directors consider that the value of the property has remained unchanged from the previous year.

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.8.21 31.8.20
value: £    £   
50,000 Ordinary £1 50,000 50,000

6. RESERVES
Retained
earnings
£   

At 1 September 2020 1,098,226
Profit for the year 43,001
Dividends (2,000 )
At 31 August 2021 1,139,227

Reserves include an amount in respect of the surplus on the revaluation of investment properties less a provision for deferred taxation thereon amounting to £206,651, which is not distributable.

7. RELATED PARTY DISCLOSURES

The company has been charged £40,310 by Ziegler Farms Ltd, a company in which Mr P G F Ziegler is a shareholder and director, for consultancy services.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs L G Murtland.