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Company Registration No. 00989480 (England and Wales)
Will-Denn Resources Limited Unaudited accounts for the year ended 31 December 2021
Will-Denn Resources Limited Unaudited accounts Contents
Page
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Will-Denn Resources Limited Company Information for the year ended 31 December 2021
Directors
Mr J M Dennis Ms C J Dennis
Company Number
00989480 (England and Wales)
Registered Office
PARK LODGE 60 LONDON ROAD HORSHAM WEST SUSSEX RH12 1AY
Accountants
M&T Accounting Limited 24 Great Lime Kilns Southwater Horsham West Sussex RH13 9JL
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Will-Denn Resources Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,640,833 
1,658,583 
Current assets
Debtors
98,434 
101,618 
Creditors: amounts falling due within one year
(156,964)
(192,321)
Net current liabilities
(58,530)
(90,703)
Net assets
1,582,303 
1,567,880 
Capital and reserves
Called up share capital
10,000 
10,000 
Revaluation reserve
1,240,131 
1,240,131 
Profit and loss account
332,172 
317,749 
Shareholders' funds
1,582,303 
1,567,880 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2022 and were signed on its behalf by
Mr J M Dennis Director Company Registration No. 00989480
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Will-Denn Resources Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Will-Denn Resources Limited is a private company, limited by shares, registered in England and Wales, registration number 00989480. The registered office is PARK LODGE, 60 LONDON ROAD, HORSHAM, WEST SUSSEX, RH12 1AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
3.125%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
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Will-Denn Resources Limited Notes to the Accounts for the year ended 31 December 2021
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2021
1,700,000 
At 31 December 2021
1,700,000 
Depreciation
At 1 January 2021
41,417 
Charge for the year
17,750 
At 31 December 2021
59,167 
Net book value
At 31 December 2021
1,640,833 
At 31 December 2020
1,658,583 
2021 
2020 
£ 
£ 
Carrying amount of land and buildings on cost basis
517,087 
534,837 
The freehold property was professionally revalued in August 2018 by Crickmay, a firm of chartered surveyors. This valuation is viewed by the directors to still reflect the fair value of the property.
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
18,337 
- 
Deferred tax asset
61 
Accrued income and prepayments
8,007 
7,921 
Other debtors
72,090 
93,636 
98,434 
101,618 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
9,195 
59,233 
Trade creditors
6,813 
5,186 
Taxes and social security
25,712 
12,940 
Loans from directors
112,872 
112,522 
Accruals
2,372 
2,440 
156,964 
192,321 
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000 
10,000 
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Will-Denn Resources Limited Notes to the Accounts for the year ended 31 December 2021
8
Transactions with related parties
Included within other debtors is £72,090 (2020: £93,636) due from WDR Limited. The directors have the controlling interest in this company. Included within creditors is a director's loan of £112,872 (2020: £112,522). This loan is interest free with no fixed repayment terms.
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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