Registered number
10235016
WIDLEY LIMITED
Filleted Accounts
31 December 2022
WIDLEY LIMITED
Registered number: 10235016
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Current assets
Stocks 8,186,496 8,186,496
Debtors 3 - 18,221
8,186,496 8,204,717
Creditors: amounts falling due within one year 4 (8,689,640) (8,688,640)
Net current liabilities (503,144) (483,923)
Net liabilities (503,144) (483,923)
Capital and reserves
Called up share capital (2) (2)
Profit and loss account (503,142) (483,921)
Shareholders' funds (503,144) (483,923)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Cengizhan Karaduman
Director
Approved by the board on 29 September 2023
WIDLEY LIMITED
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Company information
Widley Limited is a private company limited by shares incorporated in England and Wales. The registered office is 64 Princes Court, 88 Brampton Road, Knightsbridge, London, England, SW3 1ET.
Accounting convention

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2022 2021
£ £
Others debtors - (2,019)
Other debtors - 20,240
- 18,221
4 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 61 61
Trade creditors (366) 823,725
Taxation and social security costs (3,897) (3,697)
Other creditors 8,693,842 7,868,551
8,689,640 8,688,640
5 Other information
WIDLEY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
61 Widley Road, 
5th Floor
London
England
SW1X 7QA
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