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REGISTERED NUMBER: 03516411 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

T.W.D. DEVELOPMENTS LIMITED

T.W.D. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03516411)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


T.W.D. DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Thomas Steven Edward Cartmell
Steven William Cartmell
Katie Louise Smith





SECRETARY: Thomas Steven Edward Cartmell





REGISTERED OFFICE: Heatherington House
The Gardens
Elford
Staffordshire
B79 7DD





REGISTERED NUMBER: 03516411 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

T.W.D. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03516411)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 120,000 161,051

CURRENT ASSETS
Debtors 5 319,569 186,225
Cash at bank 78,763 206,820
398,332 393,045
CREDITORS
Amounts falling due within one year 6 1,813 1,783
NET CURRENT ASSETS 396,519 391,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,519

552,313

CAPITAL AND RESERVES
Called up share capital 7 98 98
Fair value reserve 8 23,352 64,403
Retained earnings 8 493,069 487,812
SHAREHOLDERS' FUNDS 516,519 552,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





Steven William Cartmell - Director


T.W.D. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03516411)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

T.W.D. 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents revenue recognised by the company in respect of rents receivable during the period.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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

The average number of employees during the year was 3 (2022 - 3 ) .

T.W.D. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03516411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 161,051
Revaluations (41,051 )
At 28 February 2023 120,000
NET BOOK VALUE
At 28 February 2023 120,000
At 28 February 2022 161,051


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 319,569 186,225

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,233 1,233
Other creditors 580 550
1,813 1,783

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
98 Ordinary £1 98 98

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2022 487,812 64,403 552,215
Deficit for the year (35,794 ) (35,794 )
Unrealised surplus on changes to
fair value

41,051

(41,051

)

-

At 28 February 2023 493,069 23,352 516,421

T.W.D. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03516411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. RELATED PARTY DISCLOSURES

Other related parties
2023 2022
£ £
Amounts due from related parties 319,461 186,117