2 false false false false false false false false false true false false false false false true No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 13398822 2022-06-01 2023-05-31 13398822 2023-05-31 13398822 2021-06-01 2022-05-31 13398822 2022-05-31 13398822 bus:Director1 2022-06-01 2023-05-31 13398822 bus:Director2 2022-06-01 2023-05-31 13398822 core:WithinOneYear 2023-05-31 13398822 core:AfterOneYear 2023-05-31 13398822 core:ShareCapital 2023-05-31 13398822 core:ShareCapital 2022-05-31 13398822 core:RetainedEarningsAccumulatedLosses 2023-05-31 13398822 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-05-31 13398822 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 13398822 core:Non-currentFinancialInstruments 2023-05-31 13398822 bus:SmallEntities 2022-06-01 2023-05-31 13398822 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 13398822 bus:AbridgedAccounts 2022-06-01 2023-05-31 13398822 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 13398822 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31
COMPANY REGISTRATION NUMBER: 13398822
WALLTON DEVELOPMENTS LIMITED
Filleted Unaudited Abridged Financial Statements
31 May 2023
WALLTON DEVELOPMENTS LIMITED
Abridged Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Investments
5
328,011
Current assets
Debtors
102
Cash at bank and in hand
738
----
----
738
102
Creditors: amounts falling due within one year
123,422
---------
----
Net current (liabilities)/assets
( 122,684)
102
---------
----
Total assets less current liabilities
205,327
102
Creditors: amounts falling due after more than one year
218,679
---------
----
Net (liabilities)/assets
( 13,352)
102
---------
----
Capital and reserves
Called up share capital
102
102
Profit and loss account
( 13,454)
--------
----
Shareholders (deficit)/funds
( 13,352)
102
--------
----
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged income statement has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged income statement and the abridged statement of financial position for the year ending 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.
WALLTON DEVELOPMENTS LIMITED
Abridged Statement of Financial Position (continued)
31 May 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 20 February 2024 , and are signed on behalf of the board by:
Mr C Wallace
Mrs D C Fulton
Director
Director
Company registration number: 13398822
WALLTON DEVELOPMENTS LIMITED
Notes to the Abridged Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Church Park Road, Crackington Haven, Bude, Cornwall, EX23 0JT.
2. Statement of compliance
These abridged 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'.
3. Accounting policies
Basis of preparation
The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis with assurances of continuing support being provided by the Directors for the foreseeable future.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Investments
£
Cost
At 1 June 2022
Additions
328,011
---------
At 31 May 2023
328,011
---------
Impairment
At 1 June 2022 and 31 May 2023
---------
Carrying amount
At 31 May 2023
328,011
---------