A.J.Developments (Witchampton) Limited 09892544 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of property development. Digita Accounts Production Advanced 6.30.9574.0 true 09892544 2022-04-01 2023-03-31 09892544 2023-03-31 09892544 core:RetainedEarningsAccumulatedLosses 2023-03-31 09892544 core:ShareCapital 2023-03-31 09892544 core:CurrentFinancialInstruments 2023-03-31 09892544 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09892544 bus:SmallEntities 2022-04-01 2023-03-31 09892544 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09892544 bus:FullAccounts 2022-04-01 2023-03-31 09892544 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09892544 bus:RegisteredOffice 2022-04-01 2023-03-31 09892544 bus:Director2 2022-04-01 2023-03-31 09892544 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09892544 countries:EnglandWales 2022-04-01 2023-03-31 09892544 2021-04-01 2022-03-31 09892544 2022-03-31 09892544 core:RetainedEarningsAccumulatedLosses 2022-03-31 09892544 core:ShareCapital 2022-03-31 09892544 core:CurrentFinancialInstruments 2022-03-31 09892544 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

A.J.Developments (Witchampton) Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2023

Registration number: 09892544

 

A.J.Developments (Witchampton) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

A.J.Developments (Witchampton) Limited

Balance Sheet

31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

17

Cash at bank and in hand

 

605

1,136

 

605

1,153

Creditors: Amounts falling due within one year

5

(3,330)

(1,500)

Net liabilities

 

(2,725)

(347)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(2,825)

(447)

Shareholders' deficit

 

(2,725)

(347)

 

A.J.Developments (Witchampton) Limited

Balance Sheet

31 March 2023

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 5 March 2024 and signed on its behalf by:
 

.........................................
S T Janes
Director

Company Registration Number: 09892544

 

A.J.Developments (Witchampton) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
202 Sandbanks Road
Poole
Dorset
BH14 8HA

These financial statements were authorised for issue by the Board on 5 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of properties in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

A.J.Developments (Witchampton) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

A.J.Developments (Witchampton) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

4

Debtors

2023
£

2022
£

Other debtors

-

17

-

17

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

3,330

1,500