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REGISTERED NUMBER: 11004911 (England and Wales)










Unaudited Financial Statements

for the Period 1 April 2022 to 30 March 2023

for

Wynyard Property Developments Limited

Wynyard Property Developments Limited (Registered number: 11004911)






Contents of the Financial Statements
for the Period 1 April 2022 to 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wynyard Property Developments Limited

Company Information
for the Period 1 April 2022 to 30 March 2023







DIRECTOR: Mr I J Craggs





REGISTERED OFFICE: Unit 4 Enterprise Court
Queens Meadow Business Park
Hartlepool
Co. Durham
TS25 2FE





REGISTERED NUMBER: 11004911 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Wynyard Property Developments Limited (Registered number: 11004911)

Balance Sheet
30 March 2023

30.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 27,280

CURRENT ASSETS
Stocks - 5,714
Debtors 5 27,850 54,000
Cash at bank 75 207
27,925 59,921
CREDITORS
Amounts falling due within one year 6 23,886 26,216
NET CURRENT ASSETS 4,039 33,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,039

60,985

CREDITORS
Amounts falling due after more than one
year

7

(42,064

)

(43,878

)

PROVISIONS FOR LIABILITIES - (4,330 )
NET (LIABILITIES)/ASSETS (38,025 ) 12,777

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (38,125 ) 12,677
(38,025 ) 12,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Wynyard Property Developments Limited (Registered number: 11004911)

Balance Sheet - continued
30 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





Mr I J Craggs - Director


Wynyard Property Developments Limited (Registered number: 11004911)

Notes to the Financial Statements
for the Period 1 April 2022 to 30 March 2023

1. STATUTORY INFORMATION

Wynyard Property 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.

The financial statements are presented in sterling, which is functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 3% on cost
Fixtures and fittings - 25% reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Wynyard Property Developments Limited (Registered number: 11004911)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 March 2023

2. ACCOUNTING POLICIES - continued

Going concern
At the year end the company's liabilities exceeded its assets by £38,025 and as such the company's ability to continue to operate depends on the support of its' Director. The Financial Statements have been prepared on a going concern basis as the Director intends to give his support for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 33,624 2,267 1,090 36,981
Disposals (33,624 ) (2,267 ) (1,090 ) (36,981 )
At 30 March 2023 - - - -
DEPRECIATION
At 1 April 2022 7,061 1,550 1,090 9,701
Eliminated on disposal (7,061 ) (1,550 ) (1,090 ) (9,701 )
At 30 March 2023 - - - -
NET BOOK VALUE
At 30 March 2023 - - - -
At 31 March 2022 26,563 717 - 27,280

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 31.3.22
£    £   
Trade debtors 27,850 24,000
Other debtors - 30,000
27,850 54,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,855 6,122
Trade creditors - 1,104
Taxation and social security 18,008 18,438
Other creditors 23 552
23,886 26,216

Wynyard Property Developments Limited (Registered number: 11004911)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.23 31.3.22
£    £   
Bank loans 42,064 43,878

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 42,064 43,878

8. RELATED PARTY DISCLOSURES

The director loaned to the company a total of £8,897 and was repaid a total of £9,426 in the period. The balance owing to the director at 31.03.2023 is £23 (2022 -£552).