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REGISTERED NUMBER: 09037983 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Feltwell Developments Ltd

Feltwell Developments Ltd (Registered number: 09037983)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Feltwell Developments Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs K Hayklan
J R Taylor





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 09037983 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Feltwell Developments Ltd (Registered number: 09037983)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Stocks 490,413 360,088
Debtors 5 109,467 172,338
Cash at bank and in hand 5,039 1,181
604,919 533,607
CREDITORS
Amounts falling due within one year 6 9,069 8,878
NET CURRENT ASSETS 595,850 524,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

595,850

524,729

CREDITORS
Amounts falling due after more than one
year

7

607,500

535,000
NET LIABILITIES (11,650 ) (10,271 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (11,750 ) (10,371 )
SHAREHOLDERS' FUNDS (11,650 ) (10,271 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Feltwell Developments Ltd (Registered number: 09037983)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mrs K Hayklan - Director


Feltwell Developments Ltd (Registered number: 09037983)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Feltwell Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 funding for the company is by way of related party borrowings for which a commitment has been made not to seek repayment within the foreseeable future. The directors are confident that the company will trade out of its current position and therefore consider it necessary and appropriate to prepare the accounts on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 1,899
Disposals (1,899 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 1,899
Eliminated on disposal (1,899 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -

Feltwell Developments Ltd (Registered number: 09037983)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 34,467 97,338
Other debtors 75,000 75,000
109,467 172,338

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,321 1,080
Directors' current accounts 6,358 6,358
Accrued expenses 1,390 1,440
9,069 8,878

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 607,500 535,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Wiggins Industries Limited

A company in which the director, J Taylor, has a controlling interest.


Included within creditors: amounts falling due after more than one year is a £607,500 (2022: £535,000) interest-free loan owed to the above named company. As of the balance sheet date there is no immediate demand for repayment.

10. GOING CONCERN

The funding for the company is by way of related party borrowings for which a commitment has been made not to seek repayment within the foreseeable future. The directors are confident that the company will trade out of its current position and therefore consider it necessary and appropriate to prepare the accounts on a going concern basis.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Feltwell Developments Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Feltwell Developments Ltd for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Feltwell Developments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Feltwell Developments Ltd and state those matters that we have agreed to state to the Board of Directors of Feltwell Developments Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Feltwell Developments Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Feltwell Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Feltwell Developments Ltd. You consider that Feltwell Developments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Feltwell Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

We draw attention to note 1 of the financial statements stating that the accounts have been compiled on a going concern basis notwithstanding that the company has a deficiency of shareholders' funds.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


28 March 2024