The Works Property Developments Ltd 08080011 true 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 08080011 2022-06-01 2023-05-31 08080011 2023-05-31 08080011 bus:Original 2023-05-31 08080011 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 08080011 bus:SmallEntities 2022-06-01 2023-05-31 08080011 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 08080011 bus:FullAccounts 2022-06-01 2023-05-31 08080011 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 08080011 bus:RegisteredOffice 2022-06-01 2023-05-31 08080011 bus:Director1 2022-06-01 2023-05-31 08080011 bus:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 08080011 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08080011 countries:EnglandWales 2022-06-01 2023-05-31 08080011 2021-06-01 2022-05-31 08080011 2022-05-31 08080011 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 08080011

The Works Property Developments Ltd
Annual Report and
Unaudited Financial Statements

31 May 2023

 

The Works Property Developments Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

The Works Property Developments Ltd

Balance Sheet
31 May 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

26

26

Creditors: Amounts falling due within one year

4

(3,716)

(3,716)

Net liabilities

 

(3,690)

(3,690)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(3,692)

(3,692)

Shareholders' deficit

 

(3,690)

(3,690)

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 February 2024 and signed on its behalf by:
 

.........................................
M S Farrimond
Director

Company Registration Number: 08080011

 

The Works Property Developments Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 May 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:
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX
United Kingdom

The principal place of business is:
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

 

The Works Property Developments Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 May 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2022 - 2).

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,119

1,119

Other creditors

2,597

2,597

3,716

3,716