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REGISTERED NUMBER: 03069067 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

WORKHAM DEVELOPMENTS LIMITED

WORKHAM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03069067)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WORKHAM DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr A J White
Mr D H J White





REGISTERED OFFICE: Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH





BUSINESS ADDRESS: Hill Farm Barn
Bruern Road
Milton-under-Wychwood
CHIPPING NORTON
Oxfordshire
OX7 6HB





REGISTERED NUMBER: 03069067 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

WORKHAM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03069067)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 19,992 19,992
Investment property 5 187,500 187,500
207,492 207,492

CURRENT ASSETS
Debtors 6 540 145,389
Cash at bank 206,734 24,046
207,274 169,435
CREDITORS
Amounts falling due within one year 7 43,030 3,759
NET CURRENT ASSETS 164,244 165,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,736

373,168

CAPITAL AND RESERVES
Called up share capital 8 350 350
Retained earnings 371,386 372,818
SHAREHOLDERS' FUNDS 371,736 373,168

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

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

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 23 April 2024 and were signed on its behalf by:





Mr A J White - Director


WORKHAM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03069067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Workham 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.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 year 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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

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

WORKHAM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03069067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 19,992
NET BOOK VALUE
At 31 July 2023 19,992
At 31 July 2022 19,992

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 187,500
NET BOOK VALUE
At 31 July 2023 187,500
At 31 July 2022 187,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtor - 317
WEPL Loan - 144,618
Prepayments 540 454
540 145,389

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Tax 2,010 2,739
WEPL Loan 40,000 -
Accrued expenses 1,020 1,020
43,030 3,759

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
175 Ordinary A £1 175 175
175 Ordinary B £1 175 175
350 350

WORKHAM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03069067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. RELATED PARTY DISCLOSURES

Included in creditors is a loan from Workham European Property Limited, a company in which Mr A J White is a director. At the balance sheet date there was a balance of £40,000 owed to Workham European Property Limited (2022: £144,618 was owed from Workham European Property Limited).

10. CONTROL RELATIONSHIPS

The ultimate controlling party is Mr A J White.