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Company Registration No. 11659074 (England and Wales)
Wreford Famalam Limited Unaudited accounts for the year ended 30 November 2023
Wreford Famalam Limited Unaudited accounts Contents
Page
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Wreford Famalam Limited Company Information for the year ended 30 November 2023
Directors
Mr W Wreford Mrs S Wreford
Company Number
11659074 (England and Wales)
Registered Office
50 Eglos Road Shortlanesend Truro Cornwall TR4 9BZ England
Accountants
KMK Accounting Ltd 50 Eglos Road TR4 9BZ
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Wreford Famalam Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,603 
7,121 
Investment property
1,300,000 
1,300,000 
1,303,603 
1,307,121 
Current assets
Debtors
45 
383 
Cash at bank and in hand
24,535 
100,272 
24,580 
100,655 
Creditors: amounts falling due within one year
(933,615)
(1,002,544)
Net current liabilities
(909,035)
(901,889)
Total assets less current liabilities
394,568 
405,232 
Provisions for liabilities
Deferred tax
(57,685)
(58,353)
Net assets
336,883 
346,879 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
336,783 
346,779 
Shareholders' funds
336,883 
346,879 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by
Mr W Wreford Director Company Registration No. 11659074
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Wreford Famalam Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Wreford Famalam Limited is a private company, limited by shares, registered in England and Wales, registration number 11659074. The registered office is 50 Eglos Road, Shortlanesend, Truro, Cornwall, TR4 9BZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Wreford Famalam Limited Notes to the Accounts for the year ended 30 November 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2022
14,073 
At 30 November 2023
14,073 
Depreciation
At 1 December 2022
6,952 
Charge for the year
3,518 
At 30 November 2023
10,470 
Net book value
At 30 November 2023
3,603 
At 30 November 2022
7,121 
5
Investment property
2023 
£ 
Fair value at 1 December 2022
1,300,000 
At 30 November 2023
1,300,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
308 
Other debtors
45 
75 
45 
383 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
533 
- 
Loans from directors
932,727 
1,002,244 
Accruals
355 
300 
933,615 
1,002,544 
8
Transactions with related parties
Included within creditors is a loan due to the director, Mr W J Wreford, of £932,727 (2021: £1,002,244). The loan is repayable on demand however the director has agreed not to enforce repayment until the company has sufficient available funds to make such payment and continue to meet its other liabilities as they fall due. The loan is unsecured and interest free.
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Wreford Famalam Limited Notes to the Accounts for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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