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REGISTERED NUMBER: 09262163 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Waldhuber Developments Ltd

Waldhuber Developments Ltd (Registered number: 09262163)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Waldhuber Developments Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: R Orr





REGISTERED OFFICE: Suite 68 3 Courthill House
60 Water Lane
Wilmslow
SK9 5AJ





REGISTERED NUMBER: 09262163 (England and Wales)






Waldhuber Developments Ltd (Registered number: 09262163)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,384 38,538

CURRENT ASSETS
Stocks 277 196,972
Debtors 5 15,105 17,010
Cash at bank 2,300 -
17,682 213,982
CREDITORS
Amounts falling due within one year 6 168,625 796,701
NET CURRENT LIABILITIES (150,943 ) (582,719 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(132,559

)

(544,181

)

CREDITORS
Amounts falling due after more than one
year

7

16,667

26,667
NET LIABILITIES (149,226 ) (570,848 )

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings (151,226 ) (572,848 )
SHAREHOLDERS' FUNDS (149,226 ) (570,848 )

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

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

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 director and authorised for issue on 31 July 2024 and were signed by:





R Orr - Director


Waldhuber Developments Ltd (Registered number: 09262163)

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

1. STATUTORY INFORMATION

Waldhuber 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.

During March 2020, Covid-19 was designated as a pandemic by the World Health Organisation. The director continues to review the impact on the business, ensuring provisions are put in place to mitigate any risk to the company's ability to trade as a going concern. The director has secured support from the government by way of the Coronavirus Job Support Scheme, a local council contribution and a government backed bounce back loan.

There was a net deficiency of assets of £388,860 (2019 £342,555) at the balance sheet date, however, the director has confirmed his continued support together with the the support of external funders. He considers the company retains sufficient working capital to continue trading for the foreseeable future.

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.
Plant and machinery etc - 25% on reducing balance

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 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Waldhuber Developments Ltd (Registered number: 09262163)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 115,562
Additions 17,210
Disposals (26,238 )
At 31 October 2023 106,534
DEPRECIATION
At 1 November 2022 77,024
Charge for year 11,126
At 31 October 2023 88,150
NET BOOK VALUE
At 31 October 2023 18,384
At 31 October 2022 38,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,038 13,221
Other debtors 11,067 3,789
15,105 17,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 11,843
Trade creditors 6,156 96,687
Taxation and social security 257 703
Other creditors 152,212 687,468
168,625 796,701

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,667 26,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other Creditors - 285,000

Other Creditors includes £285,000 (2021 - £285,000) of creditors with a charge against land held by the company. This loan has been repaid after the balance sheet date.

Waldhuber Developments Ltd (Registered number: 09262163)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Interest is charged on the director's loan at 2.5% per annum.