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REGISTERED NUMBER: 08991793 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Wharram Developments Limited

Wharram Developments Limited (Registered number: 08991793)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wharram Developments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D G W Curtis
Miss E J E Curtis
M Allon





REGISTERED OFFICE: Manor Bungalow
Main Street
Beeford
Driffield
East Yorkshire
YO25 8BD





REGISTERED NUMBER: 08991793 (England and Wales)





ACCOUNTANTS: WOODGATES
Chartered Accountants
25 Woodgates Lane
North Ferriby
East Yorkshire
HU14 3JR

Wharram Developments Limited (Registered number: 08991793)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1 1

CURRENT ASSETS
Stocks 2,457,000 797,784
Debtors 6 5,023 11,245
Cash at bank 12,192 6,973
2,474,215 816,002
CREDITORS
Amounts falling due within one year 7 2,397,341 735,495
NET CURRENT ASSETS 76,874 80,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,875

80,508

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 75,875 79,508
SHAREHOLDERS' FUNDS 76,875 80,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Wharram Developments Limited (Registered number: 08991793)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





D G W Curtis - Director


Wharram Developments Limited (Registered number: 08991793)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Wharram 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company meets its day to day working capital requirements via a bank loan facility and short term loans from entities under the control of Mr DGW Curtis a Director of the Company. The directors expect to work within the terms of the loan facilities and therefore the financial statements have been prepared on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Wharram Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents sales of properties held as stock.

Property sales are recognised on legal completion.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Properties held for resale and redevelopment are held as stock and are valued at the lower of cost and net realisable value.

Financial instruments
Cash and bank balances
Cash and bank balances are recognised at transaction price.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.


Wharram Developments Limited (Registered number: 08991793)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 3,561 3,561
Other debtors 1,462 7,684
5,023 11,245

Wharram Developments Limited (Registered number: 08991793)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,853,946 -
Trade creditors 125,550 36,708
Other creditors 417,845 698,787
2,397,341 735,495

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 1,853,946 -

Bank loans are secured against land and properties held as stock.

9. RELATED PARTY DISCLOSURES

At the balance sheet date £49,879 (2023 - £49,411) was due to entities under the control of Mr DGW Curtis a Director and the controlling shareholder of the Company.

The above amounts are interest free and repayable on demand.