Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true4false2022-12-01falseNo description of principal activity4 12622155 2022-12-01 2023-11-30 12622155 2021-12-01 2022-11-30 12622155 2023-11-30 12622155 2022-11-30 12622155 c:Director1 2022-12-01 2023-11-30 12622155 d:CurrentFinancialInstruments 2023-11-30 12622155 d:CurrentFinancialInstruments 2022-11-30 12622155 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12622155 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12622155 d:ShareCapital 2023-11-30 12622155 d:ShareCapital 2022-11-30 12622155 d:RetainedEarningsAccumulatedLosses 2023-11-30 12622155 d:RetainedEarningsAccumulatedLosses 2022-11-30 12622155 c:FRS102 2022-12-01 2023-11-30 12622155 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12622155 c:FullAccounts 2022-12-01 2023-11-30 12622155 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 12622155














WICKHAMBREAUX DEVELOPMENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
WICKHAMBREAUX DEVELOPMENTS LIMITED
REGISTERED NUMBER:12622155

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022

  

CURRENT ASSETS
  

Stocks
  
5,524,710
2,557,937

Debtors: amounts falling due within one year
 4 
12,206
169,707

Cash at bank and in hand
 5 
77,408
79

  
5,614,324
2,727,723

Creditors: amounts falling due within one year
 6 
(5,822,052)
(2,731,655)

NET CURRENT LIABILITIES
  
 
 
(207,728)
 
 
(3,932)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(207,728)
(3,932)

  

NET LIABILITIES
  
(207,728)
(3,932)


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
(207,828)
(4,032)

  
(207,728)
(3,932)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2024.






................................................
Barry George Bushell
Director

Page 1

 
WICKHAMBREAUX DEVELOPMENTS LIMITED
REGISTERED NUMBER:12622155

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WICKHAMBREAUX DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Wickhambreaux Developments Limited is a private company limited by shares. The company registration number is 12622155 and is incorporated in England and Wales. The registered office of the company is Henwood House, Henwood, Ashford, Kent, England, TN24 8DH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash
Page 3

 
WICKHAMBREAUX DEVELOPMENTS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 -4).

Page 4

 
WICKHAMBREAUX DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Debtors

2023
2022


Other debtors
464
169,707

Prepayments and accrued income
11,742
-

12,206
169,707



5.


Cash and cash equivalents

2023
2022

Cash at bank and in hand
77,408
79



6.


Creditors: Amounts falling due within one year

2023
2022

Amounts owed to group undertakings
5,818,350
2,728,623

Accruals and deferred income
3,702
3,032

5,822,052
2,731,655



7.
Controlling party / Ultimate parent undertaking and controlling party


The ultimate parent undertaking is BAAT Limited, a company incorporated in England and Wales.
 



Page 5