Great Whittington Developments Limited 9762669 true 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is Devlopment of Building Projects Digita Accounts Production Advanced 6.30.9574.0 true Mr Anthony John Winston Baker Mrs Susan A Baker true 9762669 2022-10-01 2023-09-30 9762669 2023-09-30 9762669 bus:OrdinaryShareClass1 2023-09-30 9762669 core:RetainedEarningsAccumulatedLosses 2023-09-30 9762669 core:ShareCapital 2023-09-30 9762669 core:CurrentFinancialInstruments 2023-09-30 9762669 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 9762669 core:Non-currentFinancialInstruments 2023-09-30 9762669 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 9762669 core:OfficeEquipment 2023-09-30 9762669 bus:FRS102 2022-10-01 2023-09-30 9762669 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 9762669 bus:FullAccounts 2022-10-01 2023-09-30 9762669 bus:RegisteredOffice 2022-10-01 2023-09-30 9762669 bus:Director1 2022-10-01 2023-09-30 9762669 bus:Director2 2022-10-01 2023-09-30 9762669 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 9762669 bus:EntityNoLongerTradingButTradedInPast 2022-10-01 2023-09-30 9762669 bus:Consolidated 2022-10-01 2023-09-30 9762669 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 9762669 countries:England 2022-10-01 2023-09-30 9762669 2022-09-30 9762669 core:OfficeEquipment 2022-09-30 9762669 2022-09-30 9762669 bus:OrdinaryShareClass1 2022-09-30 9762669 core:RetainedEarningsAccumulatedLosses 2022-09-30 9762669 core:ShareCapital 2022-09-30 9762669 core:CurrentFinancialInstruments 2022-09-30 9762669 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 9762669 core:Non-currentFinancialInstruments 2022-09-30 9762669 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 9762669 core:OfficeEquipment 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 9762669

Great Whittington Developments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Great Whittington Developments Limited

Profit and Loss Account for the Year Ended 30 September 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Great Whittington Developments Limited

(Registration number: 9762669)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

1,479

1,479

Current assets

 

Stocks

4

199,231

199,231

Debtors

5

417

417

Cash at bank and in hand

 

25,968

25,968

 

225,616

225,616

Creditors: Amounts falling due within one year

7

(181,303)

(181,303)

Net current assets

 

44,313

44,313

Total assets less current liabilities

 

45,792

45,792

Creditors: Amounts falling due after more than one year

7

(50,000)

(50,000)

Net liabilities

 

(4,208)

(4,208)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(4,308)

(4,308)

Shareholders' deficit

 

(4,208)

(4,208)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 16 September 2024 and signed on its behalf by:
 

.........................................
Mrs Susan A Baker
Director

 

Great Whittington Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 School Close
Great Whittington
Newcastle Upon Tyne
NE19 2HZ

These financial statements were authorised for issue by the Board on 16 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Great Whittington Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Great Whittington Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

3

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 October 2022

2,408

2,408

At 30 September 2023

2,408

2,408

Depreciation

At 1 October 2022

929

929

At 30 September 2023

929

929

Carrying amount

At 30 September 2023

1,479

1,479

At 30 September 2022

1,479

1,479

4

Stocks

2023
£

2022
£

Work in progress

199,231

199,231

5

Debtors

Current

2023
£

2022
£

Other debtors

417

417

 

417

417

6

Cash and cash equivalents

2023
£

2022
£

Cash at bank

25,968

25,968

 

Great Whittington Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

7

Creditors

Note

2023
£

2022
£

Due within one year

 

Other payables

 

180,818

180,818

Accruals

 

485

485

 

181,303

181,303

Due after one year

 

Loans and borrowings

9

50,000

50,000

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

50,000

50,000