Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10848890 Mr Rowan Stewart Mr Andrew Major Mr Grahame Seaman Mr Alan Waters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10848890 2023-07-31 10848890 2024-07-31 10848890 2023-08-01 2024-07-31 10848890 frs-core:CurrentFinancialInstruments 2024-07-31 10848890 frs-core:Non-currentFinancialInstruments 2024-07-31 10848890 frs-core:ShareCapital 2024-07-31 10848890 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10848890 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10848890 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10848890 frs-bus:SmallEntities 2023-08-01 2024-07-31 10848890 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10848890 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10848890 frs-bus:Director1 2023-08-01 2024-07-31 10848890 frs-bus:Director2 2023-08-01 2024-07-31 10848890 frs-bus:Director3 2023-08-01 2024-07-31 10848890 frs-bus:Director4 2023-08-01 2024-07-31 10848890 frs-core:CurrentFinancialInstruments 1 2024-07-31 10848890 frs-countries:EnglandWales 2023-08-01 2024-07-31 10848890 2022-07-31 10848890 2023-07-31 10848890 2022-08-01 2023-07-31 10848890 frs-core:CurrentFinancialInstruments 2023-07-31 10848890 frs-core:Non-currentFinancialInstruments 2023-07-31 10848890 frs-core:ShareCapital 2023-07-31 10848890 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10848890 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 10848890
Wandle Wimbledon Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10848890
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 477,331
Debtors 5 3,311,485 2,920,030
Cash at bank and in hand - 1,356
3,311,485 3,398,717
Creditors: Amounts Falling Due Within One Year 6 (358,813 ) (300,975 )
NET CURRENT ASSETS (LIABILITIES) 2,952,672 3,097,742
TOTAL ASSETS LESS CURRENT LIABILITIES 2,952,672 3,097,742
Creditors: Amounts Falling Due After More Than One Year 7 (1,461,779 ) (2,191,695 )
NET ASSETS 1,490,893 906,047
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 1,490,889 906,043
SHAREHOLDERS' FUNDS 1,490,893 906,047
Page 1
Page 2
For the year ending 31 July 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rowan Stewart
Director
02/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wandle Wimbledon Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10848890 . The registered office is Angels House, 5 Albemarle Road, Beckenham, Kent, BR3 5HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Stock - 477,331
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,325 1,725
Intercompany 3,298,463 2,912,400
VAT 11,697 5,905
3,311,485 2,920,030
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,000 3,072
Bank loans and overdrafts 1,200 -
Inter-company 3,484 3,509
Accruals and deferred income - 2,979
Directors' loan accounts 352,129 291,415
358,813 300,975
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,461,779 2,191,695
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
9. Related Party Transactions
Included in Other Debtors are the following amounts owed by the following companies, all of which are under the control of the directors Mr A Major, Mr G Seaman, Mr R Stewart & Mr A Waters. No repayment terms have been set and no interest is to be charged.
223 Streatham Road Developments Ltd - £19,640 (2023 - £19,640)
Featherstone Group Holdings South East Ltd - £843,367 (2023 - £811,449)
Featherstone Homes (South East) Ltd - £1,179,064 (2023 - £1,122,041)
Featherstone Homes Developments Ltd - £2,700 (2023 - £2,700)
Featherstone Homes Southfield Rentals Ltd - £1,045,692 (2023 - £686,569)
Lyonton Road SE1 Developments Ltd - £270,000 (2023 - £270,000)
Included in Other Creditors are the following amounts owed to the following companies, all of which are under the control of the directors Mr A Major, Mr G Seaman, Mr R Stewart & Mr A Waters. No repayment terms have been set and no interest is to be charged.
Peckham Station Dev Ltd - £3,484 (2023 - £3,484)
South End Road Developments Ltd - £0 (2023 - £25)
Included in the Other Creditors is an amount owed to the company directors totalling £291,415 (2023 - £291,415), no interest is to be charged.
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