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REGISTERED NUMBER: 01462577 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 October 2023

for

L.W. (DEVELOPMENTS) LIMITED

L.W. (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 01462577)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

L.W. (DEVELOPMENTS) LIMITED

Company Information
for the year ended 31 October 2023







DIRECTORS: L A Williamson
Mrs D J Williamson
D A Williamson
G A Williamson





REGISTERED OFFICE: Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ





REGISTERED NUMBER: 01462577 (England and Wales)





ACCOUNTANTS: Trevor Jones & Partners Ltd
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

L.W. (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 01462577)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 9,364,420 14,221,821
Debtors 4 107,178 287,733
Cash at bank 135,981 183,826
9,607,579 14,693,380
CREDITORS
Amounts falling due within one year 5 6,909,376 5,972,435
NET CURRENT ASSETS 2,698,203 8,720,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,698,203

8,720,945

CREDITORS
Amounts falling due after more than one year 6 2,431,039 8,338,145
NET ASSETS 267,164 382,800

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 267,064 382,700
SHAREHOLDERS' FUNDS 267,164 382,800

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 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.

L.W. (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 01462577)

Balance Sheet - continued
31 October 2023


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 Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by:





L A Williamson - Director


L.W. (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 01462577)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

L.W. (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. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents invoiced value of income from land and property sales on legal completions.

Work in progress
Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and attributable overheads.

Speculative projects are included at cost where it can reasonably be expected that those costs will be recovered at some stage in the future. Where such costs are not expected to be recovered, they will be written off as an expense in the period in which they are first identified.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 45,440 46,400
Other debtors 6,280 26,280
VAT 55,458 215,053
107,178 287,733

L.W. (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 01462577)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 239,890 228,183
Amounts owed to group undertakings 3,061,542 3,207,016
Social security and other taxes 17,972 18,562
Other creditors 1,814,749 811,294
Directors' current accounts 1,775,223 1,707,380
6,909,376 5,972,435

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 2,431,039 8,338,145

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
L.W. (Developments) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L.W. (Developments) Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of L.W. (Developments) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of L.W. (Developments) Limited and state those matters that we have agreed to state to the Board of Directors of L.W. (Developments) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L.W. (Developments) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that L.W. (Developments) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of L.W. (Developments) Limited. You consider that L.W. (Developments) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of L.W. (Developments) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Trevor Jones & Partners Ltd
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ


31 August 2024