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Registration number: 13045769

Warren House Developments Ltd

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 April 2024

 

Warren House Developments Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Warren House Developments Ltd

(Registration number: 13045769)
Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

307,988

309,202

Current assets

 

Debtors

5

37

32

Cash at bank and in hand

 

23,824

20,698

 

23,861

20,730

Creditors: Amounts falling due within one year

6

(1,711)

(2,446)

Net current assets

 

22,150

18,284

Total assets less current liabilities

 

330,138

327,486

Creditors: Amounts falling due after more than one year

6

(341,458)

(341,567)

Net liabilities

 

(11,320)

(14,081)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(11,420)

(14,181)

Shareholders' deficit

 

(11,320)

(14,081)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 1 November 2024 and signed on its behalf by:
 

.........................................
Mrs B Paling
Director

 

Warren House Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales. The company was incorporated on 26/11/2020 and commenced trading on 01/05/2021.

The address of its registered office is: 255 Frimley Green Road, Frimley Green, Camberley, Surrey, GU16 6LD. United Kingdom.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis due to the ongoing support of the directors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

 

Warren House Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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:

Asset class

Depreciation method and rate

Plant and machinery

20%

Buildings

10%

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments 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 and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Warren House Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2023

311,121

509

311,630

At 30 April 2024

311,121

509

311,630

Depreciation

At 1 May 2023

2,224

204

2,428

Charge for the year

1,112

102

1,214

At 30 April 2024

3,336

306

3,642

Carrying amount

At 30 April 2024

307,785

203

307,988

At 30 April 2023

308,897

305

309,202

Included within the net book value of land and buildings above is £307,785 (2023 - £308,897) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Prepayments

37

32

37

32

 

Warren House Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

71

693

Accruals and deferred income

1,490

1,170

Other creditors

150

583

1,711

2,446

Creditors: amounts falling due after more than one year

2024
£

2023
£

Other non-current financial liabilities

341,458

341,567

7

Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the directors.