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REGISTERED NUMBER: 08364749 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

W DEVELOPMENTS LIMITED

W DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08364749)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


W DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs C Widdowson
M Widdowson





REGISTERED OFFICE: 10 London Mews
Paddington
LONDON
W2 1HY





REGISTERED NUMBER: 08364749 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

W DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08364749)

STATEMENT OF FINANCIAL POSITION
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 1,114,155 1,114,155
Debtors 4 - 4,015
Cash at bank 31,931 17,727
1,146,086 1,135,897
CREDITORS
Amounts falling due within one year 5 440,885 444,462
NET CURRENT ASSETS 705,201 691,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,201

691,435

CREDITORS
Amounts falling due after more than one
year

6

674,020

674,020
NET ASSETS 31,181 17,415

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,179 17,413
SHAREHOLDERS' FUNDS 31,181 17,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

W DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08364749)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2024


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 30 October 2024 and were signed on its behalf by:





M Widdowson - Director


W DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08364749)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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.

Going concern
After reviewing the company's forecasts and projections, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents rents receivable from a property.

Rental income is recognised on a straight line basis over the term of lease.

Stocks
Cost includes purchase price, associated acquisition costs, cost of development together with directly attributable overhead at the balance sheet date.

At each balance sheet date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its net realisable value and the impairment loss is recognised immediately in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors, trade creditors and loans.

The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 4,015

W DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08364749)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 440,885 444,462

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 674,020 674,020

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 674,020 674,020

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 674,020 674,020

Charter Court Financial Services Limited hold a first legal charge over the property.

The property address is 2 Felixstowe Road, London NW10 5SS.

8. RELATED PARTY DISCLOSURES

The directors were advanced £3,600 (2023: £9,000) from the company and made repayments totalling £848 (2023: £2,213) during the year.

The directors were owed £439,086 at 31 March 2024 (£441,837 at 31 March 2023).

No interest is payable on the loan given by the directors.