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REGISTERED NUMBER: 07825248 (England and Wales)
















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Widbury Developments Limited

Widbury Developments Limited (Registered number: 07825248)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Widbury Developments Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: Mr N F Buxton
Mrs H L Buxton





REGISTERED OFFICE: Estate Office
Watersplace
Ware
Hertfordshire
SG12 7QQ





REGISTERED NUMBER: 07825248 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Widbury Developments Limited (Registered number: 07825248)

Abridged Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,300,000 2,020,000
2,300,000 2,020,000

CURRENT ASSETS
Stocks 3,556 5,926
Debtors 93,178 14,619
Cash at bank 17,755 36,339
114,489 56,884
CREDITORS
Amounts falling due within one year 124,501 119,983
NET CURRENT LIABILITIES (10,012 ) (63,099 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,289,988

1,956,901

CREDITORS
Amounts falling due after more than one
year

(841,685

)

(898,745

)

PROVISIONS FOR LIABILITIES (8,549 ) -
NET ASSETS 1,439,754 1,058,156

CAPITAL AND RESERVES
Called up share capital 7 100 100
Non distributable reserves 685,937 414,486
Retained earnings 753,717 643,570
SHAREHOLDERS' FUNDS 1,439,754 1,058,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

Widbury Developments Limited (Registered number: 07825248)

Abridged Balance Sheet - continued
5 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 5 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 November 2024 and were signed on its behalf by:





Mr N F Buxton - Director


Widbury Developments Limited (Registered number: 07825248)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Widbury 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 rent receivable and relate property income, on the accruals basis, for the accounting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery- 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Widbury Developments Limited (Registered number: 07825248)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Widbury Developments Limited (Registered number: 07825248)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 6 April 2023
and 5 April 2024 65,184
DEPRECIATION
At 6 April 2023
and 5 April 2024 65,184
NET BOOK VALUE
At 5 April 2024 -
At 5 April 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 2,020,000
Revaluations 280,000
At 5 April 2024 2,300,000
NET BOOK VALUE
At 5 April 2024 2,300,000
At 5 April 2023 2,020,000

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2020 186,160
Valuation in 2021 (55,000 )
Valuation in 2024 280,000
Cost 1,888,840
2,300,000

If investment property had not been revalued it would have been included at the following historical cost:

5.4.24 5.4.23
£    £   
Cost 1,888,840 1,888,840
Aggregate depreciation (283,326 ) (283,326 )

Investment property was valued on an open market basis on 5 April 2024 by the directors .

Widbury Developments Limited (Registered number: 07825248)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

5.4.24 5.4.23
£    £   
Bank loans 898,745 955,805

The bank loans are secured by fixed charges over the investment property of the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.24 5.4.23
value: £    £   
100 Ordinary Shares £1 100 100

8. ULTIMATE CONTROLLING PARTY

The controlling party is Trustees of the JF Buxton 1961Settlement.