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REGISTERED NUMBER: 03906823 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

B.W. DEVELOPMENTS LIMITED

B.W. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03906823)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.W. DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: E N S Walker
A P Walker





SECRETARY: E N S Walker





REGISTERED OFFICE: Fords Farm
Winston
Stowmarket
Suffolk
IP14 6BD





REGISTERED NUMBER: 03906823 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

B.W. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03906823)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 837,063 837,588

CURRENT ASSETS
Debtors 5 56,207 14,933
Cash at bank - 10,637
56,207 25,570
CREDITORS
Amounts falling due within one year 6 408,458 381,132
NET CURRENT LIABILITIES (352,251 ) (355,562 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,812

482,026

CREDITORS
Amounts falling due after more than one
year

7

167,230

164,000
NET ASSETS 317,582 318,026

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 225,000 225,000
Retained earnings 92,482 92,926
SHAREHOLDERS' FUNDS 317,582 318,026

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.

B.W. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03906823)

BALANCE SHEET - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





E N S Walker - Director


B.W. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03906823)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

B.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.

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.

The financial statements include the results of the company's operations all of which are continuing. The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st March 2024 the company's current liabilities exceeded its current assets by £352,251 and total liabilities of the company were £575,688. The company is reliant upon the continued support of its directors, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided as necessary to enable the company to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Computer equipment - 20% on reducing balance

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

Current 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.

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 2 (2023 - 1 ) .

B.W. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03906823)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements
Land and to Computer
Property property equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 835,363 10,814 8,180 854,357
DEPRECIATION
At 1 April 2023 - 10,750 6,019 16,769
Charge for year - 16 509 525
At 31 March 2024 - 10,766 6,528 17,294
NET BOOK VALUE
At 31 March 2024 835,363 48 1,652 837,063
At 31 March 2023 835,363 64 2,161 837,588

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,155 13,282
Social security and other taxes 308 -
Directors' current accounts 29,616 1,651
Prepayments 2,128 -
56,207 14,933

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,131 -
Trade creditors 325 325
Tax 19 1,135
BWP loan 365,973 365,973
Directors' current accounts - 11,833
Accruals 2,010 1,866
408,458 381,132

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans due in more than
five years 167,230 164,000
167,230 164,000

B.W. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03906823)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due in more than
five years 167,230 164,000
167,230 164,000

8. SECURED DEBTS

The bank loan is secured by a fixed charge over the company's assets dated 31st October 2016.
There is also a fixed charge over the company's share capital dated 12th May 2021.

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 225,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st March 2024, the directors' loan account was overdrawn by £29,616. This will be repaid to the company by the director within 9 months of the year end.

11. ULTIMATE CONTROLLING PARTY

The controlling parties are Mrs A P Walker and Mr E N S Walker by virtue of their 100% ownership of the issued ordinary share capital.