Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31Developing of building projects22023-03-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11058321 2023-03-01 2024-08-31 11058321 2024-08-31 11058321 2022-03-01 2023-02-28 11058321 2023-02-28 11058321 c:Director1 2023-03-01 2024-08-31 11058321 d:CurrentFinancialInstruments 2024-08-31 11058321 d:CurrentFinancialInstruments 2023-02-28 11058321 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 11058321 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11058321 d:ShareCapital 2024-08-31 11058321 d:ShareCapital 2023-02-28 11058321 d:RetainedEarningsAccumulatedLosses 2024-08-31 11058321 d:RetainedEarningsAccumulatedLosses 2023-02-28 11058321 c:FRS102 2023-03-01 2024-08-31 11058321 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-08-31 11058321 c:FullAccounts 2023-03-01 2024-08-31 11058321 c:PrivateLimitedCompanyLtd 2023-03-01 2024-08-31 11058321 4 2023-03-01 2024-08-31 11058321 e:PoundSterling 2023-03-01 2024-08-31 iso4217:GBP xbrli:pure
Registered number: 11058321


WEST HAM LANE DEVELOPMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2024

 
WEST HAM LANE DEVELOPMENTS LTD
REGISTERED NUMBER: 11058321

BALANCE SHEET
FOR THE PERIOD ENDED 31 AUGUST 2024

31 August
28 February
2024
2023
Note
£
£

  

Current assets
  

Stocks
  
-
1,073,862

Debtors: amounts falling due within one year
 4 
146,640
165,500

Cash at bank and in hand
 5 
20,789
843,326

  
167,429
2,082,688

Creditors: amounts falling due within one year
 6 
(124,815)
(1,315,736)

Net current assets
  
 
 
42,614
 
 
766,952

Total assets less current liabilities
  
42,614
766,952

  

Net assets
  
42,614
766,952


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
42,514
766,852

  
42,614
766,952


Page 1

 
WEST HAM LANE DEVELOPMENTS LTD
REGISTERED NUMBER: 11058321
    
BALANCE SHEET (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Budgen
Director
Date: 27 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WEST HAM LANE DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

West Ham Lane Developments Ltd is a private limited company which is incorporated and domiciled in the UK, the date of incorporation is the 10th November 2017. The registered office address is 1 Vincent Square, London, SW1P 2PN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3

 
WEST HAM LANE DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
WEST HAM LANE DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).


4.


Debtors

31 August
28 February
2024
2023
£
£


Other debtors
146,640
165,500

146,640
165,500



5.


Cash and cash equivalents

31 August
28 February
2024
2023
£
£

Cash at bank and in hand
20,789
843,326

20,789
843,326



6.


Creditors: Amounts falling due within one year

31 August
28 February
2024
2023
£
£

Trade creditors
9,537
43,975

Corporation tax
28,871
141,328

Other taxation and social security
919
-

Other creditors
33,242
1,127,933

Accruals and deferred income
52,246
2,500

124,815
1,315,736


Page 5

 
WEST HAM LANE DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

7.


Related party transactions

At the balance sheet date the following amounts were outstanding:
A balance of £3,510 (February 2023: £3,510) was owed to Projectlab (UK) Limited, a company under common control of the shareholders of West Ham Lane Developments.
A balance of £27,539 (February 2023: £46,539) was owed to The Lab Developments (Creative Living) Ltd, a company under common control of the shareholders of West Ham Lane Developments.
A balance of £nil (February 2023: £4,968) was owed to Energylab Consulting Ltd, a company under common control of the shareholders of West Ham Lane Developments.
A balance of £nil (February 2023: £211,698 owed to) was owed by SpacelabUK Limited, a company under common control of the shareholders of West Ham Lane Developments.
A balance of £135,000 (February 2023: £135,000) was owed by Clarendon Rise Developments Limited, a company under common control of the shareholders of West Ham Lane Developments.
A balance of £nil (February 2023: £624,303) was owed to Urbanlab Ltd., a company under common control of the shareholders of West Ham Lane Developments.
A balance of £540 (February 2023: £540) was owed by Braemar Avenue Ltd, a company under common control of the shareholders of West Ham Lane Developments.
A balance of £11,000 (February 2023: £11,000) was owed by The Depot Ltd, a company under common control of the shareholders of West Ham Lane Developments.
A balance of £2,193 (February 2023: £nil) was owed to 102 West Ham Lane, a company under common control of the directors of West Ham Lane Developments.
Also at the balance sheet date, amounts of £50 (February 2023: £50) and £50 (February 2023: £50) were owed to the company by the two directors, Andrew Budgen and Nathan Lonsdale.

 
Page 6