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REGISTERED NUMBER: 06556148 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

T W J DEVELOPMENTS LIMITED

T W J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06556148)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T W J DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mrs J Ware





REGISTERED OFFICE: 74 Palmerston Road
Southsea
PO5 3PT





REGISTERED NUMBER: 06556148 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

T W J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06556148)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 476,470 476,470
476,470 476,470

CURRENT ASSETS
Debtors 6 306,552 282,620

CREDITORS
Amounts falling due within one year 7 284,588 284,873
NET CURRENT ASSETS/(LIABILITIES) 21,964 (2,253 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,434

474,217

CREDITORS
Amounts falling due after more than one
year

8

(367,008

)

(371,740

)

PROVISIONS FOR LIABILITIES (27,500 ) (19,582 )
NET ASSETS 103,926 82,895

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,826 82,795
SHAREHOLDERS' FUNDS 103,926 82,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

T W J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06556148)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2025 and were signed by:





Mrs J Ware - Director


T W J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06556148)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

T W J 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.

Turnover
Turnover represents sales of property and other connected income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

Investment property
Tangible fixed assets include investment properties valued on an existing open market value basis by the director.

Although this accounting policy is in accordance with FRS102, it is a departure form the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

T W J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06556148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 634
DEPRECIATION
At 1 May 2023
and 30 April 2024 634
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 476,470
NET BOOK VALUE
At 30 April 2024 476,470
At 30 April 2023 476,470

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2017 61,855
Valuation in 2021 110,000
Cost 304,615
476,470

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

2024 2023
£    £   
Cost 304,615 188,145

Investment property was valued on an open market basis on 30 April 2024 by the director .

T W J DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06556148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 306,552 282,620

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,617 52,062
Amounts owed to associates 209,190 192,284
Taxation and social security 36,101 38,929
Other creditors 1,680 1,598
284,588 284,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 37,008 41,740
Other creditors 330,000 330,000
367,008 371,740

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 31,951 34,869
Bank loans 42,674 58,933
74,625 93,802

Bank loans and overdrafts are secured over the assets of the company.