Registered number
10435520
Willday Property & Construction Limited
Unaudited Filleted Accounts
31 October 2024
David Matthews BA FCA
Linwood
St Peters Road
Arnesby
Leicester
LE8 5WJ
Willday Property & Construction Limited
Registered number: 10435520
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,246,522 1,038,839
Current assets
Cash at bank and in hand 11,161 13,709
Creditors: amounts falling due within one year 4 (418,889) (268,218)
Net current liabilities (407,728) (254,509)
Total assets less current liabilities 838,794 784,330
Creditors: amounts falling due after more than one year 5 (828,381) (773,407)
Net assets 10,413 10,923
Capital and reserves
Called up share capital 2 2
Profit and loss account 10,411 10,921
Shareholders' funds 10,413 10,923
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E.J. Willday
Director
Approved by the board on 23 January 2025
Willday Property & Construction Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold land and buildings nil
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2023 1,038,839
Additions 207,683
At 31 October 2024 1,246,522
Depreciation
At 31 October 2024 -
Net book value
At 31 October 2024 1,246,522
At 31 October 2023 1,038,839
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,441 2,561
Other creditors 416,448 265,657
418,889 268,218
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 828,381 773,407
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 828,381 773,407
The bank loans are secured on the rental properties that the Copany owns.
7 Other information
Willday Property & Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
Linwood
St Peters Road
Arnesby
Leicester
LE8 5WJ
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