1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-10 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14859534 2023-05-10 2024-05-31 14859534 2024-05-31 14859534 2023-05-09 14859534 bus:OrdinaryShareClass1 2023-05-10 2024-05-31 14859534 bus:Director1 2023-05-10 2024-05-31 14859534 core:WithinOneYear 2024-05-31 14859534 core:ShareCapital 2024-05-31 14859534 bus:SmallEntities 2023-05-10 2024-05-31 14859534 bus:AuditExemptWithAccountantsReport 2023-05-10 2024-05-31 14859534 bus:SmallCompaniesRegimeForAccounts 2023-05-10 2024-05-31 14859534 bus:PrivateLimitedCompanyLtd 2023-05-10 2024-05-31 14859534 bus:FullAccounts 2023-05-10 2024-05-31 14859534 bus:OrdinaryShareClass1 2024-05-31
COMPANY REGISTRATION NUMBER: 14859534
Wolverton Developments Limited
Filleted Unaudited Financial Statements
31 May 2024
Wolverton Developments Limited
Financial Statements
Period from 10 May 2023 to 31 May 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Wolverton Developments Limited
Statement of Financial Position
31 May 2024
31 May 24
Note
£
£
Current assets
Stocks
2,313,000
Cash at bank and in hand
10,000
------------
2,323,000
Creditors: amounts falling due within one year
5
2,322,999
------------
Net current assets
1
----
Total assets less current liabilities
1
----
Capital and reserves
Called up share capital
6
1
----
Shareholders funds
1
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 February 2025 , and are signed on behalf of the board by:
Mr G.B. Velani
Director
Company registration number: 14859534
Wolverton Developments Limited
Notes to the Financial Statements
Period from 10 May 2023 to 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 109 West Hendon Broadway, London, NW9 7BN, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Creditors: amounts falling due within one year
31 May 24
£
Trade creditors
2,313,000
Other creditors
9,999
------------
2,322,999
------------
6. Called up share capital
Issued, called up and fully paid
31 May 24
No.
£
Ordinary shares of £ 1 each
1
1
----
----
During the period, 1 Ordinary share of £1.00 was issued at par to form the capital base of the company.
7. Related party transactions
Transactions with related parties undertaken, such as are required to be disclosed under FRS 102,were as follows:
2024
£
Balances owed by/(owed to):
Other related parties (9,999)
-------
The amounts owed by/(owed to) related parties are in respect of short term interest free loans.