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REGISTERED NUMBER: 12072639 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 JUNE 2023 TO 28 JUNE 2024

FOR

WILTON STUDENT DEVELOPMENTS (EGERTON)
LTD

WILTON STUDENT DEVELOPMENTS (EGERTON)
LTD (REGISTERED NUMBER: 12072639)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 JUNE 2023 TO 28 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WILTON STUDENT DEVELOPMENTS (EGERTON)
LTD

COMPANY INFORMATION
FOR THE PERIOD 30 JUNE 2023 TO 28 JUNE 2024







DIRECTOR: N K G Monks





REGISTERED OFFICE: C/O Galloways Accounting
The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 12072639 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

WILTON STUDENT DEVELOPMENTS (EGERTON)
LTD (REGISTERED NUMBER: 12072639)

BALANCE SHEET
28 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Stocks 5 173,256 165,594
Debtors 6 516,679 585,698
Cash at bank and in hand 4,151 34,431
694,086 785,723
CREDITORS
Amounts falling due within one year 7 2,725,892 2,735,967
NET CURRENT LIABILITIES (2,031,806 ) (1,950,244 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,031,805

)

(1,950,243

)

CREDITORS
Amounts falling due after more than one
year

8

14,167

24,167
NET LIABILITIES (2,045,972 ) (1,974,410 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (2,045,974 ) (1,974,412 )
SHAREHOLDERS' FUNDS (2,045,972 ) (1,974,410 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2025 and were signed by:





N K G Monks - Director


WILTON STUDENT DEVELOPMENTS (EGERTON)
LTD (REGISTERED NUMBER: 12072639)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 JUNE 2023 TO 28 JUNE 2024

1. STATUTORY INFORMATION

Wilton Student Developments (Egerton) Ltd 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.

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 shown by the attached Balance sheet the Company's assets are exceeded by its liabilities. The company is currently supported by its directors and by buyers of the units within the property being developed. Development has progressed since the Balance sheet Date and in the Directors' opinion it is therefore appropriate for these accounts to be prepared on a going concern basis.

Turnover
The Company is in the process of developing a major property. Sales of units will be recognised when there is an unconditional exchange of contracts. At the Balance Sheet Date development is still in process and so no sale of units have yet to be recognised as control has not yet passed to the buyers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Over the life of the lease

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

WILTON STUDENT DEVELOPMENTS (EGERTON)
LTD (REGISTERED NUMBER: 12072639)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 JUNE 2023 TO 28 JUNE 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 30 June 2023
and 28 June 2024 1
NET BOOK VALUE
At 28 June 2024 1
At 29 June 2023 1

5. STOCKS
2024 2023
£    £   
Work-in-progress 173,256 165,594

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 327,007 585,698
Directors' current accounts 774 -
Accruals 188,898 -
516,679 585,698

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,428,649 1,424,853
Creditors paid via Escrow 85,718 108,114
Option Funds 746,546 901,541
Tax 100 100
VAT 2,163 932
Other creditors 258,341 118,834
Accruals and deferred income 15,500 -
Accrued expenses 178,875 171,593
2,725,892 2,735,967

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
14,167 24,167

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 24,167 34,167

The Bounce Back Loan is in part guaranteed by H M Government.

WILTON STUDENT DEVELOPMENTS (EGERTON)
LTD (REGISTERED NUMBER: 12072639)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 JUNE 2023 TO 28 JUNE 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 June 2024 and the year ended 29 June 2023:

2024 2023
£    £   
N K G Monks
Balance outstanding at start of period - -
Amounts advanced 774 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 774 -

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.