ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Company registration number: 03548004

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 JANUARY 2025

	ST WILFRIDS DEVELOPMENT COMPANY LIMITED


ST WILFRIDS DEVELOPMENT COMPANY LIMITED

COMPANY INFORMATION

Directors	Mr P A K Jeffery
	Mr C Griffin


Registered number	03548004


Registered office	Stable Cockaynes Lane
	Alresford
	Colchester
	Essex
	CO7 8BZ


Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


ST WILFRIDS DEVELOPMENT COMPANY LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 4


ST WILFRIDS DEVELOPMENT COMPANY LIMITED REGISTERED NUMBER:03548004

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		330,000		330,000
			330,000		330,000
Current assets
Debtors: amounts falling due within one year	5	144,682		144,732
Cash at bank and in hand		47		123
		144,729		144,855
Creditors: amounts falling due within one year	6	(418,668)		(417,903)
Net current liabilities			(273,939)		(273,048)
Total assets less current liabilities			56,061		56,952

Net assets			56,061		56,952

Page 1


ST WILFRIDS DEVELOPMENT COMPANY LIMITED REGISTERED NUMBER:03548004

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2025

		2025		2024
		£		£

Capital and reserves
Called up share capital	82	82
Profit and loss account	55,979	56,870
	56,061	56,952

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 year 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:

Mr P A K Jeffery

Director

Date: 4 April 2025

The notes on pages 3 to 4 form part of these financial statements.

Page 2


ST WILFRIDS DEVELOPMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

St Wilfrids Development Company Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

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

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.3

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.

2.4

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.

2.5

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 3


ST WILFRIDS DEVELOPMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 February 2024	330,000
	At 31 January 2025	330,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Debtors

					2025	2024
					£	£


Other debtors	144,682	144,732
	144,682	144,732

Other creditors	416,253	416,253
Accruals and deferred income	2,415	1,650
	418,668	417,903

7.	Related party transactions
	At the period end date amounts owed to the directors amounted to £416,253 (2024 £416,253). This amount is undated and interest free. At the period end date amounts owed from group companies totalled £144,682 (2024 £144,732). This amount is undated and interest free.

Page 4