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REGISTERED NUMBER: 04040272 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 December 2024

for

WALPOLE DEVELOPMENTS 2000 LTD

WALPOLE DEVELOPMENTS 2000 LTD (REGISTERED NUMBER: 04040272)






Contents of the Financial Statements
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALPOLE DEVELOPMENTS 2000 LTD

Company Information
For The Year Ended 31 December 2024







DIRECTORS: A K Clarke
E L Clarke
R H Clarke
S C Clarke



REGISTERED OFFICE: Suite 3, Quantum House,
Skyline Court, Third Avenue
Centrum 100
Burton on Trent
Staffordshire
DE14 2BZ



REGISTERED NUMBER: 04040272 (England and Wales)



ACCOUNTANTS: Peach & Co.
Chartered Accountants
Suite 3, Quantum House,
Skyline Court, Third Avenue
Centrum 100
Burton on Trent
Staffordshire
DE14 2BZ



BANKERS: Lloyds Bank
16 High Street
Burton on Trent
Staffordshire
DE14 2JA



SOLICITORS: Astle Paterson
181 Horninglow Street
Burton on Trent
Staffordshire
DE14 1NJ

WALPOLE DEVELOPMENTS 2000 LTD (REGISTERED NUMBER: 04040272)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,514 1,892
Investment property 5 1,005,000 1,005,000
1,006,514 1,006,892

CURRENT ASSETS
Debtors 6 6,845 5,858
Cash at bank 25,549 13,959
32,394 19,817
CREDITORS
Amounts falling due within one year 7 28,728 23,768
NET CURRENT ASSETS/(LIABILITIES) 3,666 (3,951 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,010,180

1,002,941

CREDITORS
Amounts falling due after more than one
year

8

(420,198

)

(423,156

)

PROVISIONS FOR LIABILITIES (66,019 ) (66,007 )
NET ASSETS 523,963 513,778

CAPITAL AND RESERVES
Called up share capital 900 900
Share premium 8,100 8,100
Non-distributable reserves 10 421,194 421,194
Retained earnings 93,769 83,584
SHAREHOLDERS' FUNDS 523,963 513,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WALPOLE DEVELOPMENTS 2000 LTD (REGISTERED NUMBER: 04040272)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





A K Clarke - Director


WALPOLE DEVELOPMENTS 2000 LTD (REGISTERED NUMBER: 04040272)

Notes to the Financial Statements
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Walpole Developments 2000 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 modified by the revaluation of certain assets.

Turnover
Turnover represents rental income receivable.

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 - 20% on reducing balance

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is shown in the income statement.

Taxation
Taxation for the year comprises current and deferred tax 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 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.

3. EMPLOYEES AND DIRECTORS

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

WALPOLE DEVELOPMENTS 2000 LTD (REGISTERED NUMBER: 04040272)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 10,504
DEPRECIATION
At 1 January 2024 8,612
Charge for year 378
At 31 December 2024 8,990
NET BOOK VALUE
At 31 December 2024 1,514
At 31 December 2023 1,892

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,005,000
NET BOOK VALUE
At 31 December 2024 1,005,000
At 31 December 2023 1,005,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 421,194
Cost 583,806
1,005,000

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

2024 2023
£    £   
Cost 583,806 583,806

The investment property was valued on an open market basis on 31 December 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,845 5,858

WALPOLE DEVELOPMENTS 2000 LTD (REGISTERED NUMBER: 04040272)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,442 12,439
Taxation and social security 6,225 3,905
Other creditors 9,061 7,424
28,728 23,768

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 101,772 115,154
Other creditors 318,426 308,002
420,198 423,156

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 36,189 54,476

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 115,214 127,593

The bank loans are secured on the properties known as Walpole House and The Groom's Cottage. A loan of £90,000 originally from Mrs S M Clarke but taken on by the remaining directors following her death in 2021, is secured on the properties known as The Mews, The Hayloft and The Stables.

10. RESERVES
Non-distributable
reserves
£   
At 1 January 2024
and 31 December 2024 421,194

11. RELATED PARTY DISCLOSURES

Rental income of £7,560 (2023: £7,560) was received from Mr R H Clarke a director and shareholder of the company.

At 31 December 2024 the company owed a total of £198,427 (2023: £308,002) to its directors. From 1 January 2010 to 31 December 2023, these loans attracted an interest rate of 2% above the Bank of England base rate. Since 1 January 2024 the terms have been varied such that the company will pay the lower of 5% and 2% above the Bank of England base rate. The directors continue to agree to give the company at least 12 months notice of their intention to withdraw their monies.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.