Registered number
13183687
WME Developments Ltd
Filleted Accounts
28 February 2025
WME Developments Ltd
Registered number: 13183687
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 675,536 927,199
Current assets
Debtors 4 14,372 -
Cash at bank and in hand 1,066 1,586
15,438 1,586
Creditors: amounts falling due within one year 5 (690,877) (705,846)
Net current liabilities (675,439) (704,260)
Total assets less current liabilities 97 222,939
Creditors: amounts falling due after more than one year 6 - (270,000)
Net assets/(liabilities) 97 (47,061)
Capital and reserves
Called up share capital 60 60
Share premium (9,333) (9,333)
Profit and loss account 9,370 (37,788)
Shareholders' funds 97 (47,061)
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.
D C Willetts
Director
Approved by the board on 7 May 2025
WME Developments Ltd
Notes to the Accounts
for the year ended 28 February 2025
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
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 buildings 0%
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2024 927,199
Additions 20,313
Disposals (271,976)
At 28 February 2025 675,536
Depreciation
At 28 February 2025 -
Net book value
At 28 February 2025 675,536
At 29 February 2024 927,199
4 Debtors 2025 2024
£ £
Other debtors 14,372 -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 13,733 -
Other creditors 677,144 705,846
690,877 705,846
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 270,000
7 Loans 2025 2024
£ £
Creditors include:
Secured bank loans 270,000 270,000
There are charges held over the freehold properties by Onesavings Bank PLC.
8 Other information
WME Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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