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Company Registration No. 12830960 (England and Wales)
Walkem Property Development Ltd Unaudited accounts for the year ended 31 August 2024
Walkem Property Development Ltd Unaudited accounts Contents
Page
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Walkem Property Development Ltd Company Information for the year ended 31 August 2024
Directors
Jake Craig Kemsley Joe Walklett
Company Number
12830960 (England and Wales)
Registered Office
5 Strand Court Bath Road Cheltenham GL53 7LW England
Accountants
Accurox Limited 5 Strand Court Bath Road Cheltenham GL53 7LW
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Walkem Property Development Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
68,497 
69,206 
Current assets
Debtors
69,210 
- 
Cash at bank and in hand
120,425 
127,744 
189,635 
127,744 
Creditors: amounts falling due within one year
(129,184)
(70,108)
Net current assets
60,451 
57,636 
Total assets less current liabilities
128,948 
126,842 
Creditors: amounts falling due after more than one year
(118,578)
(123,488)
Net assets
10,370 
3,354 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
10,368 
3,352 
Shareholders' funds
10,370 
3,354 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by
Jake Craig Kemsley Director Company Registration No. 12830960
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Walkem Property Development Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Walkem Property Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 12830960. The registered office is 5 Strand Court, Bath Road, Cheltenham, GL53 7LW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% SL
Motor vehicles
25% SL
Computer equipment
25% SL
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Walkem Property Development Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
- 
77,657 
6,757 
84,414 
Additions
1,000 
22,583 
- 
23,583 
At 31 August 2024
1,000 
100,240 
6,757 
107,997 
Depreciation
At 1 September 2023
- 
12,989 
2,219 
15,208 
Charge for the year
250 
22,353 
1,689 
24,292 
At 31 August 2024
250 
35,342 
3,908 
39,500 
Net book value
At 31 August 2024
750 
64,898 
2,849 
68,497 
At 31 August 2023
- 
64,668 
4,538 
69,206 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
156,360 
- 
Accrued income and prepayments
(87,150)
- 
69,210 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
41,000 
(7,113)
Obligations under finance leases and hire purchase contracts
4,910 
4,910 
Trade creditors
44,058 
70,481 
Taxes and social security
59,611 
34,396 
Other creditors
293 
- 
Loans from directors
(20,688)
(32,666)
Accruals
- 
100 
129,184 
70,108 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
13,578 
18,488 
Other creditors
105,000 
105,000 
118,578 
123,488 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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