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Company Registration No. 08605553 (England and Wales)
Wharfedale Developments Limited Unaudited accounts for the year ended 31 March 2025
Wharfedale Developments Limited Unaudited accounts Contents
Page
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Wharfedale Developments Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
300,948 
251,475 
Tangible assets
80,941 
47,090 
381,889 
298,565 
Current assets
Debtors
50,989 
63,496 
Cash at bank and in hand
20,124 
16,880 
71,113 
80,376 
Creditors: amounts falling due within one year
(168,294)
(195,821)
Net current liabilities
(97,181)
(115,445)
Total assets less current liabilities
284,708 
183,120 
Creditors: amounts falling due after more than one year
(139,405)
(159,109)
Provisions for liabilities
Deferred tax
(15,379)
(8,947)
Net assets
129,924 
15,064 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
129,824 
14,964 
Shareholders' funds
129,924 
15,064 
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 9 April 2025 and were signed on its behalf by
Lester Hurst Director Company Registration No. 08605553
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Wharfedale Developments Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Wharfedale Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 08605553. The registered office is 56-58 Kirkgate, Otley, West Yorkshire, LS21 3HJ.
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:
Land & buildings
20% Straight Line
Plant & machinery
25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets
Intangible fixed assets which represent cryptoassets are initially recognized at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they are measured at fair value at the reporting date. Changes in fair value are recognised in profit or loss.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met . Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable . A grant received before the recognition criteria are satisfied is recognised as a liability.
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Wharfedale Developments Limited Notes to the Accounts for the year ended 31 March 2025
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2024
250,000 
1,475 
251,475 
Additions
- 
81,312 
81,312 
Disposals
- 
(37,848)
(37,848)
Revaluations
- 
6,009 
6,009 
At 31 March 2025
250,000 
50,948 
300,948 
Amortisation
At 1 April 2024
- 
- 
- 
At 31 March 2025
- 
- 
- 
Net book value
At 31 March 2025
250,000 
50,948 
300,948 
At 31 March 2024
250,000 
1,475 
251,475 
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Wharfedale Developments Limited Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
29,110 
67,610 
96,720 
Additions
- 
42,802 
42,802 
At 31 March 2025
29,110 
110,412 
139,522 
Depreciation
At 1 April 2024
29,110 
20,520 
49,630 
Charge for the year
- 
8,951 
8,951 
At 31 March 2025
29,110 
29,471 
58,581 
Net book value
At 31 March 2025
- 
80,941 
80,941 
At 31 March 2024
- 
47,090 
47,090 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,043 
9,942 
Accrued income and prepayments
6,928 
9,480 
Other debtors
31,018 
44,074 
50,989 
63,496 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
5,472 
6,800 
Obligations under finance leases and hire purchase contracts
6,000 
- 
Trade creditors
23,913 
18,308 
Taxes and social security
63,740 
42,658 
Other creditors
69,169 
128,055 
168,294 
195,821 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
22,465 
26,609 
Obligations under finance leases and hire purchase contracts
26,940 
- 
Other creditors
90,000 
132,500 
139,405 
159,109 
9
Average number of employees
During the year the average number of employees was 7 (2024: 7).
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