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REGISTERED NUMBER: 09777673 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2023

FOR

WORSTEAD LAND AND DEVELOPMENTS LIMITED

WORSTEAD LAND AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09777673)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WORSTEAD LAND AND DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: J Coaley
H J Coaley
Mrs M Cocker





REGISTERED OFFICE: Smallburgh Hall
Hall Lane
Smallburgh
Norfolk
NR12 9NW





REGISTERED NUMBER: 09777673 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

WORSTEAD LAND AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09777673)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,844 33,126
Investments 5 1 1
24,845 33,127

CURRENT ASSETS
Stocks 5,100,000 4,662,095
Debtors 6 710,403 1,586,856
Cash at bank and in hand 59,211 18,004
5,869,614 6,266,955
CREDITORS
Amounts falling due within one year 7 5,943,979 6,088,329
NET CURRENT (LIABILITIES)/ASSETS (74,365 ) 178,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

(49,520

)

211,753

CREDITORS
Amounts falling due after more than one
year

8

37,445

58,138
NET (LIABILITIES)/ASSETS (86,965 ) 153,615

CAPITAL AND RESERVES
Called up share capital 3,600 3,600
Retained earnings (90,565 ) 150,015
SHAREHOLDERS' FUNDS (86,965 ) 153,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

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 18 June 2025 and were signed on its behalf by:




Mrs M Cocker - Director


WORSTEAD LAND AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09777673)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Worstead Land and Developments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Worstead Land and Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stock and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

WORSTEAD LAND AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09777673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 72,622
DEPRECIATION
At 1 October 2022 39,496
Charge for year 8,282
At 30 September 2023 47,778
NET BOOK VALUE
At 30 September 2023 24,844
At 30 September 2022 33,126

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 1
NET BOOK VALUE
At 30 September 2023 1
At 30 September 2022 1

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 50,000 -
Amounts owed by group undertakings 228,997 -
Other debtors 431,406 1,378,657
710,403 1,378,657

Amounts falling due after more than one year:
Amounts owed by group undertakings - 208,199

Aggregate amounts 710,403 1,586,856

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,326 11,403
Hire purchase contracts 9,612 9,121
Trade creditors 200,695 172,656
Taxation and social security 57,601 65,174
Other creditors 5,664,745 5,829,975
5,943,979 6,088,329

WORSTEAD LAND AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09777673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,171 31,252
Hire purchase contracts 17,274 26,886
37,445 58,138

9. RELATED PARTY DISCLOSURES

Included within cost of sales is an amount of £199,168 (2022: £124,333) relating to a LLP in which the directors have a controlling interest. Included within trade creditors is an amount of £26,485 (2022: £61,096) which is owed to the LLP. Included within debtors is an amount of £137,635 (2022: £64,531) which is owed by the LLP. Included within debtors is also an amount of £0 (2022: £188,454) owed by a connected party.

10. SECURED CREDITORS

Helmsley Acceptances Limited has a charge on the freehold property and a charge on leasehold property and contains a negative pledge.