2023-10-01 09710421 2024-09-30 09710421 2023-10-01 2024-09-30 09710421 2023-09-30 09710421 2022-10-01 2023-09-30 09710421 uk-core:WithinOneYear 2023-09-30 09710421 uk-core:WithinOneYear 2024-09-30 09710421 uk-core:ShareCapital 2024-09-30 09710421 uk-core:ShareCapital 2023-09-30 09710421 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 09710421 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 09710421 uk-bus:Director1 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure 09710421 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09710421 uk-bus:FRS102 2023-10-01 2024-09-30 09710421 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 09710421 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Waveney Developments (Diss) Limited
Registered Number:09710421
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
Waveney Developments (Diss) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09710421
As at 30 September 2024
Waveney Developments (Diss) Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2
55,863
-
Investment property
55,863
-
Current assets
Trade and other receivables
5,000
5,099
3
-
Cash and cash equivalents
821
5,920
5,000
Trade and other payables: amounts falling due within one
year
(245,187)
(308,464)
4
(240,187)
(302,544)
Net current liabilities
Total assets less current liabilities
(246,681)
(240,187)
(246,681)
Net liabilities
(240,187)
Capital and reserves
Called up share capital
2
2
Retained earnings
(246,683)
(240,189)
(246,681)
(240,187)
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
L C Read-Farrell Director
These financial statements were approved and authorised for issue by the Board on 26 June 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2024
Waveney Developments (Diss) Limited
Notes to the Financial Statements
Statutory Information
Waveney Developments (Diss) Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 09710421.
Registered address:
C/O Reads Property Developments
Hopper Way
Diss
Norfolk
IP22 4GT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Investment property
Investment property which is held for capital appreciation, is initially recognised at cost, which includes purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.
Going Concern
At 30 September 2024, the company had net current liabilities of £302,544 (2023: £240,187) and net liabilties of
£246,681 (2023: £240,187). The directors are both of the opinion that the continued support from the company's
shareholders and other companies under common control will be sufficient to enable the company to continue
operating for at least the 12 months from the signing of these accounts, and pay its debts as they fall due. The
directors have therefore concluded that the accounts should be prepared on a going concern basis.
2. Investment property
Total
£
Fair value
Additions
55,863
At 30 September 2024
55,863
Net book value
At 30 September 2024
55,863
Investment property comprises of land held for capital appreciation. The directors are of the opinion that the fair value of the property is £55,863 as of 30 September 2024 based on market value of existing use.
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5
For the year ended 30 September 2024
Waveney Developments (Diss) Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
5,099
5,000
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Other creditors
308,464
245,187
5. Related party transactions
As at 30 September 2024 there was an amount due from a company under common control of £5,000 (2023:
£5,000). This loan has been provided on an interest free basis and is repayable on demand. The balance is included
in other debtors in note 3 to the accounts.
During the year, the company was loaned £65,267 from companies under common control. As at 30 September
2024 there was an amount due from these companies of £132,614 (2023: £67,347). This loan has been provided on
an interest free basis and is repayable on demand. The balance is included in other creditors in note 4 to the
accounts.
In addition as at 30 September 2024 there is an amount due to a former director of £173,590 (2023: £173,590). This
loan was provided to the company on an interest free basis and is repayable on demand. The balance is included in
other creditors in note 4 to the accounts.
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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