Waveney Developments (Diss) Limited |
Registered Number:09710421 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
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
Waveney Developments (Diss) Limited
Statement of Financial Position
2023
2024
2
55,863
-
55,863
-
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)
2
2
(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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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. |
C/O Reads Property Developments
Hopper Way
Diss
Norfolk
IP22 4GT
The presentation currency is £ sterling. |
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. |
55,863
55,863
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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For the year ended 30 September 2024
Waveney Developments (Diss) Limited
Notes to the Financial Statements Continued
3. Trade and other receivables |
2023
2024
5,099
5,000
4. Trade and other payables: amounts falling due within one year |
2023
2024
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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