Walbert Developments Limited Filleted Accounts Cover
Walbert Developments Limited
Company No. 11098677
Information for Filing with The Registrar
30 December 2022
Walbert Developments Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 December 2022.
Principal activities
The principal activity of the company during the year under review was .
Directors
The Directors who served at any time during the year were as follows:
G. Fraser
(Resigned 17 April 2025)
S. Renfrew
(Resigned 19 January 2022)
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
R. Lanyon
Director
22 July 2025
Walbert Developments Limited Balance Sheet Registrar
at
30 December 2022
Company No.
11098677
Notes
2022
2021
£
£
Current assets
Stocks
4
472,500472,500
Debtors
5
203,920300
Cash at bank and in hand
3,275-
679,695472,800
Creditors: Amount falling due within one year
6
(18,141)
(13,952)
Net current assets
661,554458,848
Total assets less current liabilities
661,554458,848
Creditors: Amounts falling due after more than one year
7
(486,406)
-
Net assets
175,148458,848
Capital and reserves
Called up share capital
11
Profit and loss account
8
175,147458,847
Total equity
175,148458,848
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 December 2022 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 22 July 2025 and signed on its behalf by:
R. Lanyon
Director
22 July 2025
Walbert Developments Limited Notes to the Accounts Registrar
for the year ended 30 December 2022
1
General information
Walbert Developments Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11098677
Its registered office is:
12-13 Lansdowne Terrace
Newcastle Upon Tyne
NE3 1HN
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Stocks
Stocks which comprise of development land held for resale are stated at the lower of cost and estimated selling price less costs to complete and sell.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in
which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2022
2021
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Stocks
2022
2021
£
£
Work in progress
472,500472,500
472,500472,500
5
Debtors
2022
2021
£
£
Amounts owed by group undertakings
197,338-
VAT recoverable
6,282-
Other debtors
300300
203,920300
6
Creditors:
amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
-20
Trade creditors
7,941-
Amounts owed to group undertakings
-
1,682
Accruals and deferred income
10,20012,250
18,14113,952
7
Creditors:
amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
486,406-
486,406-
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Related party disclosures
Transactions with related parties
Parent Company
The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:
Hadrian Real Estate plc
The parent's registered office address is:
Rotterdam House
116 Quayside
Newcastle upon Tyne
NE1 3DY
Walbert Developments Limited1109867730 December 202231 December 2021false22 July 2025BTCSoftware AP Solution 2025 12.1.0212.1.02true110986772021-12-312022-12-30110986772022-12-30110986772021-12-3011098677core:WithinOneYear2022-12-3011098677core:WithinOneYear2021-12-3011098677core:AfterOneYear2022-12-3011098677core:AfterOneYear2021-12-3011098677core:ShareCapital2022-12-3011098677core:ShareCapital2021-12-3011098677core:RetainedEarningsAccumulatedLosses2022-12-3011098677core:RetainedEarningsAccumulatedLosses2021-12-3011098677countries:UnitedKingdom2021-12-312022-12-3011098677bus:RegisteredOffice2021-12-312022-12-30110986772020-12-312021-12-3011098677core:RetainedEarningsAccumulatedLosses2021-12-312022-12-30110986772021-12-3111098677bus:SmallEntities2021-12-312022-12-3011098677bus:FullAccounts2021-12-312022-12-3011098677bus:AuditExempt-NoAccountantsReport2021-12-312022-12-3011098677bus:Director22021-12-312022-12-3011098677bus:PrivateLimitedCompanyLtd2021-12-312022-12-30iso4217:GBPxbrli:pure