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Registration number: 11454541

Wellington Developments (Hereford) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2025

 

Wellington Developments (Hereford) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Wellington Developments (Hereford) Limited

Company Information

Director

Mr P L Tobin

Company secretary

Mrs C L Tobin

Registered office

St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

Accountants

Young & Co
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

Wellington Developments (Hereford) Limited

(Registration number: 11454541)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Current assets

 

Debtors

4

559,832

567,246

Cash at bank and in hand

 

1,293

946

 

561,125

568,192

Creditors: Amounts falling due within one year

5

(535,050)

(536,356)

Total assets less current liabilities

 

26,075

31,836

Creditors: Amounts falling due after more than one year

5

(22,684)

(28,239)

Net assets

 

3,391

3,597

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

3,390

3,596

Shareholders' funds

 

3,391

3,597

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Wellington Developments (Hereford) Limited

(Registration number: 11454541)
Balance Sheet as at 30 April 2025
(continued)

Approved and authorised by the director on 5 August 2025
 

.........................................
Mr P L Tobin
Director

 

Wellington Developments (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA
England

These financial statements were authorised for issue by the director on 5 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Wellington Developments (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Wellington Developments (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Debtors

Note

2025
£

2024
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

8

541,832

549,246

Other debtors

 

18,000

18,000

 

559,832

567,246

 

Wellington Developments (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

5,555

5,555

Trade creditors

 

820

958

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

528,675

528,675

Accruals and deferred income

 

-

960

Other creditors

 

-

208

 

535,050

536,356

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

22,684

28,239


Creditors include bank loans repayable by instalments of £463 (2024 - £6,018) due after more than five years.

 

Wellington Developments (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

22,684

28,239

Current loans and borrowings

2025
£

2024
£

Bank borrowings

5,555

5,555

 

Wellington Developments (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

8

Related party transactions

Loans to related parties

2025

Parent
£

Total
£

At start of period

549,246

549,246

Advanced

7,119

7,119

Repaid

(14,533)

(14,533)

At end of period

541,832

541,832

2024

Parent
£

Total
£

At start of period

555,507

555,507

Advanced

7,402

7,402

Repaid

(13,663)

(13,663)

At end of period

549,246

549,246

Terms of loans to related parties

The loans are unsecured. Part of the loan is interest free and repayable on demand, and part is interest bearing and has fixed repayment terms.
 

9

Parent and ultimate parent undertaking

The company's immediate parent is Riverside Construction (Hereford) Limited, incorporated in England.