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REGISTERED NUMBER: 06978320 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2024

FOR

WILBEN DEVELOPMENTS LIMITED

WILBEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06978320)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILBEN DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 AUGUST 2024







DIRECTORS: Mr W Samuels
Mr B A Samuels





REGISTERED OFFICE: 21-23 Mossop Street
London
United Kingdom
SW3 2LY





REGISTERED NUMBER: 06978320 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

WILBEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06978320)

BALANCE SHEET
30 AUGUST 2024

30.8.24 30.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,157 4,280

CURRENT ASSETS
Debtors 5 404,773 438,619
Cash at bank 1,048 3,860
405,821 442,479
CREDITORS
Amounts falling due within one year 6 597,110 425,232
NET CURRENT (LIABILITIES)/ASSETS (191,289 ) 17,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

(186,132

)

21,527

CREDITORS
Amounts falling due after more than one
year

7

(5,730

)

(20,670

)

PROVISIONS FOR LIABILITIES 10 (980 ) (814 )
NET (LIABILITIES)/ASSETS (192,842 ) 43

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (192,844 ) 41
SHAREHOLDERS' FUNDS (192,842 ) 43

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2024 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.

WILBEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06978320)

BALANCE SHEET - continued
30 AUGUST 2024


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 and authorised for issue by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:





Mr W Samuels - Director


WILBEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06978320)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024

1. STATUTORY INFORMATION

Wilben 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.

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.

The company has net current liabilities and net liabilities at the balance sheet date. This is due to funds owed to a connected company with common directors and ultimate controlling parties. The directors have confirmed the going concern basis is appropriate as the connected company will not seek repayment of this balance until the entity is in a position to do so, and not in the next 12 months.

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 - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WILBEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06978320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 August 2023 32,237
Additions 4,918
Disposals (1,943 )
At 30 August 2024 35,212
DEPRECIATION
At 31 August 2023 27,957
Charge for year 3,598
Eliminated on disposal (1,500 )
At 30 August 2024 30,055
NET BOOK VALUE
At 30 August 2024 5,157
At 30 August 2023 4,280

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 30.8.23
£    £   
Trade debtors 134 -
Other debtors 404,639 438,619
404,773 438,619

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 30.8.23
£    £   
Bank loans and overdrafts (see note 8) 10,378 10,014
Trade creditors 466 21,394
Taxation and social security 5,857 3,272
Other creditors 580,409 390,552
597,110 425,232

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.8.24 30.8.23
£    £   
Bank loans (see note 8) 5,730 20,670

Bank loans represents a Covid-19 Bounceback loan.

WILBEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06978320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024

8. LOANS

An analysis of the maturity of loans is given below:

30.8.24 30.8.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,378 10,014

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,730 20,670

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.8.24 30.8.23
£    £   
Within one year - 25,729

10. PROVISIONS FOR LIABILITIES
30.8.24 30.8.23
£    £   
Deferred tax 980 814

Deferred
tax
£   
Balance at 31 August 2023 814
Provided during year 166
Balance at 30 August 2024 980

11. RELATED PARTY DISCLOSURES

The aggregate amount owed to the directors at the balance sheet date is £109 (30.8.23: by £5,929).

12. ULTIMATE CONTROLLING PARTY

The company is not under the control of any one individual or any other entity.