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REGISTERED NUMBER: 06142257 (England and Wales)















Property Developments Wessex Limited

Unaudited Financial Statements for the Year Ended 28th February 2025






Property Developments Wessex Limited (Registered number: 06142257)

Contents of the Financial Statements
for the Year Ended 28th February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Property Developments Wessex Limited

Company Information
for the Year Ended 28th February 2025







DIRECTORS: Dr R Bennett
C J Bennett
T Bennett
B C Soulby





SECRETARY: B C Soulby





REGISTERED OFFICE: Undy's Cottage
39 Charnham Street
Hungerford
Berkshire
RG17 0EJ





REGISTERED NUMBER: 06142257 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Property Developments Wessex Limited (Registered number: 06142257)

Balance Sheet
28th February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,394 11,091
Investment property 6 300,000 300,000
307,394 311,091

CURRENT ASSETS
Debtors 7 2,415 2,544
Cash at bank 144,282 156,600
146,697 159,144
CREDITORS
Amounts falling due within one year 8 417,950 420,759
NET CURRENT LIABILITIES (271,253 ) (261,615 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,141

49,476

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 36,139 49,474
SHAREHOLDERS' FUNDS 36,141 49,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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.

Property Developments Wessex Limited (Registered number: 06142257)

Balance Sheet - continued
28th February 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th August 2025 and were signed on its behalf by:





B C Soulby - Director


Property Developments Wessex Limited (Registered number: 06142257)

Notes to the Financial Statements
for the Year Ended 28th February 2025


1. STATUTORY INFORMATION

Property Developments Wessex 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest pound.

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

Turnover
The turnover shown in the profit and loss account represents rents received and associated charges in respect of the year, exclusive of Value Added Tax.

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 - 25% on reducing balance

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in the fair value is recognised in the Profit and Loss Account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

Property Developments Wessex Limited (Registered number: 06142257)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025


5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st March 2024
and 28th February 2025 14,787
DEPRECIATION
At 1st March 2024 3,696
Charge for year 3,697
At 28th February 2025 7,393
NET BOOK VALUE
At 28th February 2025 7,394
At 29th February 2024 11,091

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1st March 2024
and 28th February 2025 300,000
NET BOOK VALUE
At 28th February 2025 300,000
At 29th February 2024 300,000

Cost or valuation at 28th February 2025 is represented by:
£   
Valuation in 2016 (496,224 )
Valuation in 2018 7,000
Valuation in 2020 18,000
Cost 771,224
300,000

Property Developments Wessex Limited (Registered number: 06142257)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025


6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 771,224 771,224

Investment property was valued on a fair value basis on 28th February 2025 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments 2,415 2,544

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,104 925
Amounts owed to group undertakings 411,777 412,777
Tax - 115
Directors' current accounts 411 802
Accruals and deferred income 4,658 6,140
417,950 420,759

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary £1 2 2

Property Developments Wessex Limited (Registered number: 06142257)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025


10. RESERVES
Retained
earnings
£   

At 1st March 2024 49,474
Deficit for the year (13,335 )
At 28th February 2025 36,139