| Wayfair Developments Ltd |
| Registered number: |
04378007 |
| Balance Sheet |
| as at 4 July 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
70,000 |
|
|
70,000 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
782 |
| Cash at bank and in hand |
|
|
39,362 |
|
|
31,076 |
|
|
|
39,362 |
|
|
31,858 |
|
| Creditors: amounts falling due within one year |
5 |
|
(49,074) |
|
|
(30,826) |
|
| Net current (liabilities)/assets |
|
|
|
(9,712) |
|
|
1,032 |
|
| Net assets |
|
|
|
60,288 |
|
|
71,032 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
60,188 |
|
|
70,932 |
|
| Shareholder's funds |
|
|
|
60,288 |
|
|
71,032 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Wei Xin Peng |
| Director |
| Approved by the board on 22 September 2025 |
|
| Wayfair Developments Ltd |
| Notes to the Accounts |
| for the year ended 4 July 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
|
Tangible fixed assets |
|
Freehold buildings of £70,000 was the only tangible assets in the accounts. As the buildings were leased with fully tenant's repair lease terms and therefore, the cost of the building will be considered to be sustainable in the foreseeable future without carrying impairment. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. No deferred tax is recognised in respect of all timing differences as it is not being anticipated in the next 12 months. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 5 July 2024 |
70,000 |
|
At 4 July 2025 |
70,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 4 July 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 4 July 2025 |
70,000 |
|
At 4 July 2024 |
70,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
70,000 |
|
70,000 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
70,000 |
|
70,000 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
- |
|
782 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
2,171 |
|
2,248 |
|
Other creditors |
46,903 |
|
28,578 |
|
|
|
|
|
|
49,074 |
|
30,826 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
Director proposed a dividend on 4th July 2025 and credited to the director's current account on the same date which would be treated as paid and deducted from the capital and reserves. |
| 7 |
Other information |
|
|
Wayfair Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
2 Woodside Drive |
|
Arnold |
|
Nottingham |
|
Nottinghamshire |
|
NG5 7FL |