Walker Thompson Developments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13595612 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

Walker Thompson Developments Ltd

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs T L Walker Thompson

M Walker Thompson

REGISTERED OFFICE:

40 Market Place

Belper

Derbyshire

DE56 1FZ

REGISTERED NUMBER:

13595612 (England and Wales)

ACCOUNTANTS:

NRB Accountancy Limited

40 Market Place

Belper

Derbyshire

DE56 1FZ

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mrs T L Walker Thompson

M Walker Thompson

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M Walker Thompson - Director

18 September 2025

FIXED ASSETS

Tangible assets

4

40,846

16,162

Investment property

5

163,904

204,750

180,066

CURRENT ASSETS

Stocks

2,500

Debtors

6

90,769

Cash at bank

110,601

20,665

203,870

113,934

CREDITORS

Amounts falling due within one year

7

214,380

171,344

NET CURRENT LIABILITIES

(10,510

)

(57,410

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

194,240

122,656

PROVISIONS FOR LIABILITIES

7,761

3,071

NET ASSETS

186,479

119,585

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

186,477

119,583

186,479

119,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

M Walker Thompson - Director

1.	STATUTORY INFORMATION

Walker Thompson Developments Ltd 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.

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

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

28,733

Additions

38,299

At 31 December 2024

67,032

DEPRECIATION

At 1 January 2024

12,571

Charge for year

13,615

At 31 December 2024

26,186

NET BOOK VALUE

At 31 December 2024

40,846

At 31 December 2023

16,162

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

163,904

NET BOOK VALUE

At 31 December 2024

163,904

At 31 December 2023

163,904

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

90,769

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

-

1

Tax

12,842

854

VAT

11,871

3,396

Directors' loan accounts

179,692

159,668

Accrued expenses

9,975

7,425

214,380

171,344

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mr M Walker-Thompson, introduced funds to and withdrew funds from the company by way of a director's loan account. This loan is interest free and repayable upon demand. At the year end the company owed the director £179,692 (2023: £159,668) and this amount is included in creditors.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M Walker Thompson.