Walnut Renovation & Development Limited

Registered Number: 03998583 Walnut Renovation & Development Limited
Balance Sheet
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	4	43,814	51,022
		43,814	51,022
Current assets
Debtors		763,083	1,054,860
Cash at bank and in hand		104,086	89,084
		867,169	1,143,944
Creditors: amount falling due within one year		(843,481)	(1,106,411)
Net current assets		23,688	37,533

Total assets less current liabilities		67,502	88,555
Creditors: amount falling due after more than one year		(4,409)	(40,881)
Provisions for liabilities		(10,954)	(12,756)
Net assets		52,139	34,918

Capital and reserves
Called up share capital		2	2
Profit and loss account		52,137	34,916
Shareholders' funds		52,139	34,918

For the year ended 31 December 2024 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 30 September 2025 and were signed by:

-------------------------------
RJ Hancocks
Director

Walnut Renovation & Development Limited
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

Walnut Renovation & Development Limited is a private company, limited by shares, registered in England and Wales, registration number 03998583, registration address 31-37 RussellRoad, Rhyl, Denbighshire, LL18 3DB.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Reducing Balance
Land and Buildings	10% Straight Line
Fixtures and Fittings	33% Straight Line & 15% Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 0 (2023 : 0).

Intangible fixed assets

Cost	Registration plate	Total
	£	£
At 01 January 2024	3,200	3,200
Additions	-	-
Disposals	-	-
At 31 December 2024	3,200	3,200
Amortisation
At 01 January 2024	3,200	3,200
Charge for year	-	-
On disposals	-	-
At 31 December 2024	3,200	3,200
Net book values
At 31 December 2024	-	-
At 31 December 2023	-	-

Tangible fixed assets

Cost or valuation	Land and Buildings	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 January 2024	20,584	74,214	81,462	176,260
Additions	-	-	6,086	6,086
Disposals	-	-	-	-
At 31 December 2024	20,584	74,214	87,548	182,346
Depreciation
At 01 January 2024	20,584	46,114	58,541	125,239
Charge for year	-	7,025	6,268	13,293
On disposals	-	-	-	-
At 31 December 2024	20,584	53,139	64,809	138,532
Net book values
Closing balance as at 31 December 2024	-	21,075	22,739	43,814
Opening balance as at 01 January 2024	-	28,101	22,921	51,022

The net book value of Motor Vehicles includes £ 17,706 (2023 £28,100) in respect of assets leased under finance leases or hire purchase contracts.

Advances and Credits

RJ Hancocks
The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

Current year (2024)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
RJ Hancocks	823,565		208,186		-		457,453		-		-		574,298
	823565		208186		0		457453		0		0		574298

Previous year (2023)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
RJ Hancocks	594,683		244,039		-		15,157		-		-		823,565
	594683		244039		0		15157		0		0		823565

6.	Controlling Parties The company's ultimate controlling party is RJ Hancocks.

Registered Number: 03998583
England and Wales
Abridged Accounts

for the year ended 31 December 2024
for
WALNUT RENOVATION & DEVELOPMENT LIMITED