Company No: 13599710 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Stocks	3	27,157,851		26,117,527
Debtors	4	127,382		101,347
Cash at bank and in hand		1,327,242		1,735,409
		28,612,475		27,954,283
Creditors: amounts falling due within one year	5	( 11,444,111)		( 8,565,668)
Net current assets		17,168,364		19,388,615
Total assets less current liabilities		17,168,364		19,388,615
Creditors: amounts falling due after more than one year	6	( 3,100,000)		( 6,500,000)
Net assets		14,068,364		12,888,615
Capital and reserves
Called-up share capital		13,000,001		13,000,001
Profit and loss account		1,068,363		( 111,386 )
Total shareholders' funds		14,068,364		12,888,615

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of W8 Developments Limited (registered number: 13599710) were approved and authorised for issue by the Board of Directors on 06 June 2025. They were signed on its behalf by:

Mr N D Parker Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

W8 Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Estate Office Wield Park, Upper Wield, Nr Alresford, SO24 9FX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of real estate properties. Other income represents rental income which is incidental to normal business activities. Where rent is paid in advance, the amount received is recorded as deferred income and released the the profit and loss over the period in which it relates.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the
impairment loss is recognised immediately in profit or loss.

Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.

Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Stocks

	2025		2024
	£		£
Work in progress	27,157,851		26,117,527

4. Debtors

	2025		2024
	£		£
Other debtors	127,382		101,347

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	220,588		46,594
Accruals	550,931		619,178
Taxation and social security	356,196		0
Other creditors	10,316,396		7,899,896
	11,444,111		8,565,668

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	3,100,000		6,500,000

Bank loans include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £3,100,000 (2024 - £6,500,000).