Registration number: 04621518

Webster Bros. Developments Limited

Contents

Company Information	1
Accountants' Report	2
Abridged Balance Sheet	3 to 4
Notes to the Unaudited Abridged Financial Statements	5 to 8

Webster Bros. Developments Limited

Company Information

Director

A M Webster

Company secretary

A M Webster

Registered office

201 Sawley Road Draycott Derby DE72 3QF

Accountants

9ine Chartered Accountants76 Bridgford Road West Bridgford Nottingham NG2 6AX

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Webster Bros. Developments Limited
for the Year Ended 29 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Webster Bros. Developments Limited for the year ended 29 March 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Webster Bros. Developments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Webster Bros. Developments Limited and state those matters that we have agreed to state to the Board of Directors of Webster Bros. Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Webster Bros. Developments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Webster Bros. Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Webster Bros. Developments Limited. You consider that Webster Bros. Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Webster Bros. Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

9ine
Chartered Accountants
76 Bridgford Road
West Bridgford
Nottingham
NG2 6AX

23 December 2025

Webster Bros. Developments Limited

(Registration number: 04621518)
Abridged Balance Sheet as at 29 March 2025

	Note	2025 £	As restated 2024 £
Fixed assets
Tangible assets	4	413,227	147,999
Investment properties	4	1,815,000	1,472,555
		2,228,227	1,620,554
Current assets
Debtors		213,544	196,081
Cash at bank and in hand		932	26,518
		214,476	222,599
Prepayments and accrued income		3,600	1,000
Creditors: Amounts falling due within one year	5	(528,332)	(574,332)
Net current liabilities		(310,256)	(350,733)
Total assets less current liabilities		1,917,971	1,269,821
Creditors: Amounts falling due after more than one year	5	(1,595,188)	(1,229,215)
Provisions for liabilities		(65,497)	-
Accruals and deferred income		(2,591)	(3,150)
Net assets		254,695	37,456
Capital and reserves
Called up share capital		2	2
Revaluation reserve		256,834	-
Retained earnings		(2,141)	37,454
Shareholders' funds		254,695	37,456

Webster Bros. Developments Limited

(Registration number: 04621518)
Abridged Balance Sheet as at 29 March 2025

For the financial year ending 29 March 2025 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; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 23 December 2025



 

.........................................

A M Webster
Company secretary and director

Webster Bros. Developments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
201 Sawley Road
Draycott
Derby
DE72 3QF

These financial statements were authorised for issue by the director on 23 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration for rents received or receivable, and the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Webster Bros. Developments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment properties

Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined by the Director. The valuer uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Webster Bros. Developments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Tangible assets

	Total £
Cost or valuation
At 30 March 2024	147,999
Additions	265,228
At 29 March 2025	413,227
Depreciation
Carrying amount
At 29 March 2025	413,227
At 29 March 2024	147,999

Investment properties

	2025 £
At 30 March	1,472,555
Fair value adjustments	342,445
At 29 March	1,815,000

The investment properties have been valued by the Director at 29 March 2025.

5

Creditors

Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured of £1,595,187 (2024 - £1,229,215).

Webster Bros. Developments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 March 2025

6	Financial commitments, guarantees and contingencies

The company also provides security to another company in which the Director is a Director and Shareholder of. This security is also over the comany's assets.

7	Related party transactions

During the year the company made loans to and from companies in which the Director is also a Director and Shareholder. At 29 March 2025 the net amount owed by the company was £314,788 (2023 - £378,251).

8	Transition to FRS 102

Prior to the adoption of FRS102 1a, Webster Bros. Developments Limited did not revalue their investment property, nor provide for deferred tax. FRS102 requires all investment property to be measured at fair value, and deferred tax on potential gains and losses be recognised.

At 29 March 2024, the investment property had not been re-valued and thus no revaluation has been included within the transition to FRS102 1a at 29 March 2024 nor 1 April 2023. Subsequently, no deferred tax liability would have airsen.

Whilst there were Corporation Tax losses at both 29 March 2024 and 31 March 2023, no deferred tax asset has been recognised, as it is unlikely that it would ever be realised.