Company registration number 12888727 (England and Wales)
WEETWOOD DEVELOPMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
WEETWOOD DEVELOPMENT LTD
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
31 May 2025
30 November 2023
Notes
£
£
£
£
Fixed assets
Investment property
4
1,800,000
4,632,193
Current assets
Debtors
5
94,159
16,779
Cash at bank and in hand
6,835
5,782
100,994
22,561
Creditors: amounts falling due within one year
6
(6,569,562)
(5,832,124)
Net current liabilities
(6,468,568)
(5,809,563)
Total assets less current liabilities
(4,668,568)
(1,177,370)
Creditors: amounts falling due after more than one year
7
-
0
(153,228)
Net liabilities
(4,668,568)
(1,330,598)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(4,669,568)
(1,331,598)
Total equity
(4,668,568)
(1,330,598)

For the financial period ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 February 2026 and are signed on its behalf by:
Mrs C Coleman
Director
Company registration number 12888727 (England and Wales)
WEETWOOD DEVELOPMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Weetwood Development Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Layton Hall, Layton Road, Rawdon, Leeds, LS19 6QZ.

1.1
Reporting period

The accounting period was extended to 31 May 2025 and financial statements prepared for an 18 month period. The comparative amounts presented in the financial statements are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.3
Going concern

The directors, having made due and careful enquiry, are of the opinion that the company has adequate true working capital to execute its operations over the next 12 months. The company is reliant on the support of companies within the group and the directors confirm this support is ongoing. The directors have made an informed judgement at the time of approving the financial statements that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

1.4
Turnover

Turnover represents the value of rental income charged in the period.

1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

WEETWOOD DEVELOPMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

WEETWOOD DEVELOPMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2023
Number
Number
Total
3
3
4
Investment property
2025
£
Fair value
At 1 December 2023
4,632,193
Additions
(45,439)
Revaluations
(2,786,754)
At 31 May 2025
1,800,000

The historical cost of the investment property at 31 May 2025 was £4,586,754 (2023 - £4,632,193). The property portfolio was revalued at 31 May 2025 by the directors based on professional valuations. In the opinion of the directors, the valuation of £1,800,000 (2023 - £4,632,193) represents the fair value of the property portfolio at 31 May 2025.

5
Debtors
2025
2023
Amounts falling due within one year:
£
£
Trade debtors
82,114
16,779
Other debtors
12,045
-
0
94,159
16,779
6
Creditors: amounts falling due within one year
2025
2023
£
£
Bank loans
2,573,862
2,400,000
Trade creditors
126,254
1,300
Amounts owed to group undertakings
3,861,057
3,419,057
Other creditors
8,389
11,767
6,569,562
5,832,124

Amounts in respect of bank loans falling due within one year of £2,573,862 (2023 - £2,400,000) are secured by fixed and floating charges over the properties to which they relate.

WEETWOOD DEVELOPMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
- 5 -
7
Creditors: amounts falling due after more than one year
2025
2023
£
£
Bank loans and overdrafts
-
0
153,228

Amounts in respect of bank loans falling due over one year of £nil (2023 - £153,228) are secured by fixed and floating charges over the properties to which they relate.

8
Controlling party

The company is a 100% subsidiary of WW Inter Limited, and the ultimate controlling party is Pickards Leeds Holdings Limited.

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