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Registration number: 15241263

WBF Lodge Development Ltd
Unaudited Filleted Financial Statements
for the Period from 27 October 2023 to 31 December 2024

WBF Lodge Development Ltd

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 6

WBF Lodge Development Ltd

(Registration number: 15241263)
Statement of Financial Position as at 31 December 2024

| Note | 2024 £
Fixed assets |  |
Tangible assets | 4 | 212
Current assets |  |
Stocks | 5 | 576,017
Debtors | 6 | 95,395
Cash at bank and in hand |  | 50,423
|  | 721,835
Creditors: Amounts falling due within one year | 7 | (323,938)
Net current assets |  | 397,897
Total assets less current liabilities |  | 398,109
Provisions for liabilities |  | (53)
Net assets |  | 398,056
Capital and reserves |  |
Called up share capital |  | 1
Profit and loss account |  | 398,055
Shareholders' funds |  | 398,056

For the financial period ending 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 period 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 Statement of Comprehensive Income.

Approved and authorised by the director on 7 April 2026

J F O Steven Director

WBF Lodge Development Ltd

Notes to the Unaudited Financial Statements for the Period from 27 October 2023 to 31 December 2024

1 | General information

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

The address of its registered office is:
Office 8, Midland House Business Centre
Princess Street Ope
Plymouth
Devon
PL1 2EJ
England

Principal activity

The principal activity of the company is that of the development of holiday lodges for sale or letting.

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 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 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.

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

WBF Lodge Development Ltd

Notes to the Unaudited Financial Statements for the Period from 27 October 2023 to 31 December 2024 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

WBF Lodge Development Ltd

Notes to the Unaudited Financial Statements for the Period from 27 October 2023 to 31 December 2024 (continued)

2 | Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .
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 inventories 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

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

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

WBF Lodge Development Ltd

Notes to the Unaudited Financial Statements for the Period from 27 October 2023 to 31 December 2024 (continued)

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
Additions | 283 | 283
At 31 December 2024 | 283 | 283
Depreciation
Charge for the period | 71 | 71
At 31 December 2024 | 71 | 71
Carrying amount
At 31 December 2024 | 212 | 212

5 | Stocks

| 2024 £
Finished goods and goods for resale | 576,017

6 | Debtors

| 2024 £
Trade debtors | 11,036
Other debtors | 84,359
| 95,395

WBF Lodge Development Ltd

Notes to the Unaudited Financial Statements for the Period from 27 October 2023 to 31 December 2024 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| 2024 £
Trade creditors | 293,409
Taxation and social security | 400
Other creditors | 30,129
| 323,938

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

9 | Parent and ultimate parent undertaking

The company's immediate parent is WBF Holdings Ltd, incorporated in England and Wales.
The ultimate parent is Kirton Investments Ltd, incorporated in England and Wales.
These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.
The ultimate controlling party is J F O Steven.