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Registration number: 09130963

Prepared for the registrar
Worcester Developments Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 July 2025

Worcester Developments Limited

(Registration number: 09130963)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 10,000 | 10,000
Investments | 5 | 2 | 2
|  | 10,002 | 10,002
Current assets |  |  |
Debtors | 6 | 2,766,892 | 2,759,553
Cash at bank and in hand |  | 778 | 1,842
|  | 2,767,670 | 2,761,395
Creditors: Amounts falling due within one year | 7 | (134,551) | (125,541)
Net current assets |  | 2,633,119 | 2,635,854
Net assets |  | 2,643,121 | 2,645,856
Capital and reserves |  |  |
Called up share capital |  | 688 | 688
Share premium reserve |  | 2,499,382 | 2,499,382
Capital redemption reserve |  | 30 | 30
Retained earnings |  | 143,021 | 145,756
Shareholders' funds |  | 2,643,121 | 2,645,856

For the financial year ending 31 July 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 April 2026

J Knight-Adams
Director

Worcester Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

| 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:
The Stables
Ballards Drive
Upper Colwall
Malvern
WR13 6PP

| 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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for 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 the company's activities.

Tax

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

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use 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.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Worcester Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

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.

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.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
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 profit or loss.

| 3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 2).

| 4 | Investment properties

| £
At 1 August 2024 and at 31 July 2025 | 10,000

There has been no valuation of investment property by an independent valuer.

| 5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 2 | 2

Worcester Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
St Martins Gate Lowesmoor Limited | The Stables Ballards Drive Upper Colwall Malvern WR13 6PP |
Ordinary
100%
100%

The net liabilities of the company at 31 December 2024 were £295,031 (2023: £4,128).

| 6 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by related parties | 9 | 2,766,671 | 2,759,478
Other debtors |  | 70 | 75
Prepayments |  | 151 | -
|  | 2,766,892 | 2,759,553

| 7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 41 | 41
Amounts due to related parties | 9 | 131,500 | 122,500
Accrued expenses |  | 3,010 | 3,000
|  | 134,551 | 125,541

| 8 | Loans and borrowings

| Note | 2025 £ | 2024 £
Current loans and borrowings
Other borrowings | 9 | 41 | 41

Worcester Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

| 9 | Related party transactions

Summary of transactions with other related parties

At 31 July 2025 the company owed £41 (2024: £41) to a director. No interest was paid on this balance and there are no fixed terms for repayment.
At 31 July 2025, the company owed £122,500 (2024: £122,500) to Alpha Stanway Holdings Limited, its parent company. No interest was paid on this balance and there are no fixed terms for repayment.
At 31 July 2025 the company was owed £2,766,671 (2024: £2,759,478) by St Martins Gate Lowesmoor Limited, its wholly owned subsidiary. No interest was paid on this balance and there are no fixed terms for repayment.
At 31 July 2025, the company owed £9,000 (2024: £nil) to Alpha (Stonecross) Limited, a company under common control. No interest was paid on this balance and there are no fixed terms for repayments.

| 10 | Parent and ultimate parent undertaking

The company's ultimate parent company is Alpha Stanway Holdings Limited, a company incorporated in England and Wales, which owns 100% of the company's share capital.