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Company No: 09366142 (England and Wales)

# P R WELDHEN DEVELOPMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2022
Pages for filing with the registrar

P R WELDHEN DEVELOPMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2022

Contents

P R WELDHEN DEVELOPMENTS LIMITED

## BALANCE SHEET

As at 31 March 2022
P R WELDHEN DEVELOPMENTS LIMITED

## BALANCE SHEET (continued)

As at 31 March 2022

| Note | 2022 |  | 2021
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 100 |  | 0
|  | 100 |  | 0
Current assets |  |  |  |
Stocks | 4 | 0 |  | 228,808
Debtors | 5 | 0 |  | 4,205
Cash at bank and in hand |  | 0 |  | 8,822
|  | 0 |  | 241,835
Creditors |  |  |  |
Amounts falling due within one year | 6 | 0 |  | ( 266,335)
Net current liabilities |  | 0 |  | (24,500)
Total assets less current liabilities |  | 100 |  | (24,500)
Net assets/(liabilities) |  | 100 |  | ( 24,500)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | 0 |  | ( 24,600 )
Total shareholder's funds/(deficit) |  | 100 |  | ( 24,500)

For the financial year ending 31 March 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of P R Weldhen Developments Limited (registered number: 09366142) were approved and authorised for issue by the Director on 07 May 2026. They were signed on its behalf by:

Mr P R Weldhen Director |

P R WELDHEN DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2022
P R WELDHEN DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2022

##### 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

P R Weldhen 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:
Lowin House
Tregolls Road
Truro
Cornwall
TR9 6EY
United Kingdom.
The principal place of business is:
Trekenning Farm
Trekenning
Newquay
Cornwall
TR8 4JA
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.
The functional currency of P R Weldhen Developments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

##### Going concern

The company will remain dormant until the freehold of the premises is transferred to the property maintenance company in due course.

##### Turnover

Turnover from the sale of properties is recognised when the properties are transferred to the customer.

##### 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.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land.

Land and buildings | not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### 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 Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2022 |  | 2021
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Land and buildings |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2021 | 0 |  | 0
Additions | 100 |  | 100
At 31 March 2022 | 100 |  | 100
Accumulated depreciation |  |  |
At 01 April 2021 | 0 |  | 0
At 31 March 2022 | 0 |  | 0
Net book value |  |  |
At 31 March 2022 | 100 |  | 100
At 31 March 2021 | 0 |  | 0

#### 4. Stocks

| 2022 |  | 2021
| £ |  | £
Work in progress | 0 |  | 228,808

#### 5. Debtors

| 2022 |  | 2021
| £ |  | £
Trade debtors | 0 |  | 1,050
Other debtors | 0 |  | 3,155
| 0 |  | 4,205

#### 6. Creditors: amounts falling due within one year

| 2022 |  | 2021
| £ |  | £
Other creditors | 0 |  | 266,335

#### 7. Called-up share capital

| 2022 |  | 2021
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100