REGISTERED NUMBER: 06237012 (England and Wales)

Unaudited Financial Statements

For The Period 1 January 2025 to 30 April 2026

for

West Country Developers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J F Wheeler

REGISTERED OFFICE:

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

REGISTERED NUMBER:

06237012 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Investment property

4

-

204,000

CURRENT ASSETS

Debtors

5

-

1,056

Cash at bank

49,612

2,659

49,612

3,715

CREDITORS

Amounts falling due within one year

6

49,607

1,260

NET CURRENT ASSETS

5

2,455

TOTAL ASSETS LESS CURRENT LIABILITIES

5

206,455

CREDITORS

Amounts falling due after more than one year

7

-

188,838

NET ASSETS

5

17,617

CAPITAL AND RESERVES

Called up share capital

4

4

Non-distributable Revaluation

Reserve

8

-

28,158

Retained earnings

1

(10,545

)

SHAREHOLDERS' FUNDS

5

17,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2026 and were signed by:

J F Wheeler - Director

1.	STATUTORY INFORMATION

West Country Developers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company ceased trading on 30 April 2026. Although the accounts have been prepared on a going concern basis, in the opinion of the director no significant adjustments would arise from their preparation on any other basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at the directors most recent valuation. Any aggregate surplus or deficit arising from changes in fair value are recognised in the profit and loss account.

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 statement of financial position 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

Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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

Going concern

The company meets its day to day working capital requirements through loans from the company's bankers and its director, which are payable on demand. The director considers that the company will continue to operate within the loans currently agreed. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

204,000

Disposals

(204,000

)

At 30 April 2026

-

NET BOOK VALUE

At 30 April 2026

-

At 31 December 2024

204,000

Fair value at 30 April 2026 is represented by:

£

Valuation in 2018

37,268

Valuation in 2019

(9,110

)

Valuation in 2026

(28,158

)

If the investment property had not been revalued it would have been included at the following historical cost:

30.4.26

31.12.24

£

£

Cost

175,842

175,842

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

31.12.24

£

£

Other debtors

-

1,056

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

31.12.24

£

£

Other creditors

49,607

1,260

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

31.12.24

£

£

Bank loans

-

188,838

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

188,838

8.

RESERVES

Non-distributable

Revaluation

Reserve

£

At 1 January 2025

28,158

Transfer to non- distributable

revaluation reserve

(28,158

)

At 30 April 2026

-