Drewett Developments Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12999658

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		418,560		420,645

			418,560		420,645
CURRENT ASSETS
Stocks	5	1,065,700		462,174
Debtors	6	9,635		8,467
Cash at bank and in hand		57,151		1,525

		1,132,486		472,166
Creditors: Amounts Falling Due Within One Year	7	(592,166 )		(525,784 )

NET CURRENT ASSETS (LIABILITIES)			540,320		(53,618 )

TOTAL ASSETS LESS CURRENT LIABILITIES			958,880		367,027

Creditors: Amounts Falling Due After More Than One Year	8		(1,089,808 )		(417,343 )

NET LIABILITIES			(130,928 )		(50,316 )

CAPITAL AND RESERVES
Called up share capital	10		102		100
Profit and Loss Account			(131,030 )		(50,416 )

SHAREHOLDERS' FUNDS			(130,928)		(50,316)

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Drewett Developments Ltd

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr William Drewett

Director

14 August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Drewett Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12999658 . The registered office is Crewcroft Barn, Hinton Hill, Hinton Charterhouse, Bath, BA2 7PZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Plant & Machinery	10%

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Drewett Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 December 2024	399,804	29,772	429,576

As at 30 November 2025	399,804	29,772	429,576

Depreciation
As at 1 December 2024	-	8,931	8,931
Provided during the period	-	2,085	2,085

As at 30 November 2025	-	11,016	11,016

Net Book Value
As at 30 November 2025	399,804	18,756	418,560

As at 1 December 2024	399,804	20,841	420,645

5. Stocks

	2025	2024
	£	£
Stock and work in progress	1,065,700	462,174

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	9,635	8,467

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	37,133	42,102
Other creditors	555,033	483,682

	592,166	525,784

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Drewett Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,089,808	417,343

9. Secured Creditors

Of the secured creditors falling due within and after more than one year the following amounts are secured.

Bank loans and overdrafts are secured by a mortgage charge over the freehold land known as Wick Bridge Farm, Wick Hill, Bremhill, Calne, SN11 9LQ, and a fixed and floating debenture charge over all assets present and future.

	2025		2024
	£		£
Bank loans and overdrafts	1,089,808		417,343

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	102	100

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