WTB Development Co. Limited iXBRL

Company Registration Number: 03140607

WTB Development Co. Limited

Unaudited Financial Statements

for the financial year ended 31 March 2026

WTB Development Co. Limited

Company Registration Number: 03140607

BALANCE SHEET

as at 31 March 2026

		2026	2025
	Notes	£	£

Fixed Assets

Investment properties

153,409

801,773

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Current Assets

Debtors

381,382

44,700

Cash and cash equivalents

32,465

2,527

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413,847

47,227

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Creditors: amounts falling due within one year

(11,084)

(93,432)

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Net Current Assets/(Liabilities)

402,763

(46,205)

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Total Assets less Current Liabilities

556,172

755,568

Provisions for liabilities

(19,040)

(118,515)

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Net Assets

537,132

637,053

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Capital and Reserves

Called up share capital

500

500

Retained earnings

536,632

636,553

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Equity attributable to owners of the company

537,132

637,053

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 15 September 2026




________________________________
Mr D D James
Director

WTB Development Co. Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2026

General Information

WTB Development Co. Limited is a company limited by shares incorporated and registered in England and Wales. The registered number of the company is 03140607. The registered office of the company is Corndell, 2 Mary Lane, North Waltham, Basingstoke, RG25 2BY, England.

Currency

The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include investment property measured at fair value.

Turnover

Turnover represents amounts derived from the disposal of residential property in the ordinary course of business, together with rental and ground rent income receivable. Revenue from property disposals is recognised on legal completion, being the point at which the significant risks and rewards of ownership pass to the purchaser. Rental and ground rent income is recognised on an accruals basis over the period to which it relates.

Investment properties

Investment property is property held to earn rental income or for capital appreciation, or both. It is measured at fair value at each reporting date with changes recognised in the Profit and Loss Account, and is not depreciated. Fair value at 31 March 2026 was determined having regard to comparable transaction prices and prevailing yields.

Taxation and deferred taxation

Current tax is the amount of corporation tax payable or recoverable in respect of the taxable profit for the year, measured at rates enacted or substantively enacted at the balance sheet date.

Deferred tax is recognised in full on the difference between the fair value of investment property and its tax base cost, measured at the rate expected to apply on disposal, and is not discounted.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Exceptional item

Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2025 - 1).

2026

2025

Number

Number

Directors

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4.	Investment Properties
		Investment
		properties

		£
	Fair value
	At 1 April 2025	801,773
	Disposals	(449,469)
	Fair value movement	(198,895)
		─────────
	At 31 March 2026	153,409
		─────────


5.	Debtors	2026	2025
		£	£

	Amounts owed by group undertakings	381,382	44,700
		═════════	═════════


6.	Creditors	2026	2025
	Amounts falling due within one year	£	£

	Trade creditors	-	101
	Taxation (Note 7)	11,084	91,687
	Accruals	-	1,644
		─────────	─────────
		11,084	93,432
		═════════	═════════


7.	Taxation	2026	2025
		£	£

	Creditors:
	Corporation tax	11,084	91,687
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Property

Total

revaluations

2026

2025

At financial year start

118,515

Released during the financial year

(99,475)

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At financial year end

19,040

118,515

═════════

Deferred tax has been provided in full on the difference between the fair value of the company's investment properties and their tax base cost, measured at 25%.

Parent company

The company's immediate parent undertaking is Vera Road Limited, a company incorporated in England and Wales. The ultimate parent undertaking is Emerald Pink Star Limited, also incorporated in England and Wales. The ultimate controlling party is Mr D D James by virtue of his shareholding in Emerald Pink Star Limited. No group financial statements are prepared.