Workham Developments Limited - Accounts to registrar (filleted) - small 18.2

Workham Developments Limited - Accounts to registrar (filleted) - small 18.2

WORKHAM DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 03069067 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

FOR

WORKHAM DEVELOPMENTS LIMITED
WORKHAM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03069067)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WORKHAM DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2018







DIRECTORS: Mr A J White
Mr D H J White





REGISTERED OFFICE: Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH





BUSINESS ADDRESS: Hill Farm Barn
Bruern Road
Milton-under-Wychwood
CHIPPING NORTON
Oxfordshire
OX7 6HB





REGISTERED NUMBER: 03069067 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH
Page 1
WORKHAM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03069067)

BALANCE SHEET
31 JULY 2018

31.7.18 31.7.17
Notes £    £    £    £   
FIXED ASSETS
Investments 3 - -
Investment property 4 187,500 187,500
187,500 187,500

CURRENT ASSETS
Debtors 5 145,164 145,151
Cash at bank 42,379 42,650
187,543 187,801
CREDITORS
Amounts falling due within one year 6 2,116 1,957
NET CURRENT ASSETS 185,427 185,844
TOTAL ASSETS LESS CURRENT
LIABILITIES
372,927
373,344

CAPITAL AND RESERVES
Called up share capital 7 350 350
Retained earnings 372,577 372,994
SHAREHOLDERS' FUNDS 372,927 373,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 23 April 2019 and were signed on its behalf by:





Mr A J White - Director


The notes form part of these financial statements

Page 2
WORKHAM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03069067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018

1. STATUTORY INFORMATION

Workham Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Taxation
Taxation for the year 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 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 year 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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.7.18 31.7.17
£    £   
Winson land at cost 37,339 37,339
Disposal of Winson land (37,339 ) (37,339 )
- -

Page 3 continued...
WORKHAM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03069067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2017
and 31 July 2018 187,500
NET BOOK VALUE
At 31 July 2018 187,500
At 31 July 2017 187,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
WEPL Loan 144,618 144,618
Prepayments 546 533
145,164 145,151

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
Tax 1,155 997
Accrued expenses 961 960
2,116 1,957

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.18 31.7.17
value: £    £   
175 Ordinary A £1 175 175
175 Ordinary B £1 175 175
350 350

8. RELATED PARTY DISCLOSURES

Included in debtors is a loan to Workham European Property Limited, a company in which Mr A J White is a
director. At the balance sheet date there was a balance of £144,618 (2017: £144,618) outstanding.

9. CONTROL RELATIONSHIPS

The ultimate controlling party is Mr A J White.


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