Worthy Developments Limited - Accounts to registrar (filleted) - small 18.2
Worthy Developments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Worthy Developments Limited |
| Unaudited Financial Statements for the Year Ended 31 July 2019 |
| Worthy Developments Limited (Registered number: 07315395) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Worthy Developments Limited |
| Company Information |
| for the Year Ended 31 July 2019 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 7 Neptune Court |
| Vanguard Way |
| Cardiff |
| CF24 5PJ |
| Worthy Developments Limited (Registered number: 07315395) |
| Balance Sheet |
| 31 July 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| Current assets |
| Stocks | 4 |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| Net current assets/(liabilities) | ( |
) |
| Total assets less current liabilities | ( |
) |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 8 |
| Retained earnings | 9 | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| 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. |
| 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 and authorised for issue on signed on its behalf by: |
| Worthy Developments Limited (Registered number: 07315395) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2019 |
| 1. | Statutory information |
| Worthy Developments Limited is a |
| 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 |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
| bringing stocks to their present location and condition. |
| Going concern |
| The company is reporting net current liabilities and overdrawn shareholders funds of £42,496 (2017: £34,737). |
| The directors have confirmed that their loans to the company of £578,987 (2017: £483,987) will not be sought |
| for repayment until such time as the company has sufficient funds available. |
| Based on the above, these financial statements have been prepared on a going concern basis. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2018 - NIL). |
| 4. | Stocks |
| 2019 | 2018 |
| £ | £ |
| Work-in-progress |
| 5. | Debtors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| VAT |
| Prepayments |
| 6. | Creditors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Directors' loan accounts | 483,987 | 578,987 |
| Accrued expenses |
| 7. | Creditors: amounts falling due after more than one year |
| 2019 | 2018 |
| £ | £ |
| Amounts owed to group undertakings |
| Worthy Developments Limited (Registered number: 07315395) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2019 |
| 8. | Called up share capital |
| Allotted and issued: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary shares | 1 | 100 | 100 |
| 9. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 August 2018 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 July 2019 | ( |
) |
| 10. | Directors' advances, credits and guarantees |
| The following advances and credits to directors subsisted during the years ended 31 July 2019 and |
| 31 July 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| No interest has been charged in relation to these balances. |
| 11. | Ultimate controlling party |
| The ultimate controlling party is |