ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

WINKFIELD DEVELOPERS LIMITED - Company Information

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Caseware UK (AP4) 2018.0.111 2018.0.111 2019-08-312019-08-312020-05-07The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2018-08-23 11532714 2018-08-22 11532714 2018-08-23 2019-08-31 11532714 2019-08-31 11532714 c:Director1 2018-08-23 2019-08-31 11532714 c:Director1 2019-08-31 11532714 c:Director2 2018-08-23 2019-08-31 11532714 c:Director2 2019-08-31 11532714 c:RegisteredOffice 2018-08-23 2019-08-31 11532714 d:CurrentFinancialInstruments 2019-08-31 11532714 d:CurrentFinancialInstruments d:WithinOneYear 2019-08-31 11532714 d:ShareCapital 2019-08-31 11532714 d:RetainedEarningsAccumulatedLosses 2019-08-31 11532714 c:FRS102 2018-08-23 2019-08-31 11532714 c:AuditExempt-NoAccountantsReport 2018-08-23 2019-08-31 11532714 c:FullAccounts 2018-08-23 2019-08-31 11532714 c:PrivateLimitedCompanyLtd 2018-08-23 2019-08-31 iso4217:GBP xbrli:pure
Company registration number: 11532714







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 AUGUST 2019


WINKFIELD DEVELOPERS LIMITED






































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WINKFIELD DEVELOPERS LIMITED
 


 
COMPANY INFORMATION


Directors
R Bowdery (appointed 23 August 2018)
P Vishnyak (appointed 23 August 2018)




Registered number
11532714



Registered office
Pear Tree Cottage
Warfield Street

Warfield

Bracknell

Berkshire

RG42 6AR




 


WINKFIELD DEVELOPERS LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 3

 


WINKFIELD DEVELOPERS LIMITED
REGISTERED NUMBER:11532714



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2019

2019
Note
£

  

Current assets
  

Stocks
  
746,000

Debtors: amounts falling due within one year
 4 
10,009

  
756,009

Creditors: amounts falling due within one year
 5 
(872,242)

Net current (liabilities)/assets
  
 
 
(116,233)

Total assets less current liabilities
  
(116,233)

  

Net (liabilities)/assets
  
(116,233)


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
(116,235)

  
(116,233)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 May 2020.

R Bowdery
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 


WINKFIELD DEVELOPERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2019

1.


General information

These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
Winkfield Developers Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.
The company was incorporated on 23 August 2018.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.3

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2019
£


Other debtors
10,009

10,009


Page 2
 


WINKFIELD DEVELOPERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2019

5.


Creditors: Amounts falling due within one year

2019
£

Trade creditors
3,693

Other creditors
867,049

Accruals and deferred income
1,500

872,242


The bank loans are secured by a charge over the company's assets.








 
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