Richard Walker Developments Limited - Period Ending 2020-03-31

Richard Walker Developments Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 7

Richard Walker Developments Limited

Company Information

Directors

Mr M Thomas Mr RJ Walker

Registered office

6 Houndiscombe Road Plymouth Devon PL4 6HH

Accountants

Houndiscombe Consultants Limited T/A Condy Mathias Chartered Accountants 6 Houndiscombe Road Plymouth Devon PL4 6HH

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Richard Walker Developments Limited
for the Year Ended 31 March 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Richard Walker Developments Limited for the year ended 31 March 2020 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Richard Walker Developments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Richard Walker Developments Limited and state those matters that we have agreed to state to the Board of Directors of Richard Walker Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Richard Walker Developments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Richard Walker Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Richard Walker Developments Limited. You consider that Richard Walker Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Richard Walker Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

25 January 2021

Richard Walker Developments Limited

(Registration number: 03364238)
Balance Sheet as at 31 March 2020

	Note	2020 £	2019 £
Fixed assets
Investments	4	2	2
Current assets
Stocks	5	185,646	184,740
Debtors	6	3,948	4,257
Cash at bank and in hand		631	87
		190,225	189,084
Creditors: Amounts falling due within one year	7	(206,205)	(203,436)
Net current liabilities		(15,980)	(14,352)
Net liabilities		(15,978)	(14,350)
Capital and reserves
Called up share capital		200	200
Profit and loss account		(16,178)	(14,550)
Shareholders' deficit		(15,978)	(14,350)

Richard Walker Developments Limited

(Registration number: 03364238)
Balance Sheet as at 31 March 2020

For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 21 January 2021 and signed on its behalf by:
 

.........................................

Mr RJ Walker
Director

Richard Walker Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

The principal place of business is:
Hendra Croft
Scotland Road
Rejerrah
Newquay
Cornwall
TR8 5QR

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance
These financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A- The financial statements have been prepared in the UK and Republic of Ireland and the Companies Act 2006.

Group accounts not prepared

Under the provision of Section 399 of the Companies act 2006, the company is exempt from preparing consolidated accounts and has not done so. The accounts show information about the company as an individual company..

Richard Walker Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

Going concern

As at the year end the company's balance sheet shows net current liabilities of £15,980 (2018: £12,701) and an overall deficiency of assets of £14,350 (2018: £12,699). Accordingly, the directors have had to consider the basis upon which the accounts should be prepared and determine whether a going concern basis remains appropriate. The accounts have been prepared on a going concern basis, as the director continues to provide financial support to the company, when necessary. The director has also reviewed the position for twelve months from the date the accounts were approved and in his opinion the company will reduce the balance sheet deficiency and show positive results for the next financial period.

The director has also considered the impact on the business caused by the Coronavirus outbreak. To cope with the outbreak, the business accessed the relevant emergency government support available and expects to be in a position to commence normal trading, once the peak of the crisis has passed.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2019 - 2).

4	Investments

	2020 £	2019 £
Investments in subsidiaries	2	2

Subsidiaries	£
Cost or valuation
At 1 April 2019	2
Provision
Carrying amount
At 31 March 2020	2
At 31 March 2019	2

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Richard Walker Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2020	2019
Subsidiary undertakings
Richard Walker Developments (Plymouth) Limited	6 Houndiscombe Road, Plymouth, PL4 6HH UK	Ordinary	100%	100%

5

Stocks

	2020 £	2019 £
Work in progress	185,646	184,740

6

Debtors

	2020 £	2019 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,948	3,948
Other debtors	-	309
	3,948	4,257

7

Creditors

Creditors: amounts falling due within one year

	2020 £	2019 £
Due within one year
Trade creditors	2,552	2,430
Other creditors	203,653	201,006
	206,205	203,436