Richard Walker Developments Limited - Period Ending 2022-03-31
Richard Walker Developments Limited - Period Ending 2022-03-31
Registration number:
Richard Walker Developments Limited
for the Year Ended 31 March 2022
Richard Walker Developments Limited
Contents
|
Company Information |
|
|
Accountants' Report |
|
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
Richard Walker Developments Limited
Company Information
|
Director |
Mr RJ Walker |
|
Company secretary |
Mr M Thomas |
|
Registered office |
|
|
Accountants |
|
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Richard Walker Developments Limited
for the Year Ended 31 March 2022
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 2022 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 profit 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.
......................................
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
Richard Walker Developments Limited
(Registration number: 03364238)
Balance Sheet as at 31 March 2022
|
Note |
2022 |
2021 |
|
|
Fixed assets |
|||
|
Investments |
|
|
|
|
Current assets |
|||
|
Stocks |
- |
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Net liabilities |
( |
( |
|
|
Capital and reserves |
|||
|
Called up share capital |
200 |
200 |
|
|
Retained earnings |
(6,792) |
(18,164) |
|
|
Shareholders' deficit |
(6,592) |
(17,964) |
Richard Walker Developments Limited
(Registration number: 03364238)
Balance Sheet as at 31 March 2022
For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
|
• |
|
|
• |
The director acknowledges his 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
.........................................
Mr RJ Walker
Director
Richard Walker Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
|
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
United Kingdom
The principal place of business is:
Hendra Croft
Scotland Road
Rejerrah
Newquay
Cornwall
TR8 5QR
|
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
Going concern
As at the year end the company's balance sheet shows net current liabilities of £6,594 (2021: £17,966) and an overall deficiency of assets of £6,592 (2021: £17,964). 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.
Richard Walker Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
|
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
|
Investments |
|
2022 |
2021 |
|
|
Investments in subsidiaries |
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 April 2021 |
|
|
Provision |
|
|
Carrying amount |
|
|
At 31 March 2022 |
|
|
At 31 March 2021 |
|
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 2022
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2022 |
2021 |
|||
|
Subsidiary undertakings |
||||
|
|
6 Houndiscombe Road, Plymouth, PL4 6HH UK |
|
|
|
|
Stocks |
|
2022 |
2021 |
|
|
Work in progress |
- |
|
|
Debtors |
|
Current |
2022 |
2021 |
|
Other debtors |
|
|
|
Creditors |
Creditors: amounts falling due within one year
|
2022 |
2021 |
|
|
Due within one year |
||
|
Trade creditors |
|
|
|
Other creditors |
|
|
|
|
|