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

REGISTERED NUMBER: 03069067 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

FOR

WORKHAM DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Investments

4

10,002

-

Investment property

5

187,500

187,500

197,502

187,500

CURRENT ASSETS

Debtors

6

145,269

145,009

Cash at bank

51,965

52,852

197,234

197,861

CREDITORS

Amounts falling due within one year

7

33,243

3,089

NET CURRENT ASSETS

163,991

194,772

TOTAL ASSETS LESS CURRENT LIABILITIES

361,493

382,272

CAPITAL AND RESERVES

Called up share capital

8

350

350

Retained earnings

361,143

381,922

SHAREHOLDERS' FUNDS

361,493

382,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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 applicable to companies subject to the small companies regime.

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 28 April 2022 and were signed on its behalf by:

Mr A J White - Director

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

10,002

At 31 July 2021

10,002

NET BOOK VALUE

At 31 July 2021

10,002

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2020

and 31 July 2021

187,500

NET BOOK VALUE

At 31 July 2021

187,500

At 31 July 2020

187,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Other debtor

250

-

WEPL Loan

144,618

144,618

Prepayments

401

391

145,269

145,009

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Amounts owed to group undertakings

30,000

-

Tax

2,163

2,069

Accrued expenses

1,080

1,020

33,243

3,089

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.21

31.7.20

value:

£

£

175

Ordinary A

£1

175

175

175

Ordinary B

£1

175

175

350

350

9.	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 (2020: £144,618) outstanding.

10.	CONTROL RELATIONSHIPS

The ultimate controlling party is Mr A J White.