ACCOUNTS - Final Accounts preparation

WARDOUR HOMES LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-05-312022-05-312021-05-10The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.property developertruefalse00true 13384829 2021-05-09 13384829 2021-05-10 2022-05-31 13384829 2020-05-10 2021-05-09 13384829 2022-05-31 13384829 c:Director1 2021-05-10 2022-05-31 13384829 d:CurrentFinancialInstruments 2022-05-31 13384829 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 13384829 d:ShareCapital 2022-05-31 13384829 d:RetainedEarningsAccumulatedLosses 2022-05-31 13384829 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-05-31 13384829 c:FRS102 2021-05-10 2022-05-31 13384829 c:AuditExempt-NoAccountantsReport 2021-05-10 2022-05-31 13384829 c:FullAccounts 2021-05-10 2022-05-31 13384829 c:PrivateLimitedCompanyLtd 2021-05-10 2022-05-31 iso4217:GBP xbrli:pure

Registered number: 13384829

WARDOUR HOMES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2022

WARDOUR HOMES LIMITED

REGISTERED NUMBER: 13384829

BALANCE SHEET

AS AT 31 MAY 2022

		2022
Note		£


Current assets
Stocks		298,161
Debtors: amounts falling due within one year	4	7,145
Cash at bank and in hand	5	1,535
		306,841
Creditors: amounts falling due within one year	6	(309,673)
Net current (liabilities)/assets			(2,832)
Total assets less current liabilities			(2,832)

Net (liabilities)/assets			(2,832)

Capital and reserves
Called up share capital			100
Profit and loss account			(2,932)
			(2,832)

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WARDOUR HOMES LIMITED

REGISTERED NUMBER: 13384829

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2022

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 3 February 2023.

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

James Huffam

Director

The notes on pages 3 to 5 form part of these financial statements.

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WARDOUR HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2022

1.	General information

The company is a private company limited by shares, incorporated in England and Wales on 10/05/2021. The company commenced trading on 10/05/2021. The principal activity throughout the period was that of a property developer.

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.3

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 on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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WARDOUR HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2022

2.Accounting policies (continued)

2.7

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 ordinary shares.

Employees

The average monthly number of employees, including directors, during the period was 0.

Debtors

					2022
					£


	Other debtors	7,095
	Called up share capital not paid	50
		7,145

5.	Cash and cash equivalents
		2022
		£

	Cash at bank and in hand	1,535
		1,535

6.	Creditors: Amounts falling due within one year
		2022
		£

	Bank loans	299,824
	Other creditors	8,449
	Accruals and deferred income	1,400
		309,673

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WARDOUR HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2022

7.	Financial instruments
		2022
		£

	Financial assets
	Financial assets measured at fair value through profit or loss	1,535

Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

8.	Related party transactions
	The director, James Huffam, also operates a sole trader business J Huffam. During the year purchases of £3,000 were entered into. At the balance sheet date £nil was due to the sole trader.

9.	Controlling party

There is no overall controlling interest in the company.

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