Wharfdale Limited 31/01/2023 iXBRL
Wharfdale Limited 31/01/2023 iXBRL
Company registration number:
05010771
WHARFDALE LIMITED
DIRECTORS AND OTHER INFORMATION
Director |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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Plym House | ||
3 Longbridge Road | ||
Plymouth | ||
Devon | ||
PL6 8LT | ||
WHARFDALE LIMITED
STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023
2023 | 2022 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Revaluation reserve | 9 |
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Profit and loss account | 9 |
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Shareholders funds |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
08 September 2023
, and are signed on behalf of the board by:
Director
Company registration number:
05010771
WHARFDALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Coombe Rise, Noss Mayo, Plymouth, Devon, PL8 1EG.
Principal activity
The principal activity of the company is the development of building projects and property rental.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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IT equipment | - |
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straight line | |
Impairment
Investment properties
Investment property is initially measured at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is not available without undue cost or effort it shall be transferred to tangible assets and accounted for under the cost model until it is expected that fair value will be reliable measurable on an on-going basis.
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2022:
2
).
5.
Tangible assets
Freehold and leasehold properties | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | IT Equipment | Total | ||
£ | £ | £ | £ | £ | £ | ||
Cost | |||||||
At 1 February 2022 |
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Additions | - | - |
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Disposals |
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- | - | - | - |
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_______ | _______ | _______ | _______ | _______ | _______ | ||
At 31 January 2023 |
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Depreciation | |||||||
At 1 February 2022 | - |
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Charge for the year | - |
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At 31 January 2023 | - |
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Carrying amount | |||||||
At 31 January 2023 |
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At 31 January 2022 |
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Investment property
Included within the above is investment property measured at fair value as follows:
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At 1 February 2022 |
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Disposals |
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At 31 January 2023 |
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6.
Debtors
2023 | 2022 | |||
£ | £ | |||
Trade debtors | - |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2023 | 2022 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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Social security and other taxes | 14,462 | 72,712 | ||
Other creditors | 296,845 | 311,095 | ||
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379,417 | 435,469 | |||
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8.
Creditors: amounts falling due after more than one year
2023 | 2022 | |||
£ | £ | |||
Bank loans and overdrafts |
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9.
Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.
10.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | |||||
2023 | |||||
Balance brought forward | Advances /(credits) to the director | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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2022 | |||||
Balance brought forward | Advances /(credits) to the director | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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- |
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_______ | _______ | _______ | _______ | ||