Silverfin false 31/12/2021 31/12/2021 01/01/2021 L C Russell 20/12/1991 P D Russell 20/12/1991 05 August 2022 The principal activity of the Company during the financial year was property management. 00708691 2021-12-31 00708691 bus:Director1 2021-12-31 00708691 bus:Director2 2021-12-31 00708691 2020-12-31 00708691 core:CurrentFinancialInstruments 2021-12-31 00708691 core:CurrentFinancialInstruments 2020-12-31 00708691 core:ShareCapital 2021-12-31 00708691 core:ShareCapital 2020-12-31 00708691 core:RevaluationReserve 2021-12-31 00708691 core:RevaluationReserve 2020-12-31 00708691 core:RetainedEarningsAccumulatedLosses 2021-12-31 00708691 core:RetainedEarningsAccumulatedLosses 2020-12-31 00708691 core:OtherPropertyPlantEquipment 2020-12-31 00708691 core:OtherPropertyPlantEquipment 2021-12-31 00708691 2021-01-01 2021-12-31 00708691 bus:FullAccounts 2021-01-01 2021-12-31 00708691 bus:SmallEntities 2021-01-01 2021-12-31 00708691 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 00708691 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 00708691 bus:Director1 2021-01-01 2021-12-31 00708691 bus:Director2 2021-01-01 2021-12-31 00708691 core:OtherPropertyPlantEquipment core:TopRangeValue 2021-01-01 2021-12-31 00708691 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure

Company No: 00708691 (England and Wales)

WUSKIN INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar

WUSKIN INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2021

Contents

WUSKIN INVESTMENTS LIMITED

BALANCE SHEET

As at 31 December 2021
WUSKIN INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2021
Note 2021 2020
£ £
Fixed assets
Investment property 4 380,000 380,000
380,000 380,000
Current assets
Debtors 5 452,894 452,893
Cash at bank and in hand 10,072 14,157
462,966 467,050
Creditors
Amounts falling due within one year 6 ( 76,992) ( 77,357)
Net current assets 385,974 389,693
Total assets less current liabilities 765,974 769,693
Provisions for liabilities ( 4,500) ( 4,500)
Net assets 761,474 765,193
Capital and reserves
Called-up share capital 100 100
Revaluation reserve 247,502 247,502
Profit and loss account 513,872 517,591
Total shareholders' funds 761,474 765,193

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Wuskin Investments Limited (registered number: 00708691) were approved and authorised for issue by the Board of Directors on 05 August 2022. They were signed on its behalf by:

L C Russell
Director
P D Russell
Director
WUSKIN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
WUSKIN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wuskin Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Taviton, Mount Tavy Road, Tavistock, PL19 9JL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover represents rental income.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2021 1,238 1,238
At 31 December 2021 1,238 1,238
Accumulated depreciation
At 01 January 2021 1,238 1,238
At 31 December 2021 1,238 1,238
Net book value
At 31 December 2021 0 0
At 31 December 2020 0 0

4. Investment property

Investment property
£
Valuation
As at 01 January 2021 380,000
As at 31 December 2021 380,000

5. Debtors

2021 2020
£ £
Other debtors 452,894 452,893

6. Creditors: amounts falling due within one year

2021 2020
£ £
Bank loans 71,050 70,000
Other creditors 5,800 5,620
Corporation tax 142 1,737
76,992 77,357

7. Related party transactions

Other related party transactions

2021 2020
£ £
At start of period 363,251 363,251

The company has lent funds to other related parties. There are no formal agreements regarding the loan and as a result it is classified as receivable within 1 year. No interest is accruing on the loan balance.