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REGISTERED NUMBER: 01470564 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Wilsons (Medway) Limited

Wilsons (Medway) Limited (Registered number: 01470564)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wilsons (Medway) Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mr P H Wilson
Mrs V A Wilson
Mr M K Wilson





SECRETARY: Mr P H Wilson





REGISTERED OFFICE: 41 Sallows Shaw
Sole Street
Cobham
Gravesend
Kent
DA13 9BP





REGISTERED NUMBER: 01470564 (England and Wales)





ACCOUNTANTS: Accsys Accountants (Medway) Limited
Chartered Accountants
F39, Innovation Centre Medway
Maidstone Road
Chatham
Kent
ME5 9FD

Wilsons (Medway) Limited (Registered number: 01470564)

Statement of Financial Position
31 December 2021

31.12.21 31.12.20
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 270,000 270,000
270,000 270,000

CURRENT ASSETS
Debtors 6 173 -
Cash at bank 66,958 103,021
67,131 103,021
CREDITORS
Amounts falling due within one year 7 11,547 10,075
NET CURRENT ASSETS 55,584 92,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,584

362,946

PROVISIONS FOR LIABILITIES 9,715 9,715
NET ASSETS 315,869 353,231

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Non distributable reserve 8 146,497 146,497
Retained earnings 8 159,372 196,734
315,869 353,231

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Wilsons (Medway) Limited (Registered number: 01470564)

Statement of Financial Position - continued
31 December 2021


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 23 August 2022 and were signed on its behalf by:




Mr P H Wilson - Director



Mr M K Wilson - Director


Wilsons (Medway) Limited (Registered number: 01470564)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Wilsons (Medway) 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 (£).


The financial statements relate to the individual entity only.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Investment properties
Investment properties are carried at fair value determined annually by the directors with periodic professional valuations. Fair value is derived from the current market rents and investment property yields for comparable real estate adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors.

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 or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating lease income
Rental income from operating leases is recognised on a straight line basis over the period of the lease and is credited to the Income Statement.

Wilsons (Medway) Limited (Registered number: 01470564)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 January 2021
and 31 December 2021 3,044 1,957 5,001
DEPRECIATION
At 1 January 2021
and 31 December 2021 3,044 1,957 5,001
NET BOOK VALUE
At 31 December 2021 - - -
At 31 December 2020 - - -

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2021
and 31 December 2021 270,000
NET BOOK VALUE
At 31 December 2021 270,000
At 31 December 2020 270,000

Fair value at 31 December 2021 is represented by:
£
Valuation in 2012 116,212
Valuation in 2015 40,000
Cost 113,788
270,000

The investment properties were valued on a fair value basis on 31st December 2021 by the Directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Prepayments 173 -

Wilsons (Medway) Limited (Registered number: 01470564)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Social security and other taxes 426 416
Other creditors - 980
Accruals and deferred income 11,121 8,679
11,547 10,075

8. RESERVES
Non
Retained distributable
earnings reserve Totals
£ £ £

At 1 January 2021 196,734 146,497 343,231
Deficit for the year (17,362 ) (17,362 )
Dividends (20,000 ) (20,000 )
At 31 December 2021 159,372 146,497 305,869