1 January 2021 false No description of principal activity Taxfiler 2022.8.3 11729545business:PrivateLimitedCompanyLtd2021-01-012021-12-31 117295452020-12-31 117295452021-01-012021-12-31 11729545business:AuditExemptWithAccountantsReport2021-01-012021-12-31 11729545business:AbridgedAccounts2021-01-012021-12-31 117295452021-12-31 11729545business:Director12021-01-012021-12-31 11729545business:Director22021-01-012021-12-31 11729545business:RegisteredOffice2021-01-012021-12-31 117295452020-12-31 11729545core:WithinOneYear2021-12-31 11729545core:WithinOneYear2020-12-31 11729545core:AfterOneYear2021-12-31 11729545core:AfterOneYear2020-12-31 11729545core:ShareCapital2021-12-31 11729545core:ShareCapital2020-12-31 11729545core:RetainedEarningsAccumulatedLosses2021-12-31 11729545core:RetainedEarningsAccumulatedLosses2020-12-31 11729545business:SmallEntities2021-01-012021-12-31 11729545countries:EnglandWales2021-01-012021-12-31 11729545core:ComputerEquipment2021-01-012021-12-31 117295452020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11729545 (England and Wales)
Walkbridge Ltd Unaudited accounts for the year ended 31 December 2021
Walkbridge Ltd Unaudited accounts Contents
Page
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Walkbridge Ltd Company Information for the year ended 31 December 2021
Directors
Aron Gerber Chanoch Gerber
Company Number
11729545 (England and Wales)
Registered Office
39 Montpelier Rise London NW11 9DT
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Walkbridge Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
256 
341 
Investment property
226,712 
213,298 
226,968 
213,639 
Current assets
Debtors
60,486 
- 
Cash at bank and in hand
12,924 
1,558 
73,410 
1,558 
Creditors: amounts falling due within one year
(151,432)
(149,738)
Net current liabilities
(78,022)
(148,180)
Total assets less current liabilities
148,946 
65,459 
Creditors: amounts falling due after more than one year
(119,112)
(48,566)
Provisions for liabilities
Deferred tax
(5,705)
(3,156)
Net assets
24,129 
13,737 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
24,128 
13,736 
Shareholders' funds
24,129 
13,737 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2022 and were signed on its behalf by
Chanoch Gerber Director Company Registration No. 11729545
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Walkbridge Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Walkbridge Ltd is a private company, limited by shares, registered in England and Wales, registration number 11729545. The registered office is 39 Montpelier Rise, London, NW11 9DT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance basis.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Walkbridge Ltd Notes to the Accounts for the year ended 31 December 2021
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2021
455 
At 31 December 2021
455 
Depreciation
At 1 January 2021
114 
Charge for the year
85 
At 31 December 2021
199 
Net book value
At 31 December 2021
256 
At 31 December 2020
341 
5
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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