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REGISTERED NUMBER: 03593412 (England and Wales)











WELLIS COURT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24TH MARCH 2023






WELLIS COURT LIMITED (REGISTERED NUMBER: 03593412)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24TH MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


WELLIS COURT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 24TH MARCH 2023







DIRECTORS: Mrs L D Barnes
Ms M G Ellis





SECRETARY: Findley's Secretarial Services Limited





REGISTERED OFFICE: Findley's Of Cooden
75 Cooden Sea Road
Bexhill-On-Sea
TN39 4SL





REGISTERED NUMBER: 03593412 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

WELLIS COURT LIMITED (REGISTERED NUMBER: 03593412)

BALANCE SHEET
24TH MARCH 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,950 16,950

CURRENT ASSETS
Debtors 5 9,216 9,216
NET CURRENT ASSETS 9,216 9,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,166

26,166

CAPITAL AND RESERVES
Called up share capital 6 14 14
Share premium 26,152 26,152
SHAREHOLDERS' FUNDS 26,166 26,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24th March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 24th March 2023 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.

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 6th October 2023 and were signed on its behalf by:





Mrs L D Barnes - Director


WELLIS COURT LIMITED (REGISTERED NUMBER: 03593412)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24TH MARCH 2023


1. STATUTORY INFORMATION

Wellis Court 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 (£).


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.

Changes in accounting policies
The directors have chosen to follow the guidance issued in TECH 03/11 'Accounting for Services Charges' published jointly by the ICAEW, ARMA and RICS. Therefore the company is showing only income or expenditure in its own right. All transactions in the year relate to maintenance of the common parts in accordance with the lease. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of annual accounts of the company and are not filed at Companies House. All service charge monies received from the residents of Wellis Court are held on trust for the residents.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

WELLIS COURT LIMITED (REGISTERED NUMBER: 03593412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24TH MARCH 2023


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 25th March 2022
and 24th March 2023 16,950
NET BOOK VALUE
At 24th March 2023 16,950
At 24th March 2022 16,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Other debtors 9,216 9,216

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as
restated
£    £   
14 Ordinary shares £1 14 14