Registered number
09914099
Wampum Limited
Filleted Accounts
31 March 2023
Wampum Limited
Registered number: 09914099
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 880,000 1,235,000
Current assets
Debtors 4 74,382 -
Cash at bank and in hand 33,378 103,024
107,760 103,024
Creditors: amounts falling due within one year 5 (10,107) (8,997)
Net current assets 97,653 94,027
Total assets less current liabilities 977,653 1,329,027
Creditors: amounts falling due after more than one year 6 (777,975) (964,930)
Provisions for liabilities (61,114) (86,110)
Net assets 138,564 277,987
Capital and reserves
Called up share capital 10 10
Profit and loss account 138,554 277,977
Shareholder's funds 138,564 277,987
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S C Phillipson
Director
Approved by the board on 11 October 2023
Wampum Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rent receivable from investment properties.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Investment properties
Investment properties are included at fair value. Changes in fair value are included in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment properties
£
Valuation
At 1 April 2022 1,235,000
Reduction on revaluation (135,000)
Disposals (220,000)
At 31 March 2023 880,000
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 880,000
At 31 March 2022 1,235,000
Investment properties: 2023 2022
£ £
Historical cost 635,545 781,792
Cumulative depreciation based on historical cost - -
635,545 781,792
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 74,382 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 9,267 -
Other creditors 840 8,997
10,107 8,997
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 603,077 726,986
Amounts owed to group undertakings and undertakings in which the company has a participating interest 174,898 237,944
777,975 964,930
7 Loans 2023 2022
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 603,077 726,986
Secured bank loans 603,077 726,986
The bank loans are secured by fixed and floating charges over the company's assets.
8 Related parties
During the year the company was financed by a loan from S C Phillipson. The balance on the loan outstanding as at 31 March 2023 was £840 (2022: £8,997). Interest of £nil was paid on the loan in the year ended 31 March 2023 (2022: £nil)

During the year the company was financed by a loan from Strategic Financial Planning (SFP) Limited. This company is a wholly owned subsidiary of Spartacus Group Limited. The balance on the loan outstanding as at 31 March 2023 was £174,898 (2022: £194,035).

As at 31 March 2023 the company owed £nil to Strategic Lifestyle Planning (SLP) Limited. This company is wholly owned subsidiary of Spartacus Group Limited. (2022: £1,300).

As at 31 March 2023 the company was owed £74,382 by its parent, Spartacus Group Limited (2022:It owed Spartacus Group Limited £42,609).
9 Controlling party
The company is a wholly owned subsidiary of Spartacus Group Limited.
10 Other information
Wampum Limited is a private company limited by shares and incorporated in England. Its registered office is:
Glebe House
Mill Lane
Upper Heyford
Bicester
Oxfordshire, OX25 5LH
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