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REGISTERED NUMBER: 07273268 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

W5 Management Services Ltd

W5 Management Services Ltd (Registered number: 07273268)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


W5 Management Services Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: W Shaw





REGISTERED OFFICE: Trimble House
9 Bold Street
Warrington
Cheshire
WA1 1DN





REGISTERED NUMBER: 07273268 (England and Wales)





ACCOUNTANTS: Raise
Chartered Accountants
Trimble House
9 Bold Street
Warrington
Cheshire
WA1 1DN

W5 Management Services Ltd (Registered number: 07273268)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 467 585
Investment property 5 200,642 200,642
201,109 201,227

CURRENT ASSETS
Cash at bank 32,777 31,886

CREDITORS
Amounts falling due within one year 6 2,202 2,438
NET CURRENT ASSETS 30,575 29,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,684

230,675

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 7 42,000 42,000
Retained earnings 189,674 188,665
SHAREHOLDERS' FUNDS 231,684 230,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





W Shaw - Director


W5 Management Services Ltd (Registered number: 07273268)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

W5 Management Services Ltd 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2022 - 1 ) .

W5 Management Services Ltd (Registered number: 07273268)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 8,621
DEPRECIATION
At 1 July 2022 8,037
Charge for year 117
At 30 June 2023 8,154
NET BOOK VALUE
At 30 June 2023 467
At 30 June 2022 584

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 200,642
NET BOOK VALUE
At 30 June 2023 200,642
At 30 June 2022 200,642

The investment properties were acquired in 2010 and 2011.

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2020 42,000
Cost 158,642
200,642

If the investment properties had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 158,642 158,642

The investment property was valued on an open market basis on 30 June 2023 by the director .

W5 Management Services Ltd (Registered number: 07273268)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 1,437 1,673
Other creditors 765 765
2,202 2,438

7. RESERVES
Fair
value
reserve
£   
Fair value reserve 42,000

At 30 June 2023 42,000