Company Registration No. 11605406 (England and Wales)
Webley Estates Limited
Unaudited accounts
for the period from 1 November 2021 to 31 March 2023
Webley Estates Limited
Unaudited accounts
Contents
Webley Estates Limited
Company Information
for the period from 1 November 2021 to 31 March 2023
Company Number
11605406 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
ENGLAND
Accountants
Kate Dodd Accounting Services
4 Warren Lane
Witham St Hughs
Lincoln
LN6 9US
Webley Estates Limited
Statement of financial position
as at 31 March 2023
Investment property
230,000
186,711
Cash at bank and in hand
11,819
5,597
Creditors: amounts falling due within one year
(231,478)
(199,029)
Net current liabilities
(219,434)
(192,495)
Net assets/(liabilities)
11,557
(4,463)
Called up share capital
100
100
Revaluation reserve
5,164
-
Profit and loss account
6,293
(4,563)
Shareholders' funds
11,557
(4,463)
For the period ending 31 March 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 12 October 2023 and were signed on its behalf by
Matthew Webley
Director
Company Registration No. 11605406
Webley Estates Limited
Notes to the Accounts
for the period from 1 November 2021 to 31 March 2023
Webley Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 11605406. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Fixtures & fittings
25% on Reducing balance
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.
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.
Webley Estates Limited
Notes to the Accounts
for the period from 1 November 2021 to 31 March 2023
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 November 2021
186,711
Net gain from fair value adjustments
5,164
Investment Property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.
Webley Estates Limited has valued the investment property on an open market basis where the individual has no relevant professional qualification but has recent long term experience of the geographical location where the properties are held and in the type of property held.
Investment property was valued on an open market basis on 31 March 2023 by the Director.
Amounts falling due within one year
Accrued income and prepayments
225
-
7
Creditors: amounts falling due within one year
2023
2021
Amounts owed to group undertakings and other participating interests
229,498
198,309
Taxes and social security
1,363
-
Loans from directors
217
-
Webley Estates Limited
Notes to the Accounts
for the period from 1 November 2021 to 31 March 2023
8
Average number of employees
During the period the average number of employees was 0 (2021: 0).