W.W. Leese (Halifax) Limited 00494638 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is the letting of property. Digita Accounts Production Advanced 6.30.9574.0 true 00494638 2022-05-01 2023-04-30 00494638 2023-04-30 00494638 core:RetainedEarningsAccumulatedLosses 2023-04-30 00494638 core:ShareCapital 2023-04-30 00494638 core:CurrentFinancialInstruments 2023-04-30 00494638 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 00494638 bus:SmallEntities 2022-05-01 2023-04-30 00494638 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 00494638 bus:FullAccounts 2022-05-01 2023-04-30 00494638 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 00494638 bus:RegisteredOffice 2022-05-01 2023-04-30 00494638 bus:CompanySecretaryDirector1 2022-05-01 2023-04-30 00494638 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 00494638 core:FurnitureFittings 2022-05-01 2023-04-30 00494638 core:LandBuildings 2022-05-01 2023-04-30 00494638 countries:England 2022-05-01 2023-04-30 00494638 2022-04-30 00494638 2021-05-01 2022-04-30 00494638 2022-04-30 00494638 core:RetainedEarningsAccumulatedLosses 2022-04-30 00494638 core:ShareCapital 2022-04-30 00494638 core:CurrentFinancialInstruments 2022-04-30 00494638 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 00494638

W.W. Leese (Halifax) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2023

 

W.W. Leese (Halifax) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

W.W. Leese (Halifax) Limited

Balance Sheet

as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

440,000

440,000

Current assets

 

Debtors

5

155

155

Cash at bank and in hand

 

65,985

74,376

 

66,140

74,531

Creditors: Amounts falling due within one year

6

(32,250)

(39,040)

Net current assets

 

33,890

35,491

Total assets less current liabilities

 

473,890

475,491

Provisions for liabilities

(83,918)

(83,918)

Net assets

 

389,972

391,573

Capital and reserves

 

Allotted, called up and fully paid share capital

2,000

2,000

Profit and loss account

387,972

389,573

Shareholders' funds

 

389,972

391,573

Registration number: 00494638

 

W.W. Leese (Halifax) Limited

Balance Sheet

as at 30 April 2023 (continued)

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 October 2023 and signed on its behalf by:
 

.........................................
Mrs M B K Leese
Company secretary and director

 

W.W. Leese (Halifax) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2023

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 00494638.

The address of its registered office is:
First Floor
Rosemount House
Huddersfield Road
Elland
West Yorkshire
HX5 0EE

The principal place of business is:
26 Sheldrake Road
Christchurch
Dorset
BH23 4BW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the rent receivable.

 

W.W. Leese (Halifax) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2023 (continued)

2

Accounting policies (continued)

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

10% per annum on a reducing balance basis

Freehold land

In accordance with FRS 102, the freehold land is not depreciated

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

W.W. Leese (Halifax) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 1 (2022 - 1).

4

Investment properties

2023
£

At 1 May 2022

440,000

At 30 April 2023

440,000

The historic cost of the investment property was £3,458. The property was valued at an open market value of £440,000 in July 2021 by an independant external valuer. The directors are of the opinion that the value in the accounts reflects its fair value at the year end.

5

Debtors

2023
£

2022
£

Other debtors

155

155

155

155

6

Creditors

2023
£

2022
£

Due within one year

Other creditors

15,642

24,617

Accruals and deferred income

9,946

9,645

Corporation tax

6,662

4,778

32,250

39,040