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REGISTERED NUMBER: 12101442 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

WEYBRIDGE ESTATES LTD

WEYBRIDGE ESTATES LTD (REGISTERED NUMBER: 12101442)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WEYBRIDGE ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: S P Merchant
A J Merchant





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT4 7LD





REGISTERED NUMBER: 12101442 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

WEYBRIDGE ESTATES LTD (REGISTERED NUMBER: 12101442)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,044,500 5,405,000

CURRENT ASSETS
Debtors 5 469,494 83,817
Cash at bank 47,603 87,573
517,097 171,390
CREDITORS
Amounts falling due within one year 6 57,971 71,816
NET CURRENT ASSETS 459,126 99,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,503,626

5,504,574

CREDITORS
Amounts falling due after more than one year 7 2,482,700 2,504,600
NET ASSETS 3,020,926 2,999,974

CAPITAL AND RESERVES
Called up share capital 9 2,960,356 2,960,356
Retained earnings 60,570 39,618
SHAREHOLDERS' FUNDS 3,020,926 2,999,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 24 October 2023 and were signed on its behalf by:





S P Merchant - Director


WEYBRIDGE ESTATES LTD (REGISTERED NUMBER: 12101442)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Weybridge Estates 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.

Turnover
Turnover represents gross rents receivable. Rental income is recognised in the period it relates to.

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

In accordance with FRS 102; Investment property is property (land or building, or part of a building, or both) held by the owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both. An entity shall measure investment property at its initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal and brokerage fees, property transfer taxes and other transaction costs. Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The directors consider that the value included in the accounts is a fair valuation of the property's market value at the balance sheet date.

Taxation
Taxation for the year comprises current 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 tax 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 5,405,000
Disposals (335,000 )
Revaluations (25,500 )
At 31 January 2023 5,044,500
NET BOOK VALUE
At 31 January 2023 5,044,500
At 31 January 2022 5,405,000

WEYBRIDGE ESTATES LTD (REGISTERED NUMBER: 12101442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. INVESTMENT PROPERTY - continued

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2021 (10,000 )
Valuation in 2022 (25,500 )
Cost 5,080,000
5,044,500

If investment property had not been revalued it would have been included at the following historical cost:

31.1.23 31.1.22
£    £   
Cost 5,080,000 5,415,000

Investment property was valued on an open market basis on 31 January 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 469,494 83,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 32,850 43,800
Trade creditors 3,704 -
Taxation and social security 12,986 19,626
Other creditors 8,431 8,390
57,971 71,816

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 2,482,700 2,504,600

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 2,515,550 2,548,400

The company's bankers hold charges over the properties owned by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
2,960,356 Ordinary £1 2,960,356 2,960,356

WEYBRIDGE ESTATES LTD (REGISTERED NUMBER: 12101442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Director
Balance outstanding at start of year - 898
Amounts advanced - 8,254
Amounts repaid - (9,152 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Director
Balance outstanding at start of year - 898
Amounts advanced - 8,254
Amounts repaid - (9,152 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loans are interest free.