REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 |
FOR |
THEAKSTON WALLER LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023 |
FOR |
THEAKSTON WALLER LIMITED |
THEAKSTON WALLER LIMITED (REGISTERED NUMBER: 01166831) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2023 |
Page |
Abridged Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
THEAKSTON WALLER LIMITED (REGISTERED NUMBER: 01166831) |
ABRIDGED BALANCE SHEET |
31 JANUARY 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
THEAKSTON WALLER LIMITED (REGISTERED NUMBER: 01166831) |
ABRIDGED BALANCE SHEET - continued |
31 JANUARY 2023 |
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 |
THEAKSTON WALLER LIMITED (REGISTERED NUMBER: 01166831) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2023 |
1. | STATUTORY INFORMATION |
Theakston Waller Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rent and service charges due in the accounting period (as adjusted for amounts received in advance) and the amounts derived from the sale of land. |
Tangible fixed assets |
Plant and machinery | - |
Investments in associates |
Investments in associate undertakings are recognised at cost. |
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. |
Deferred taxation is provided on gains. |
Stocks |
Stocks are stated at the lower of cost and net realisable value. |
Taxation |
Taxation for the year comprises current and deferred 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 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. |
THEAKSTON WALLER LIMITED (REGISTERED NUMBER: 01166831) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
2. | ACCOUNTING POLICIES - continued |
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. |
Investments |
Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2022 |
Disposals | ( |
) |
At 31 January 2023 |
DEPRECIATION |
At 1 February 2022 |
Eliminated on disposal | ( |
) |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
THEAKSTON WALLER LIMITED (REGISTERED NUMBER: 01166831) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 February 2022 |
and 31 January 2023 | 768 |
NET BOOK VALUE |
At 31 January 2023 | 768 |
At 31 January 2022 | 768 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2022 |
and 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
In the opinion of the directors, this is a reasonable estimation of market value at 31st January 2023. |
Fair value at 31 January 2023 is represented by: |
£ |
Valuation in 1994 | 71,255 |
Valuation in 2002 | 60,000 |
Valuation in 2005 | 80,000 |
Valuation in 2011 | 50,000 |
Valuation in 2014 | 194,652 |
Valuation in 2016 | 29,835 |
Valuation in 2017 | 120,000 |
Valuation in 2018 | (40,000 | ) |
Valuation in 2020 | (25,000 | ) |
Valuation in 2022 | (25,000 | ) |
Cost | 324,258 |
840,000 |
THEAKSTON WALLER LIMITED (REGISTERED NUMBER: 01166831) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
7. | RESERVES |
Fair value |
reserve |
£ |
At 1 February 2022 |
and 31 January 2023 |
8. | RELATED PARTY DISCLOSURES |
At 31 January 2023 £5,529,188 (2022: £2,757,853) was owed from companies in which Theakston Waller Limited has a participating interest. |
9. | POST BALANCE SHEET EVENTS |
A dividend of £20 per share was paid in March 2023. |