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REGISTERED NUMBER: 01494772 (England and Wales)









WALDRON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






WALDRON LIMITED (REGISTERED NUMBER: 01494772)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALDRON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J A I Waldron
Mrs C K Waldron
R J Waldron





SECRETARY: J A I Waldron





REGISTERED OFFICE: 15 Lennox Road South
Southsea
Hampshire
PO5 2HS





REGISTERED NUMBER: 01494772 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
Havant
Hampshire
PO9 1QU

WALDRON LIMITED (REGISTERED NUMBER: 01494772)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,257 2,706
Investment property 5 350,084 350,084
352,341 352,790

CURRENT ASSETS
Debtors 6 5,030 2,645
Cash at bank 3,025 1,706
8,055 4,351
CREDITORS
Amounts falling due within one year 7 50,640 44,385
NET CURRENT LIABILITIES (42,585 ) (40,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,756

312,756

PROVISIONS FOR LIABILITIES 33,499 33,689
NET ASSETS 276,257 279,067

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 276,157 278,967
SHAREHOLDERS' FUNDS 276,257 279,067

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

WALDRON LIMITED (REGISTERED NUMBER: 01494772)

BALANCE SHEET - continued
31 MARCH 2023


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 2 November 2023 and were signed on its behalf by:





J A I Waldron - Director


WALDRON LIMITED (REGISTERED NUMBER: 01494772)

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

1. STATUTORY INFORMATION

Waldron Limited 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 the value of work done, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture, fixtures and equipment - 15% on reducing balance
Computer equipment - 33% on reducing balance

The buildings within the tangible fixed assets are properties not held for consumption but for investment and, therefore, no depreciation is required per FRS 102 s 16.7.

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.

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to a deferred tax asset or liability.

Other operating income
Income receivable from properties is recognised in the period in which it falls due and is included in the profit and loss account net of property management costs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

WALDRON LIMITED (REGISTERED NUMBER: 01494772)

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

4. TANGIBLE FIXED ASSETS
Furniture,
fixtures
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 9,431 1,814 11,245
DEPRECIATION
At 1 April 2022 6,962 1,577 8,539
Charge for year 371 78 449
At 31 March 2023 7,333 1,655 8,988
NET BOOK VALUE
At 31 March 2023 2,098 159 2,257
At 31 March 2022 2,469 237 2,706

All the company's properties have been used for operating leases.


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 350,084
NET BOOK VALUE
At 31 March 2023 350,084
At 31 March 2022 350,084

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 350,084

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

2023 2022
£    £   
Cost 95,200 95,200

Freehold investment properties were valued on an open market basis on 31 March 2023 by the directors .

WALDRON LIMITED (REGISTERED NUMBER: 01494772)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,841 -
Accrued income - 1,000
Prepayments 3,189 1,645
5,030 2,645

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Social security and other taxes 1,600 1,600
Other creditors 2,800 5,430
Accruals and deferred income 4,491 5,032
Directors' current accounts 41,749 32,323
50,640 44,385