WOM Property Ltd 11129640 Property Rental false 1 April 2022 11129640 2022-04-01 2023-03-31 11129640 2022-03-31 11129640 2023-03-31 11129640 2021-04-01 2022-03-31 11129640 2021-03-31 11129640 2022-03-31 11129640 frs102-bus:FRS102 2022-04-01 2023-03-31 11129640 frs102-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11129640 frs102-bus:FullAccounts 2022-04-01 2023-03-31 11129640 frs102-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11129640 frs102-core:Non-currentFinancialInstruments 2023-03-31 11129640 frs102-core:Non-currentFinancialInstruments 2022-03-31 11129640 frs102-core:ShareCapital 2023-03-31 11129640 frs102-core:ShareCapital 2022-03-31 11129640 frs102-core:RetainedEarningsAccumulatedLosses 2023-03-31 11129640 frs102-core:RetainedEarningsAccumulatedLosses 2022-03-31 11129640 frs102-bus:Director1 2022-04-01 2023-03-31 11129640 frs102-core:ComputerEquipment 2022-04-01 2023-03-31 11129640 frs102-core:InvestmentPropertyIncludedWithinPPE 2022-04-01 2023-03-31 11129640 frs102-core:ComputerEquipment 2022-03-31 11129640 frs102-core:InvestmentPropertyIncludedWithinPPE 2022-03-31 11129640 frs102-core:ComputerEquipment 2023-03-31 11129640 frs102-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 11129640 frs102-core:ComputerEquipment 2022-03-31 11129640 frs102-core:InvestmentPropertyIncludedWithinPPE 2022-03-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
11129640
WOM Property Ltd
Unaudited Accounts
for the year ended
31 March 2023
WOM Property Ltd
Balance Sheet
as at 31 March 2023
Notes
2023
£
2022
£
Called up share capital not paid 100 100
Fixed assets
Tangible assets 3 674,431 677,957
Investments 892 892
675,323 678,849
Current assets
Cash at bank and in hand 5,721 3,792
5,721 3,792
Prepayments and accrued income: 2,524 1,904
Net current assets / (liabilities) 8,245 5,696
Total assets less current liabilities 683,668 684,645
Creditors: amounts falling due after more than one year (669,821) (673,585)
Provisions for liabilities (2,541) (1,977)
Accruals and deferred income (380) (560)
Total net assets (liabilities) 10,926 8,523
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,826 8,423
Shareholders' funds 10,926 8,523

WOM Property Ltd
Balance Sheet
as at 31 March 2023



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

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr T Mckeever

Director


Approved by the board on 12 November 2023

Company Number: 11129640 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

71 Nyetimber Lane
Nyetimber Lane
Bognor Regis
PO21 3HJ
England

WOM Property Ltd
Notes to the Accounts
for the year ended 31 March 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 33.3% Straight Line
Investment properties 0% Straight Line
Investment property
Investment property is included at fair value, with any gains recognised in the profit and loss account for the period in which they occurred. Deferred tax is recognised on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. 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 a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.
2. Employees
2023 2022
Average number of employees during the period 0 0

3. Tangible fixed assets
Computer equipment Investment properties Total
Cost or valuation £ £ £
At 1 April 2022 1,000 677,651 678,651
Revaluations 0 (3,220) (3,220)
At 31 March 2023 1,000 674,431 675,431
Depreciation
At 1 April 2022 694 0 694
Charge for the period 306 0 306
At 31 March 2023 1,000 0 1,000
Net book value
At 31 March 2023 0 674,431 674,431
At 31 March 2022 306 677,651 677,957

4. Transactions with directors

The total value of the director's loan is £304,675. The loan is due to be repaid on 31
December 2030 and the rate of interest charged is 0%. At the balance sheet date the loan
was still outstanding and was presented within creditors: amounts falling due after more than
one year. Bank loans are secured by directors' personal guarantees


5. Borrowings
2023 2022
Creditors repayable in more than five years: £ £
Total non-instalment amounts due 304,675 304,675
Total 304,675 304,675