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REGISTERED NUMBER: 03005106 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Walsh Properties Ltd.

Walsh Properties Ltd. (Registered number: 03005106)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Walsh Properties Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Walsh
D Walsh





SECRETARY: Mrs. H Walsh





REGISTERED OFFICE: Willow Tree Farm
Breakspear Road North
Harefield
Middlesex
UB9 6LZ





REGISTERED NUMBER: 03005106 (England and Wales)

Walsh Properties Ltd. (Registered number: 03005106)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investment property 5 1,567,845 1,567,845
1,567,845 1,567,845

CURRENT ASSETS
Debtors 240 8,474
Cash at bank 200,721 113,965
200,961 122,439
CREDITORS
Amounts falling due within one year 202,173 210,659
NET CURRENT LIABILITIES (1,212 ) (88,220 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,566,633

1,479,625

PROVISIONS FOR LIABILITIES 118,499 118,499
NET ASSETS 1,448,134 1,361,126

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 505,178 505,178
Retained earnings 942,856 855,848
SHAREHOLDERS' FUNDS 1,448,134 1,361,126

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.

Walsh Properties Ltd. (Registered number: 03005106)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2023 and were signed on its behalf by:





M Walsh - Director


Walsh Properties Ltd. (Registered number: 03005106)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Walsh Properties 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.

Goodwill
Goodwill, being the amount pain in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Walsh Properties Ltd. (Registered number: 03005106)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 42,714
AMORTISATION
At 1 April 2022
and 31 March 2023 42,714
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,567,845
NET BOOK VALUE
At 31 March 2023 1,567,845
At 31 March 2022 1,567,845

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2015 173,677
Valuation in 2016 50,000
Valuation in 2017 62,500
Valuation in 2022 337,500
Cost 944,168
1,567,845

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

31.3.23 31.3.22
£    £   
Cost 944,168 944,168

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

6. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 505,178

Walsh Properties Ltd. (Registered number: 03005106)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £170,013 (2022 - £170,013) to M Walsh Plant Hire Limited and it is included within creditors within these financial statements. No interest was accruing on the outstanding amount and no repayment terms have been agreed as at the balance sheet date.

8. ULTIMATE CONTROLLING PARTY

The controlling parties are M Walsh and H Walsh.