Company Registration No. 11507055 (England and Wales)
WARD PROPERTIES LTD
Unaudited accounts
for the year ended 31 August 2022
WARD PROPERTIES LTD
Unaudited accounts
Contents
WARD PROPERTIES LTD
Company Information
for the year ended 31 August 2022
Company Number
11507055 (England and Wales)
Registered Office
Technology Court
Bradbury Road
Newton Aycliffe
County Durham
DL5 6DA
WARD PROPERTIES LTD
Statement of financial position
as at 31 August 2022
Tangible assets
123,040
124,690
Cash at bank and in hand
(920)
1,692
Creditors: amounts falling due within one year
(4,894)
(3,894)
Net current assets
36,894
28,337
Total assets less current liabilities
159,934
153,027
Creditors: amounts falling due after more than one year
(176,630)
(173,646)
Net liabilities
(16,696)
(20,619)
Called up share capital
100
100
Profit and loss account
(16,796)
(20,719)
Shareholders' funds
(16,696)
(20,619)
For the year ending 31 August 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2023 and were signed on its behalf by
Terrance Ward
Director
Company Registration No. 11507055
WARD PROPERTIES LTD
Notes to the Accounts
for the year ended 31 August 2022
WARD PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11507055. The registered office is Technology Court, Bradbury Road, Newton Aycliffe, County Durham, DL5 6DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0% Straight line
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2021
120,000
6,620
126,620
At 31 August 2022
120,000
6,620
126,620
At 1 September 2021
-
1,930
1,930
Charge for the year
-
1,650
1,650
At 31 August 2022
-
3,580
3,580
At 31 August 2022
120,000
3,040
123,040
At 31 August 2021
120,000
4,690
124,690
Amounts falling due within one year
Other debtors
42,708
30,539
WARD PROPERTIES LTD
Notes to the Accounts
for the year ended 31 August 2022
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
144
144
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
176,630
173,646
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).