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REGISTERED NUMBER: 12068044 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023

FOR

WALSH LETS LIMITED

WALSH LETS LIMITED (REGISTERED NUMBER: 12068044)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WALSH LETS LIMITED

COMPANY INFORMATION
for the Year Ended 30th April 2023







DIRECTORS: Mrs R J Walsh
S J Walsh





REGISTERED OFFICE: 15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB





REGISTERED NUMBER: 12068044 (England and Wales)





ACCOUNTANTS: D E Ball & Co Limited
Chartered Accountants
15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB

WALSH LETS LIMITED (REGISTERED NUMBER: 12068044)

BALANCE SHEET
30th April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,433,558 1,605,495

CURRENT ASSETS
Debtors 5 12,254 -
Cash at bank 786,478 91,303
798,732 91,303
CREDITORS
Amounts falling due within one year 6 6,146,365 1,634,634
NET CURRENT LIABILITIES (5,347,633 ) (1,543,331 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,925

62,164

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 85,915 62,154
SHAREHOLDERS' FUNDS 85,925 62,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

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 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 20th October 2023 and were signed on its behalf by:





Mrs R J Walsh - Director


WALSH LETS LIMITED (REGISTERED NUMBER: 12068044)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2023

1. STATUTORY INFORMATION

Walsh Lets 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Freehold properties are maintained to a standard where no depreciation is deemed necessary.

Leasehold properties are depreciated over the lease term in the first full year after purchase.

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 LETS LIMITED (REGISTERED NUMBER: 12068044)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st May 2022 1,614,529
Additions 3,837,560
At 30th April 2023 5,452,089
DEPRECIATION
At 1st May 2022 9,034
Charge for year 9,497
At 30th April 2023 18,531
NET BOOK VALUE
At 30th April 2023 5,433,558
At 30th April 2022 1,605,495

Properties are considered to be worth at least their net book value by the directors and no independent valuation has been obtained .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 12,254 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Amounts owed to group undertakings 6,099,121 1,611,048
Taxation and social security 8,101 16,551
Other creditors 39,143 7,035
6,146,365 1,634,634

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
10 Ordinary shares 1 10 10

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of SRPS Walsh Limited which is under the control of the directors, S J & Mrs R J Walsh.