IRIS Accounts Production v23.3.1.45 00400499 director 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure004004992022-03-31004004992023-03-31004004992022-04-012023-03-31004004992021-03-31004004992021-04-012022-03-31004004992022-03-3100400499ns16:EnglandWales2022-04-012023-03-3100400499ns15:PoundSterling2022-04-012023-03-3100400499ns11:Director12022-04-012023-03-3100400499ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3100400499ns11:SmallEntities2022-04-012023-03-3100400499ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3100400499ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100400499ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3100400499ns11:FullAccounts2022-04-012023-03-3100400499ns11:RegisteredOffice2022-04-012023-03-3100400499ns6:CurrentFinancialInstruments2023-03-3100400499ns6:CurrentFinancialInstruments2022-03-3100400499ns6:Non-currentFinancialInstruments2023-03-3100400499ns6:Non-currentFinancialInstruments2022-03-3100400499ns6:ShareCapital2023-03-3100400499ns6:ShareCapital2022-03-3100400499ns6:RetainedEarningsAccumulatedLosses2023-03-3100400499ns6:RetainedEarningsAccumulatedLosses2022-03-3100400499ns6:PlantMachinery2022-03-3100400499ns6:PlantMachinery2022-04-012023-03-3100400499ns6:PlantMachinery2023-03-3100400499ns6:PlantMachinery2022-03-3100400499ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3100400499ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 00400499 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WALKER COUSINS & CO. LIMITED

WALKER COUSINS & CO. LIMITED (REGISTERED NUMBER: 00400499)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WALKER COUSINS & CO. LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTOR: G R Morgan-Harris





REGISTERED OFFICE: Walker Cousins House
Lowford
Bursledon
Southampton
SO31 8ES





REGISTERED NUMBER: 00400499 (England and Wales)





ACCOUNTANTS: Underwood Barron LLP
Monks Brook House
13 - 17 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

WALKER COUSINS & CO. LIMITED (REGISTERED NUMBER: 00400499)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,316 3,231
Investment property 5 1,800,000 1,800,000
1,803,316 1,803,231

CURRENT ASSETS
Debtors 6 3,898 4,460
Cash at bank and in hand 128,859 111,177
132,757 115,637
CREDITORS
Amounts falling due within one year 7 22,190 17,427
NET CURRENT ASSETS 110,567 98,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,913,883

1,901,441

CREDITORS
Amounts falling due after more than one
year

8

(16

)

(12

)

PROVISIONS FOR LIABILITIES (250,656 ) (250,042 )

ACCRUALS AND DEFERRED INCOME (6,870 ) (5,469 )
NET ASSETS 1,656,341 1,645,918

CAPITAL AND RESERVES
Called up share capital 726 726
Retained earnings 1,655,615 1,645,192
1,656,341 1,645,918

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2023 and were signed by:



G R Morgan-Harris - Director


WALKER COUSINS & CO. LIMITED (REGISTERED NUMBER: 00400499)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Walker Cousins & Co. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Income Statement, 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 3 (2022 - 3 ) .

WALKER COUSINS & CO. LIMITED (REGISTERED NUMBER: 00400499)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 30,127
Additions 1,112
At 31 March 2023 31,239
DEPRECIATION
At 1 April 2022 26,896
Charge for year 1,027
At 31 March 2023 27,923
NET BOOK VALUE
At 31 March 2023 3,316
At 31 March 2022 3,231

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,800,000
NET BOOK VALUE
At 31 March 2023 1,800,000
At 31 March 2022 1,800,000

Investment property is carried at fair value determined annually by the director and derived from the property market for comparable real estate,taking into account any significant difference in the nature, location and condition of the comparable asset.

No depreciation is provided.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,378 1,195
Other debtors 520 3,265
3,898 4,460

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 11,991 8,905
Taxation and social security 10,196 8,522
Other creditors 3 -
22,190 17,427

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 16 12