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REGISTERED NUMBER: 09983056 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Wellingborough Property Rentals Ltd

Wellingborough Property Rentals Ltd (Registered number: 09983056)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wellingborough Property Rentals Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs S V C Hagger
Miss M P Hagger
Mr L Hagger





REGISTERED OFFICE: 2 Stourton Close
Wellingborough
Northamptonshire
NN8 2LG





REGISTERED NUMBER: 09983056 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Wellingborough Property Rentals Ltd (Registered number: 09983056)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 156 195
Investment property 5 202,500 202,500
202,656 202,695

CURRENT ASSETS
Cash at bank 9,234 455

CREDITORS
Amounts falling due within one year 6 66,526 4,267
NET CURRENT LIABILITIES (57,292 ) (3,812 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,364

198,883

CREDITORS
Amounts falling due after more than one
year

7

132,197

182,657
NET ASSETS 13,167 16,226

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 18,385 18,385
Retained earnings (5,318 ) (2,259 )
SHAREHOLDERS' FUNDS 13,167 16,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Wellingborough Property Rentals Ltd (Registered number: 09983056)

Balance Sheet - continued
28 February 2023


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 29 November 2023 and were signed on its behalf by:





Mr L Hagger - Director


Wellingborough Property Rentals Ltd (Registered number: 09983056)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Wellingborough Property Rentals 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

Wellingborough Property Rentals Ltd (Registered number: 09983056)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 743
DEPRECIATION
At 1 March 2022 548
Charge for year 39
At 28 February 2023 587
NET BOOK VALUE
At 28 February 2023 156
At 28 February 2022 195

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 202,500
NET BOOK VALUE
At 28 February 2023 202,500
At 28 February 2022 202,500

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 202,500

Investment property was valued on an open market basis basis on 28 February 2021 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 700
Deferred income 935 851
Other creditors 65,591 2,716
66,526 4,267

Wellingborough Property Rentals Ltd (Registered number: 09983056)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 132,197 182,657

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 18,385

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors:amounts falling due after more than one year is a balance payable to one of the directors. This balance is repayable no sooner than 53 weeks after the year end. The balance carries interest at 0.55% p.a.