Company Registration No. 06782781 (England and Wales)
WALTHAM ESTATES LIMITED
Unaudited accounts
for the period from 1 December 2021 to 29 November 2022
WALTHAM ESTATES LIMITED
Unaudited accounts
Contents
WALTHAM ESTATES LIMITED
Company Information
for the period from 1 December 2021 to 29 November 2022
Company Number
06782781 (England and Wales)
Registered Office
232 HOE STREET
LONDON
E17 3AY
ENGLAND
Accountants
Gm Professional Accountants
14 Clements Court
Clements Lane
Ilford
Essex
IG1 2QY
WALTHAM ESTATES LIMITED
Statement of financial position
as at 29 November 2022
Intangible assets
58,383
-
Tangible assets
1,677
1,290
Cash at bank and in hand
307,782
175,198
Creditors: amounts falling due within one year
(391,114)
(339,080)
Net current assets
632,168
672,774
Total assets less current liabilities
692,228
674,064
Creditors: amounts falling due after more than one year
(38,300)
(43,483)
Provisions for liabilities
Net assets
652,881
630,336
Called up share capital
100
100
Profit and loss account
652,781
630,236
Shareholders' funds
652,881
630,336
For the period ending 29 November 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 7 February 2024 and were signed on its behalf by
Adnan KARIM
Director
Company Registration No. 06782781
WALTHAM ESTATES LIMITED
Notes to the Accounts
for the period from 1 December 2021 to 29 November 2022
WALTHAM ESTATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06782781. The registered office is 232 HOE STREET, LONDON, E17 3AY, ENGLAND.
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 period, 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Computer equipment - 25% on reducing balance
Deferred tax is recognised in respect of all timing differences that have originated but not reversedat thebalance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods differentfrom those in which they are recognised in financial statements. Deferred tax is measured using tax rates andlaws that have been enacted or substantively enacted by the year end and that are expected to applyto thereversal 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.
Rentals paid under operating leases are charged to the profit and loss account as incurred
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.
Revenue is measured at the fair value of the consideration received or receivable and represents the amountreceivable for services supplied in respect of letting of properties, net of returns, discounts and value addedtaxes.
Revenue is recognised in the accounting period in which the services were rendered.
WALTHAM ESTATES LIMITED
Notes to the Accounts
for the period from 1 December 2021 to 29 November 2022
Government grants are accounted for on a receivable basis.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The lifespan is spread across five years
4
Intangible fixed assets
Other
At 29 November 2022
72,979
Charge for the period
14,596
At 29 November 2022
14,596
At 29 November 2022
58,383
5
Tangible fixed assets
Computer equipment
At 29 November 2022
22,606
At 29 November 2022
20,929
Amounts falling due within one year
Trade debtors
214,737
218,403
Amounts due from group undertakings etc.
495,971
586,846
Accrued income and prepayments
4,792
1,500
WALTHAM ESTATES LIMITED
Notes to the Accounts
for the period from 1 December 2021 to 29 November 2022
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
6,490
5,733
Amounts owed to group undertakings and other participating interests
-
47,348
Taxes and social security
56,939
50,435
Other creditors
221,187
112,688
8
Creditors: amounts falling due after more than one year
2022
2021
9
Transactions with related parties
The company is owed £495,970 (2021: £586,846) from companies with a director in common. These loans are interest free and repayable on demand.
The company owes £36,850 (2020: £41,850) to the parent company. This loan is interest free and payable on
The ultimate controlling party is Waltham Estates Group Limited.
The company is a wholly owned subsidiary of Waltham Estates Group Limited, whose Registered Officeis thesame as the Company's Registered Office.
11
Average number of employees
During the period the average number of employees was 7 (2021: 9).