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REGISTERED NUMBER: 00676249 (England and Wales)














Financial Statements

for the Year Ended 30 September 2023

for

Wanslea Properties Limited

Wanslea Properties Limited (Registered number: 00676249)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wanslea Properties Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: C E Yorke-Brooks





SECRETARY: G S Yorke-Brooks





REGISTERED OFFICE: Oriel House
2 - 8 Oriel Road
Bootle
Merseyside
L20 7EP





REGISTERED NUMBER: 00676249 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP

Wanslea Properties Limited (Registered number: 00676249)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 886,000 886,000

CURRENT ASSETS
Cash at bank 80,175 80,355

CREDITORS
Amounts falling due within one year 5 223,542 241,771
NET CURRENT LIABILITIES (143,367 ) (161,416 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

742,633

724,584

PROVISIONS FOR LIABILITIES 36,242 27,284
NET ASSETS 706,391 697,300

CAPITAL AND RESERVES
Called up share capital 6 150 150
Fair value reserve 7 523,186 532,144
Retained earnings 7 183,055 165,006
SHAREHOLDERS' FUNDS 706,391 697,300

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 7 March 2024 and were signed by:





C E Yorke-Brooks - Director


Wanslea Properties Limited (Registered number: 00676249)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Wanslea Properties 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 as modified by the revaluation of certain assets.

Turnover
The freehold properties and ground rents are held as investments. The company receives income from these sources.

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.

Fixed asset investments
The freehold properties and ground rents are held as investments. The company receives income from these sources.

3. EMPLOYEES AND DIRECTORS

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

Wanslea Properties Limited (Registered number: 00676249)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 886,000
NET BOOK VALUE
At 30 September 2023 886,000
At 30 September 2022 886,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2018 559,428
Cost 326,572
886,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 326,572 326,572

The investment properties were valued on an open market basis on 30 September 2023 by the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Taxation and social security 4,833 10,837
Other creditors 218,709 230,934
223,542 241,771

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
150 Ordinary £1 150 150

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2022 165,006 532,144 697,150
Profit for the year 9,091 9,091
Deferred tax 8,958 (8,958 ) -
At 30 September 2023 183,055 523,186 706,241