WALTON PROPERTY RENTALS LTD

Company Registration Number:
14065894 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 25 April 2022

End date: 30 April 2023

WALTON PROPERTY RENTALS LTD

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

WALTON PROPERTY RENTALS LTD

Balance sheet

As at 30 April 2023


Notes

2023


£
Fixed assets
Investments: 3 727,423
Total fixed assets: 727,423
Current assets
Debtors:   3,539
Cash at bank and in hand: 6,100
Total current assets: 9,639
Creditors: amounts falling due within one year:   (731,198)
Net current assets (liabilities): (721,559)
Total assets less current liabilities: 5,864
Total net assets (liabilities): 5,864
Capital and reserves
Called up share capital: 2
Profit and loss account: 5,862
Shareholders funds: 5,864

The notes form part of these financial statements

WALTON PROPERTY RENTALS LTD

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 January 2024
and signed on behalf of the board by:

Name: James Walton
Status: Director

The notes form part of these financial statements

WALTON PROPERTY RENTALS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Income represents rents receivable from the rental of residential property.

Other accounting policies

Investment propertyInvestment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit and loss.Cash and cash equivalentsCash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.TaxationThe tax expense represents the sum of the tax currently payable and deferred tax.Current TaxCurrent tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred TaxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

WALTON PROPERTY RENTALS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023
Average number of employees during the period 2

WALTON PROPERTY RENTALS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Fixed investments

INVESTMENT PROPERTYFair valueAdditions: 727,423At 30 April 2023: 727,423Net book valueAt 30 April 2023: 727,423