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Registered Number: 10237862
England and Wales

 

 

 

WOLLATON VIEW LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 232,134    283,090 
232,134    283,090 
Current assets      
Stocks 1,205    1,405 
Debtors: amounts falling due within one year 200,000   
Debtors: amounts falling due after one year 2,803,303    2,559,672 
Cash at bank and in hand 265,330    81,312 
3,269,838    2,642,389 
Creditors: amount falling due within one year (424,856)   (382,721)
Net current assets 2,844,982    2,259,668 
 
Total assets less current liabilities 3,077,116    2,542,758 
Creditors: amount falling due after more than one year (1,147,261)   (915,835)
Net assets 1,929,855    1,626,923 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 1,929,755    1,626,823 
Shareholder's funds 1,929,855    1,626,923 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 March 2024 and were signed on its behalf by:


-------------------------------
Mr Sajaid Mahmood
Director
1
General Information
WOLLATON VIEW LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10237862, registration address 64 Castle Boulevard, Nottingham, NG7 1FN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 18% Reducing Balance
Computer Equipment 18% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Factored debts
The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor.
2.

Average number of employees

Average number of employees during the year was 45 (2022 : 44).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2022 724,400    2,472    726,872 
Additions    
Disposals    
At 31 March 2023 724,400    2,472    726,872 
Depreciation
At 01 April 2022 442,102    1,680    443,782 
Charge for year 50,813    143    50,956 
On disposals    
At 31 March 2023 492,915    1,823    494,738 
Net book values
Closing balance as at 31 March 2023 231,485    649    232,134 
Opening balance as at 01 April 2022 282,298    792    283,090 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Wollaton Development Ltd110,000 110,000 (135,023)(37,702)
Medina View Limited14,666 166 
Medina Long Eaton Ltd731,928 731,928 
Wilford View Ltd166,922 100,422 
Medina Stapleford Ltd569,142 269,142 
Medina Ltd818,742 818,742 
Medina Nottingham Ltd646,353 636,290 
Medina Connect Ltd169,108 169,408 
Clifton View Ltd(120,250)(119,859)
Mrs Munir Bibi(8,157)(8,157)
SK Nottingham Ltd(2,887)(2,887)
Medina Green Limited5,744 5,744 
Long Eaton View Ltd51,464 
3D Lets Limited8,522 

Wollaton Development is the 100% parent company of Wollaton View Ltd. During the year, the company was charged rent by Wollaton Development Ltd at market value and on normal commercial terms. The year end balance is included within debtors due after more than one year.
The company has directors in common with Medina View Limited. At the balance sheet date, the company owed an interest free loan to Medina View Ltd, included within creditors due after more than one year.
The company has directors in common with Medina Long Eaton Ltd. At the balance sheet date, the company was owed an interest free loan from Medina Long Eaton Ltd, included within debtors due after more than one year.
The company has directors in common with Wilford View Ltd. At the balance sheet date, the company was owed an interest free loan from Wilford View Ltd, included within debtors due after more than one year.
The company has directors in common with Medina Stapleford Ltd. At the balance sheet date, the company was owed an interest free loan from Medina Stapleford Ltd, included within debtors due after more than one year.
The company has directors in common with Medina Ltd. At the balance sheet date, the company was owed an interest free loan from Medina Ltd, included within debtors due after more than one year.
The company has directors in common with Medina Nottingham Ltd. At the balance sheet date, the company was owed an interest free loan from Medina Nottingham Ltd, included within debtors due after more than one year.
The company has directors in common with Medina Connect Ltd. At the balance sheet date, the company was owed an interest free loan from Medina Connect Ltd, included within debtors due after more than one year
The company has directors in common with Clifton View Ltd. At the balance sheet date, the company owed an interest free loan to Clifton View Ltd, included within creditors due after more than one year.
Mrs Munir Bibi is the mother of the director Mr Sajaid Mahmood. At the balance sheet date, the company owed an interest free loan to Mrs Munir Bibi, included within creditors due after more than one year.
The director Mr Sajaid Mahmood is the brother of one of the directors in SK Nottingham Ltd. At the balance sheet date, the company owed an interest free loan to SK Nottingham Ltd, included within creditors due after more than one year.
The company has directors in common with Medina Green Limited. At the balance sheet date, the company was owed an interest free loan from Medina Green Limited, included within debtors due after more than one year.
The company has directors in common with Long Eaton View Ltd. At the balance sheet date, the company was owed an interest free loan from Long Eaton View Ltd, included within debtors due after more than one year.
The company has directors in common with 3D Lets Limited. At the balance sheet date, the company was owed an interest free loan from 3D Lets Limited, included within debtors due after more than one year.
2