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Registration number: 14219923

W.G.Ball Holdings Limited

Unaudited Financial Statements

for the Period from 7 July 2022 to 30 September 2023

 

W.G.Ball Holdings Limited

Contents

Balance Sheet

1 to 2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 6

 

W.G.Ball Holdings Limited

(Registration number: 14219923)
Balance Sheet as at 30 September 2023

Note

2023
£

Fixed assets

 

Investment property

4

283,169

Investments

5

1,508,700

 

1,791,869

Current assets

 

Debtors

6

18,430

Cash at bank and in hand

 

255,000

 

273,430

Creditors: Amounts falling due within one year

7

(615,827)

Net current liabilities

 

(342,397)

Total assets less current liabilities

 

1,449,472

Provisions for liabilities

(20,624)

Net assets

 

1,428,848

Capital and reserves

 

Called up share capital

1,200

Profit and loss account

1,427,648

Shareholders' funds

 

1,428,848

For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

W.G.Ball Holdings Limited

(Registration number: 14219923)
Balance Sheet as at 30 September 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 29 March 2024 and signed on its behalf by:
 

.........................................
Mr Lee David Dodd
Director

 

W.G.Ball Holdings Limited

Statement of Changes in Equity for the Period from 7 July 2022 to 30 September 2023

Share capital
£

Profit and loss account
£

Total
£

Profit for the period

-

1,575,597

1,575,597

Total comprehensive income

-

1,575,597

1,575,597

Dividends

-

(147,949)

(147,949)

New share capital subscribed

1,200

-

1,200

At 30 September 2023

1,200

1,427,648

1,428,848

 

W.G.Ball Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 7 July 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Longton Mill
Anchor Road
Longton
Stoke On Trent
ST3 1JW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A "Small Entities" - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

W.G.Ball Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 7 July 2022 to 30 September 2023

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recorded at cost and then subsequently carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in subsidiary undertakings are recognised at cost.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investment properties

2023
£

Additions

283,169

At 30 September

283,169

5

Investments

2023
£

Investments in subsidiaries

1,508,700

Subsidiaries

£

Cost or valuation

Additions

1,508,700

Provision

Carrying amount

At 30 September 2023

1,508,700

 

W.G.Ball Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 7 July 2022 to 30 September 2023

6

Debtors

2023
£

Amounts owed by group undertakings

11,959

Prepayments

 

6,471

 

18,430

7

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

1,947

Accruals

1,125

Other creditors

612,755

615,827