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Company Registration No. 12306509 (England and Wales)
WE10 LTD Unaudited accounts for the year ended 30 November 2023
WE10 LTD Unaudited accounts Contents
Page
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WE10 LTD Company Information for the year ended 30 November 2023
Director
MD TOWHIDUL ISLAM
Company Number
12306509 (England and Wales)
Registered Office
25 Alexgander Road RAMSGATE KENT CT6 5SP ENGLAND
Accountants
CITYGATE CERTIFIED ACCOUNTANTS EAST LONDON BUSINESS CENTRE 93-101 GREENFIELD ROAD LONDON E1 1EJ
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WE10 LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Investment property
530,151 
400,578 
Current assets
Cash at bank and in hand
91,727 
(32)
Creditors: amounts falling due within one year
(334,596)
(330,893)
Net current liabilities
(242,869)
(330,925)
Total assets less current liabilities
287,283 
69,654 
Creditors: amounts falling due after more than one year
(395,551)
(101,365)
Net liabilities
(108,268)
(31,711)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(108,269)
(31,712)
Shareholders' funds
(108,268)
(31,711)
For the year ending 30 November 2023 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 26 March 2024 and were signed on its behalf by
MD TOWHIDUL ISLAM Director Company Registration No. 12306509
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WE10 LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
WE10 LTD is a private company, limited by shares, registered in England and Wales, registration number 12306509. The registered office is 25 Alexgander Road, RAMSGATE, KENT, CT6 5SP, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Investment property
2023 
£ 
Fair value at 1 December 2022
400,578 
Additions
129,573 
At 30 November 2023
530,151 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,761 
- 
Loans from directors
331,835 
330,683 
Accruals
- 
210 
334,596 
330,893 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
395,551 
101,365 
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WE10 LTD Notes to the Accounts for the year ended 30 November 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 3 (2022: 0).
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