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REGISTERED NUMBER: 10859317 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

WAS INVESTMENTS LIMITED

WAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10859317)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


WAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10859317)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,084,331 1,044,331

CURRENT ASSETS
Debtors 5 220,546 271,040
Cash at bank 9,484 12,876
230,030 283,916
CREDITORS
Amounts falling due within one year 6 28,314 29,631
NET CURRENT ASSETS 201,716 254,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,286,047

1,298,616

CREDITORS
Amounts falling due after more than one
year

7

(1,027,496

)

(1,116,874

)

PROVISIONS FOR LIABILITIES (17,100 ) (8,500 )
NET ASSETS 241,451 173,242

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non distributable reserves 72,900 41,500
Retained earnings 168,451 131,642
SHAREHOLDERS' FUNDS 241,451 173,242

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 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.

WAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10859317)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023


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 9 April 2024 and were signed by:





W A Siddique - Director


WAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10859317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Was Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10859317

Registered office: 368 Forest Road
London
E17 5JF

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

WAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10859317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 1,044,331
Revaluations 40,000
At 31 July 2023 1,084,331
NET BOOK VALUE
At 31 July 2023 1,084,331
At 31 July 2022 1,044,331

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2023 90,000
Cost 994,331
1,084,331

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by connected undertakings 220,023 270,023
Other debtors 523 1,017
220,546 271,040

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 1,719 791
Taxation and social security 8,634 11,121
Other creditors 7,961 7,719
28,314 29,631

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 662,497 691,874
Other creditors 364,999 425,000
1,027,496 1,116,874

WAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10859317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loan 642,517 662,103

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,980 19,771

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 642,517 662,103

9. SECURED DEBTS

The loans are secured by way of legal charges over the investment properties owned by the company.

2023 2022
£ £
Secured loans (642,517) (662,103)

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

WAS INVESTMENTS LIMITED (REGISTERED NUMBER: 10859317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


11. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

20232022
£   £   
Amounts owed by/(to) W A Siddique (Director)(6,641)(6,519)

Amounts owed by/(to) WI Investments Limited (Connected
Undertaking)

205,023

270,023
Amounts owed by/(to) Aveley Self Storage Limited (Connected
Undertaking)

15,000

-

The company was under the control of W A Siddique throughout the current year.

12. CONNECTED UNDERTAKINGS

A company having the same or predominantly the same shareholders and/or Board of Directors but which is neither a parent, subsidiary, fellow subsidiary or associated company. Any trading activities between such companies have been at arm's length.