Company Registration No. 09740847 (England and Wales)
WKDM Properties Limited
Unaudited accounts
for the year ended 31 August 2023
WKDM Properties Limited
Unaudited accounts
Contents
WKDM Properties Limited
Company Information
for the year ended 31 August 2023
Directors
W Muggleton
K C Muggleton
Company Number
09740847 (England and Wales)
Registered Office
117
Vardon Drive
Leigh on Sea
Essex
SS9 3SH
ENGLAND
Accountants
SilverstoneBKS Limited
127 Raphael Drive
Shoeburyness
Southend on Sea
Essex
SS3 9UR
WKDM Properties Limited
Statement of financial position
as at 31 August 2023
Investment property
466,908
585,000
Cash at bank and in hand
7,306
19,292
Creditors: amounts falling due within one year
(9,760)
(2,658)
Net current (liabilities)/assets
(2,454)
16,634
Total assets less current liabilities
464,454
601,634
Creditors: amounts falling due after more than one year
(281,551)
(457,733)
Provisions for liabilities
Deferred tax
(15,418)
(23,244)
Net assets
167,485
120,657
Called up share capital
100
100
Profit and loss account
167,385
120,557
Shareholders' funds
167,485
120,657
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by
K C Muggleton
Director
Company Registration No. 09740847
WKDM Properties Limited
Notes to the Accounts
for the year ended 31 August 2023
WKDM Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09740847. The registered office is 117, Vardon Drive, Leigh on Sea, Essex, SS9 3SH, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Fair value at 1 September 2022
585,000
Net gain from fair value adjustments
9,000
The freehold investment properties were revalued by the directors in 2023 on an open market existing use basis.
WKDM Properties Limited
Notes to the Accounts
for the year ended 31 August 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,038
2,358
Loans from directors
2,322
-
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
281,551
301,551
Loans from directors
-
156,182
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).