1 August 2022 false No description of principal activity Taxfiler 2024.1 true 12782559business:PrivateLimitedCompanyLtd2022-08-012023-07-31 127825592022-07-31 127825592022-08-012023-07-31 12782559business:AuditExemptWithAccountantsReport2022-08-012023-07-31 12782559business:FilletedAccounts2022-08-012023-07-31 127825592023-07-31 12782559business:Director12022-08-012023-07-31 12782559business:Director22022-08-012023-07-31 12782559business:CompanySecretary12022-08-012023-07-31 12782559business:RegisteredOffice2022-08-012023-07-31 127825592022-07-31 12782559core:WithinOneYear2023-07-31 12782559core:WithinOneYear2022-07-31 12782559core:AfterOneYear2023-07-31 12782559core:AfterOneYear2022-07-31 12782559core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12782559core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 12782559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12782559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 12782559core:PreviouslyStatedAmount2023-07-31 12782559core:PreviouslyStatedAmount2022-07-31 12782559business:SmallEntities2022-08-012023-07-31 12782559countries:EnglandWales2022-08-012023-07-31 12782559core:LandBuildings2022-07-31 12782559core:LandBuildings2023-07-31 12782559core:WithinOneYear2022-08-012023-07-31 127825592021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 12782559 (England and Wales)
WBI Estate Ltd Unaudited accounts for the year ended 31 July 2023
WBI Estate Ltd Unaudited accounts Contents
Page
- 2 -
WBI Estate Ltd Company Information for the year ended 31 July 2023
Directors
Edwin Peng Khoon Lee Voon Yui Yong
Secretary
Amjad Iqbal
Company Number
12782559 (England and Wales)
Registered Office
Wight Bay Hotel 2 Royal Street PO36 8LP England
Accountants
AY Accountants LLP 2nd floor, 6 Oxford street Bolton Greater Manchester BL1 1RF
- 3 -
WBI Estate Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,158 
26,158 
Current assets
Debtors
40,869 
33,067 
Cash at bank and in hand
7,459 
9,643 
48,328 
42,710 
Creditors: amounts falling due within one year
(2,950)
(2,448)
Net current assets
45,378 
40,262 
Total assets less current liabilities
71,536 
66,420 
Creditors: amounts falling due after more than one year
(65,978)
(65,978)
Net assets
5,558 
442 
Capital and reserves
Called up share capital
22 
22 
Profit and loss account
5,536 
420 
Shareholders' funds
5,558 
442 
For the year ending 31 July 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 22 April 2024 and were signed on its behalf by
Edwin Peng Khoon Lee Director Company Registration No. 12782559
- 4 -
WBI Estate Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
WBI Estate Ltd is a private company, limited by shares, registered in England and Wales, registration number 12782559. The registered office is Wight Bay Hotel, 2 Royal Street, PO36 8LP, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
Going concern
The directors have reasonable expectations that the company has adequate resources to continue in operational existence for a foreseeable future.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 August 2022
26,158 
At 31 July 2023
26,158 
Depreciation
At 31 July 2023
- 
Net book value
At 31 July 2023
26,158 
At 31 July 2022
26,158 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,569 
10,767 
Other debtors
22,300 
22,300 
40,869 
33,067 
- 5 -
WBI Estate Ltd Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
13 
711 
Taxes and social security
1,337 
137 
Accruals
1,600 
1,600 
2,950 
2,448 
Other Creditors include amounts invested by company's shareholders.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
65,978 
65,978 
8
Transactions with related parties
At the year end, the outstanding balance of an unsecured loan £22,300 (£22,300 2022) to related party IMC SANDOWN LTD. No interest has been charged to the company in respect of this loan which is repayable on demand and classified in other debtors due within one year.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -