WONWELL LIMITED

Company Registration Number:
03723105 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

WONWELL LIMITED

Company Information

for the Period Ended 31 March 2023




Director: Michael Dudfield
Registered office: Cedars
Bishop's Sutton
Alresford
Hampshire
SO24 0AL
Company Registration Number: 03723105 (England and Wales)

WONWELL LIMITED

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal Activities

Owning property

Directors

The directors shown below have held office during the whole of the period from 01 April 2022 to 31 March 2023
Michael Dudfield

This report was approved by the board of directors on 1 December 2023
And Signed On Behalf Of The Board By:

Name: Michael Dudfield
Status: Director

WONWELL LIMITED

Profit and Loss Account

for the Period Ended 31 March 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 54,223 52,851
Administrative Expenses ( 9,702 ) ( 1,391 )
Operating Profit or (Loss) 44,521 51,460
Interest Receivable and Similar Income - 15
Profit or (Loss) Before Tax 4 44,521 51,475
Tax on Profit ( 8,459 ) ( 9,780 )
Profit or (Loss) for Period 36,062 41,695

The notes form part of these financial statements

WONWELL LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 6 5 5
Tangible assets: 7 650,000 650,000
Total fixed assets: 650,005 650,005
Current assets
Cash at bank and in hand: 398,752 406,566
Total current assets: 398,752 406,566
Net current assets (liabilities): 398,752 406,566
Total assets less current liabilities: 1,048,757 1,056,571
Creditors: amounts falling due after more than one year: 8 ( 28,555 )
Total net assets (liabilities): 1,048,757 1,028,016

The notes form part of these financial statements

WONWELL LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,048,755 1,028,014
Shareholders funds: 1,048,757 1,028,016

For the year ending 31 March 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 December 2023
And Signed On Behalf Of The Board By:

Name: Michael Dudfield
Status: Director

The notes form part of these financial statements

WONWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WONWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

WONWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

WONWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4.Profit or (Loss) before tax

During 2022 some maintenance work was done to one one the properties. The cost of this work was £6920. The tenant contributed £3460. The cost of the work is included in the maintenance figure of £8099 and the tenant contribution is included in the profit of the company.

WONWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Dividends


2023
£

2022
£
Dividends paid 14,000 15,000

WONWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 6. Intangible assets

    Total
    Cost £
    At 01 April 2022 5
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 31 March 2023 5
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 31 March 2023 -
    Net book value
    Net book value at 31 March 2023 5
    Net book value at 31 March 2022 5

WONWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Tangible Assets

Total
Cost £
At 01 April 2022 650,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2023 650,000
Depreciation
At 01 April 2022 -
Charge for year -
On disposals -
Other adjustments -
At 31 March 2023 -
Net book value
At 31 March 2023 650,000
At 31 March 2022 650,000

WONWELL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

8. Creditors: amounts falling due after more than one year note

The figure of £28555 for creditors in 2022 was the capital gains liability from the sale of 2 properties. This money was paid to HMRC in 2022 - 2023 tax year. This cost to the business was not included in the profit and loss figure 2023.