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REGISTERED NUMBER: 02598790 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

A. Welcome House Limited

A. Welcome House Limited (Registered number: 02598790)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A. Welcome House Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr Z Merali
Ms A Merali





SECRETARY: Mrs Z Merali





REGISTERED OFFICE: 43-49 Farnham Road
Guildford
Surrey
GU2 4JN





REGISTERED NUMBER: 02598790 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

A. Welcome House Limited (Registered number: 02598790)

Balance Sheet
30 June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 335,959 335,959
Tangible assets 5 4,310,083 4,311,484
4,646,042 4,647,443

CURRENT ASSETS
Debtors 6 64,280 83,606
Prepayments and accrued income 15,331 9,621
Cash at bank and in hand 762,362 494,882
841,973 588,109
CREDITORS
Amounts falling due within one year 7 171,631 132,111
NET CURRENT ASSETS 670,342 455,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,316,384

5,103,441

CREDITORS
Amounts falling due after more than one year 8 (2,971,354 ) (3,029,167 )

PROVISIONS FOR LIABILITIES (40,749 ) (10,160 )
NET ASSETS 2,304,281 2,064,114

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 634,253 634,253
Retained earnings 1,669,028 1,428,861
SHAREHOLDERS' FUNDS 11 2,304,281 2,064,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A. Welcome House Limited (Registered number: 02598790)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 17 January 2024 and were signed on its behalf by:





Mr Z Merali - Director


A. Welcome House Limited (Registered number: 02598790)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

A. Welcome House Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Compliance with accounting standards
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows

Freehold land and buildingsNo depreciation charged
Plant and machinery 12.5% reducing balance
Fixtures, fittings & equipment 25% reducing balance
Motor vehicles 25% reducing balance

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 balance sheet date.


A. Welcome House Limited (Registered number: 02598790)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 335,959
At 30 June 2023 335,959
NET BOOK VALUE
At 30 June 2023 335,959

A. Welcome House Limited (Registered number: 02598790)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 4,101,904 357,635 264,102
Additions - - 12,474
Disposals - - -
At 30 June 2023 4,101,904 357,635 276,576
DEPRECIATION
At 1 July 2022 - 295,282 230,892
Charge for year - 7,794 9,203
Eliminated on disposal - - -
At 30 June 2023 - 303,076 240,095
NET BOOK VALUE
At 30 June 2023 4,101,904 54,559 36,481
At 30 June 2022 4,101,904 62,353 33,210

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 155,365 6,342 4,885,348
Additions 38,016 130 50,620
Disposals (11,772 ) - (11,772 )
At 30 June 2023 181,609 6,472 4,924,196
DEPRECIATION
At 1 July 2022 44,580 3,110 573,864
Charge for year 27,842 560 45,399
Eliminated on disposal (5,150 ) - (5,150 )
At 30 June 2023 67,272 3,670 614,113
NET BOOK VALUE
At 30 June 2023 114,337 2,802 4,310,083
At 30 June 2022 110,785 3,232 4,311,484

A. Welcome House Limited (Registered number: 02598790)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Other debtors - 619
Accrued income 64,280 82,987
64,280 83,606

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts 14,661 23,915
Hire purchase contracts 187 187
Trade creditors 15,670 11,224
Tax 96,681 30,811
P.A.Y.E. accrued 20,260 15,337
Staff holiday accrued 9,000 9,000
Pension Control 3,688 3,017
Other creditors 2,420 -
Directors' current accounts 708 1,304
Accruals and deferred income 7,662 2,060
Wages and salaries 694 35,256
171,631 132,111

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Bank loans - 2-5 years 2,942,187 3,000,000
Bank loans more 1 yrs - BBL 29,167 29,167
2,971,354 3,029,167

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 1 yrs - BBL 29,167 29,167

9. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 634,253

10. CONTROL

The ultimate controlling party is Mr Z Merali, a director, by virtue of his shareholding.

A. Welcome House Limited (Registered number: 02598790)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

11. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
30/6/23 30/6/22
£    £   
Profit for the financial year 354,167 172,339
Dividends (114,000 ) (97,000 )
Net addition to shareholders' funds 240,167 75,339
Opening shareholders' funds 2,064,114 1,988,775
Closing shareholders' funds 2,304,281 2,064,114