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REGISTERED NUMBER: 09850545 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

WTGW Properties Limited

WTGW Properties Limited (Registered number: 09850545)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WTGW Properties Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: W T G Windsor





REGISTERED OFFICE: Windsor House
Clovelly Road, Southbourne
Emsworth
Hampshire
PO10 8PF





REGISTERED NUMBER: 09850545 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

WTGW Properties Limited (Registered number: 09850545)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 525,000 475,000

CURRENT ASSETS
Debtors 5 3,349 3,335
Cash at bank and in hand 243 288
3,592 3,623
CREDITORS
Amounts falling due within one year 6 333,921 100,618
NET CURRENT LIABILITIES (330,329 ) (96,995 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,671

378,005

CREDITORS
Amounts falling due after more than one
year

7

(34,244

)

(272,024

)

PROVISIONS FOR LIABILITIES (28,299 ) -
NET ASSETS 132,128 105,981

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 132,127 105,980
SHAREHOLDERS' FUNDS 132,128 105,981

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

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

WTGW Properties Limited (Registered number: 09850545)

Balance Sheet - continued
31 October 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 February 2024 and were signed by:





W T G Windsor - Director


WTGW Properties Limited (Registered number: 09850545)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

WTGW Properties 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

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

WTGW Properties Limited (Registered number: 09850545)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 475,000
Revaluations 50,000
At 31 October 2023 525,000
NET BOOK VALUE
At 31 October 2023 525,000
At 31 October 2022 475,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2021 14,362
Valuation in 2022 75,000
Cost 385,638
475,000

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 475,000
Revaluations 50,000
525,000

CLIENT SCREEN TOTAL = 475,000


The director has assessed the fair value of the investment property based on the current market value of similar properties in the vicinity and its current rental yield.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 2,584 2,570
Other debtors 765 765
3,349 3,335

WTGW Properties Limited (Registered number: 09850545)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 237,858 11,399
Amounts owed to group undertakings 500 500
Taxation and social security 1,043 1,789
Other creditors 94,520 86,930
333,921 100,618

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 34,244 272,024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 272,102 283,423

The bank holds a fixed charge over the property and a floating charge covering all the property or undertaking of the company.