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REGISTERED NUMBER: 10811234 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Walser Properties Ltd

Walser Properties Ltd (Registered number: 10811234)






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


Walser Properties Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: G Grealis
J E Newton





REGISTERED OFFICE: C/O Robert Day Accountancy Ltd
Kao Hockham Building
Edinburgh Way
Harlow
Essex
CM20 2NQ





REGISTERED NUMBER: 10811234 (England and Wales)





ACCOUNTANTS: Robert Day Accountancy Limited
Kao Hockham Building
Edinburgh Way
Harlow
Essex
CM20 2NQ

Walser Properties Ltd (Registered number: 10811234)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 105
Investment property 5 3,530,166 3,530,166
3,530,166 3,530,271

CURRENT ASSETS
Debtors 6 14,741 39,293
Cash at bank 97,547 31,962
112,288 71,255
CREDITORS
Amounts falling due within one year 7 1,462,361 1,598,065
NET CURRENT LIABILITIES (1,350,073 ) (1,526,810 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,180,093

2,003,461

CREDITORS
Amounts falling due after more than
one year

8

1,525,364

1,434,450
NET ASSETS 654,729 569,011

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 654,629 568,911
654,729 569,011

Walser Properties Ltd (Registered number: 10811234)

Balance Sheet - continued
30 June 2023


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.

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 22 February 2024 and were signed on its behalf by:





J E Newton - Director


Walser Properties Ltd (Registered number: 10811234)

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

1. STATUTORY INFORMATION

Walser Properties Ltd 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.

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

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.

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 2 (2022 - 2 ) .

Walser Properties Ltd (Registered number: 10811234)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 315
DEPRECIATION
At 1 July 2022 210
Charge for year 105
At 30 June 2023 315
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 105

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 3,530,166
NET BOOK VALUE
At 30 June 2023 3,530,166
At 30 June 2022 3,530,166

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 6,172 32,378
Other debtors 8,569 6,915
14,741 39,293

Walser Properties Ltd (Registered number: 10811234)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 73,960 125,700
Trade creditors 1,942 3,601
Taxation and social security 21,698 23,474
Other creditors 1,364,761 1,445,290
1,462,361 1,598,065

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 1,525,364 1,434,450

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 1,599,324 -

The bank loan is secured by a fixed and floating charge over the assets of the company together with a charge over land and buildings at The Maltings, Sawbridgeworth, Hertfordshire.