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REGISTERED NUMBER: 10481130 (England and Wales)















WELLER ESTATES LIMITED

Unaudited Financial Statements for the Year Ended 30 November 2023






WELLER ESTATES LIMITED (REGISTERED NUMBER: 10481130)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WELLER ESTATES LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs S A Jobson
Mrs R Jobson
J A Jobson
B D Jobson





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 10481130 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

WELLER ESTATES LIMITED (REGISTERED NUMBER: 10481130)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97 121
Investment property 5 1,161,697 1,161,697
1,161,794 1,161,818

CURRENT ASSETS
Debtors 6 5,104 5,061
Cash at bank 56,709 44,167
61,813 49,228
CREDITORS
Amounts falling due within one year 7 1,172,365 1,178,275
NET CURRENT LIABILITIES (1,110,552 ) (1,129,047 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,242

32,771

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 51,142 32,671
SHAREHOLDERS' FUNDS 51,242 32,771

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 12 March 2024 and were signed on its behalf by:




B D Jobson - Director


WELLER ESTATES LIMITED (REGISTERED NUMBER: 10481130)

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

1. STATUTORY INFORMATION

Weller Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at cost.

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.

Revenue recognition
Rental income from investment property leased out is recognised in the accounts on a straight-line basis over the term of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

WELLER ESTATES LIMITED (REGISTERED NUMBER: 10481130)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 495
DEPRECIATION
At 1 December 2022 374
Charge for year 24
At 30 November 2023 398
NET BOOK VALUE
At 30 November 2023 97
At 30 November 2022 121

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,161,697
NET BOOK VALUE
At 30 November 2023 1,161,697
At 30 November 2022 1,161,697

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 5,104 5,061

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,257 -
Corporation tax 4,338 3,862
Social security and other taxes - 388
Directors' current accounts 1,160,070 1,160,525
Accrued expenses 2,700 13,500
1,172,365 1,178,275

WELLER ESTATES LIMITED (REGISTERED NUMBER: 10481130)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary A £1 10 10
90 Ordinary B £1 90 90
100 100

Shares rank equally for voting and distribution purposes but have separate dividend rights. Shares are not redeemable. One vote per share held.

9. RESERVES
Retained
earnings
£   

At 1 December 2022 32,671
Profit for the year 18,471
At 30 November 2023 51,142

10. ULTIMATE CONTROLLING PARTY

During the current and previous year there was no ultimate controlling party.