Registered number
01547561
Waltrem Limited
Filleted Accounts
31 July 2023
Waltrem Limited
Registered number: 01547561
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1 1
Current assets
Debtors 4 2,434 1,931
Cash in hand 10 10
Bank account 4,142 6,020
6,586 7,961
Creditors: amounts falling due within one year 5 (3,118) (2,950)
Net current assets 3,468 5,011
Net assets 3,469 5,012
Capital and reserves
Called up share capital 12 12
Reserves 3,457 5,000
Total reserves 3,469 5,012
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miss K M Holmes
Director
Approved by the board on 25 August 2023
Waltrem Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents invoiced amounts of service charges. The service charge for the year per flat was £1,080.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Freehold property
£
Cost
At 1 August 2022 1
At 31 July 2023 1
Depreciation
At 31 July 2023 -
Net book value
At 31 July 2023 1
At 31 July 2022 1
4 Debtors 2023 2022
£ £
Service charges outstanding 2,434 1,931
5 Creditors: amounts falling due within one year 2023 2022
£ £
Service charges prepaid 1,260 1,080
Creditors 1,513 1,525
Accrual 345 345
3,118 2,950
6 Other information
Waltrem Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor
1 Edmund Street
Bradford
West Yorkshire
BD5 0BH
7 Controlling party
The day to day running of the business is controlled by the company's management agents. The
agents report to the Board, who have ultimate control on behalf of the shareholders.
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