Registered number
04781307
Wembley Estate Holdings Limited
Filleted Accounts
30 April 2023
Wembley Estate Holdings Limited
Registered number: 04781307
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,025,410 1,025,410
Current assets
Debtors 4 6,485 6,485
Cash at bank and in hand 94,073 67,713
100,558 74,198
Creditors: amounts falling due within one year 5 (3,070) (3,564)
Net current assets 97,488 70,634
Total assets less current liabilities 1,122,898 1,096,044
Creditors: amounts falling due after more than one year 6 (673,500) (656,000)
Net assets 449,398 440,044
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 400,000 400,000
Profit and loss account 49,298 39,944
Shareholders' funds 449,398 440,044
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.
Mrs R. Cohen
Director
Approved by the board on 3 April 2024
Wembley Estate Holdings Limited
Notes to the Accounts
for the year ended 30 April 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 considerationof rents and service charges received or receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 0%
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2022 1,025,410
At 30 April 2023 1,025,410
Depreciation
At 30 April 2023 -
Net book value
At 30 April 2023 1,025,410
At 30 April 2022 1,025,410
Freehold land and buildings: 2023 2022
£ £
Historical cost 625,410 625,410
Cumulative depreciation based on historical cost - -
625,410 625,410
4 Debtors 2023 2022
£ £
Trade debtors 2,139 2,139
Intercompany account 4,246 4,246
Other debtors 100 100
6,485 6,485
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 2,230 2,723
Other creditors 840 841
3,070 3,564
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 502,500 485,000
Intercompany accounts 171,000 171,000
673,500 656,000
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 485,000 485,000
[Give an indication of the nature and form of the security for the bank loans]
8 Revaluation reserve 2023 2022
£ £
At 1 May 2022 400,000 400,000
At 30 April 2023 400,000 400,000
9 Other information
Wembley Estate Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
179 Torridon Road
London
SE6 1RG

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