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REGISTERED NUMBER: 04392887 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

WALLER SERVICES LIMITED

WALLER SERVICES LIMITED (REGISTERED NUMBER: 04392887)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALLER SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr S P Waller
Mr A C Waller
Mrs J R Waller





REGISTERED OFFICE: Mackenzies Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 04392887 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ

WALLER SERVICES LIMITED (REGISTERED NUMBER: 04392887)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 - 240
Investment property 5 1,178,690 679,915
1,178,690 680,155

CURRENT ASSETS
Debtors 6 2,513 67,260
Cash at bank and in hand 5,515 24,894
8,028 92,154
CREDITORS
Amounts falling due within one year 7 1,142,070 733,405
NET CURRENT LIABILITIES (1,134,042 ) (641,251 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,648

38,904

CAPITAL AND RESERVES
Called up share capital 8 306 306
Retained earnings 44,342 38,598
SHAREHOLDERS' FUNDS 44,648 38,904

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

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

WALLER SERVICES LIMITED (REGISTERED NUMBER: 04392887)

BALANCE SHEET - continued
31 JULY 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





Mr S P Waller - Director


WALLER SERVICES LIMITED (REGISTERED NUMBER: 04392887)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Waller Services 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Profit and loss account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 August 2022 240
Disposals (240 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 240

WALLER SERVICES LIMITED (REGISTERED NUMBER: 04392887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 August 2022 679,915
Additions 498,775
At 31 July 2023 1,178,690
NET BOOK VALUE
At 31 July 2023 1,178,690
At 31 July 2022 679,915

During the year the company acquired the freehold properties known as 65C, 65B, 65D and 67 Milton High Street, Sittingbourne, Kent. These properties were acquired by the company at market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by associates - 67,260
Prepayments 2,513 -
2,513 67,260

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed to associates 515,626 67,500
Tax 1,347 5,628
Other creditors 903 -
Directors' current accounts 624,194 660,277
1,142,070 733,405

Amounts owed to associates relates to a loan from Waller Associates Limited; a company in which Mr S Waller is also a director.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
300 Ordinary £1 300 300
2 Ordinary A £1 2 2
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
306 306

WALLER SERVICES LIMITED (REGISTERED NUMBER: 04392887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


9. RELATED PARTY DISCLOSURES

During the year Mr S Waller and Mr A Waller transferred 3 residential properties (which they both own equally) to the company, amounting to £495,024. These properties were transferred at market value.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are SPME Limited and ALSK Holdings Limited.