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REGISTERED NUMBER: 10459087 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2023

for

WALDEGGNEST LTD

WALDEGGNEST LTD (REGISTERED NUMBER: 10459087)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


WALDEGGNEST LTD (REGISTERED NUMBER: 10459087)

Balance Sheet
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,816 22,861
Investments 5 162 162
Investment property 6 1,633,733 1,584,857
1,650,711 1,607,880

CURRENT ASSETS
Debtors 7 563,220 553,814
Cash at bank 24,983 2,228
588,203 556,042
CREDITORS
Amounts falling due within one year 8 1,769,026 2,013,154
NET CURRENT LIABILITIES (1,180,823 ) (1,457,112 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,888

150,768

CREDITORS
Amounts falling due after more than one year 9 865,618 506,324
NET LIABILITIES (395,730 ) (355,556 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (395,830 ) (355,656 )
SHAREHOLDERS' FUNDS (395,730 ) (355,556 )

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 director acknowledges his 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.

WALDEGGNEST LTD (REGISTERED NUMBER: 10459087)

Balance Sheet - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 April 2024 and were signed by:





S R Coates - Director


WALDEGGNEST LTD (REGISTERED NUMBER: 10459087)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Waldeggnest Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10459087

Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% straight line

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WALDEGGNEST LTD (REGISTERED NUMBER: 10459087)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022 65,377
Additions 4,005
At 30 November 2023 69,382
DEPRECIATION
At 1 December 2022 42,516
Charge for year 10,050
At 30 November 2023 52,566
NET BOOK VALUE
At 30 November 2023 16,816
At 30 November 2022 22,861

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 162
NET BOOK VALUE
At 30 November 2023 162
At 30 November 2022 162

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 1,584,857
Additions 48,876
At 30 November 2023 1,633,733
NET BOOK VALUE
At 30 November 2023 1,633,733
At 30 November 2022 1,584,857

WALDEGGNEST LTD (REGISTERED NUMBER: 10459087)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 9,695 7,205
Amounts owed by group undertakings 525,524 527,524
Other debtors 28,001 19,085
563,220 553,814

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 5,857 5,857
Trade creditors 7,756 392
Amounts owed to group undertakings 18,811 26,436
Other creditors 1,736,602 1,980,469
1,769,026 2,013,154

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 8,781 14,203
Other creditors 856,837 492,121
865,618 506,324

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Other creditors 856,837 492,121

Other creditors are secured against the properties to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary 1 100 100