Company Registration No. 12782559 (England and Wales)
WBI Estate Ltd
Unaudited accounts
for the year ended 31 July 2023
WBI Estate Ltd
Unaudited accounts
Contents
WBI Estate Ltd
Company Information
for the year ended 31 July 2023
Directors
Edwin Peng Khoon Lee
Voon Yui Yong
Company Number
12782559 (England and Wales)
Registered Office
Wight Bay Hotel
2 Royal Street
PO36 8LP
England
Accountants
AY Accountants LLP
2nd floor, 6 Oxford street
Bolton
Greater Manchester
BL1 1RF
WBI Estate Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
26,158
26,158
Cash at bank and in hand
7,459
9,643
Creditors: amounts falling due within one year
(2,950)
(2,448)
Net current assets
45,378
40,262
Total assets less current liabilities
71,536
66,420
Creditors: amounts falling due after more than one year
(65,978)
(65,978)
Called up share capital
22
22
Profit and loss account
5,536
420
Shareholders' funds
5,558
442
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by
Edwin Peng Khoon Lee
Director
Company Registration No. 12782559
WBI Estate Ltd
Notes to the Accounts
for the year ended 31 July 2023
WBI Estate Ltd is a private company, limited by shares, registered in England and Wales, registration number 12782559. The registered office is Wight Bay Hotel, 2 Royal Street, PO36 8LP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
The directors have reasonable expectations that the company has adequate resources to continue in operational existence for a foreseeable future.
4
Tangible fixed assets
Land & buildings
Amounts falling due within one year
Trade debtors
18,569
10,767
Other debtors
22,300
22,300
WBI Estate Ltd
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,337
137
Other Creditors include amounts invested by company's shareholders.
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
65,978
65,978
8
Transactions with related parties
At the year end, the outstanding balance of an unsecured loan £22,300 (£22,300 2022) to related party IMC SANDOWN LTD. No interest has been charged to the company in respect of this loan which is repayable on demand and classified in other debtors due within one year.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).