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Registered Number: 12938905
England and Wales

 

 

 

WALTON AND SONS PROPERTY LTD


Financial Statements
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Director Jonathan Walton
Registered Number 12938905
Registered Office 22 MILTON DRIVE
SCHOLES LEEDS
LS15 4BS
Accountants UWM Accountants
UWM House
6 Fusion Court
Leeds
West Yorkshire
LS25 2GH
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 168,770    168,770 
168,770    168,770 
Current assets      
Debtors 4   97 
Cash at bank and in hand 21    73 
21    170 
Creditors: amount falling due within one year 5 (167,031)   (163,557)
Net current assets (167,010)   (163,387)
 
Total assets less current liabilities 1,760    5,383 
Provisions for liabilities 6   (1,710)
Net assets 1,760    3,673 
 

Capital and reserves
     
Called up share capital 2    2 
Fair Value Reserves 7 7,290    7,290 
Profit and loss account (5,532)   (3,619)
Shareholders' funds 1,760    3,673 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 29 July 2024 and were signed by:


-------------------------------
Jonathan Walton
Director
2
General Information
WALTON AND SONS PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 12938905, registration address 22 MILTON DRIVE, SCHOLES LEEDS, LS15 4BS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 November 2022 168,770    168,770 
Additions  
Disposals  
At 31 October 2023 168,770    168,770 
Depreciation
At 01 November 2022  
Charge for year  
On disposals  
At 31 October 2023  
Net book values
Closing balance as at 31 October 2023 168,770    168,770 
Opening balance as at 01 November 2022 168,770    168,770 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors   97 
  97 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Bank Loans & Overdrafts 109,000    109,000 
Other Creditors 58,031    54,557 
167,031    163,557 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax   1,710 
  1,710 

7.

Fair Value Reserves

2023
£
  2022
£
Fair Value Reserve   7,290 
Fair Value Reserve b/fwd 7,290   
7,290    7,290 

3