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REGISTERED NUMBER: 12368107 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2023

for

WONDERFORD LTD

WONDERFORD LTD (REGISTERED NUMBER: 12368107)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WONDERFORD LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Miss T K Lam
C C H Tsang





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 12368107 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

WONDERFORD LTD (REGISTERED NUMBER: 12368107)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,257 10,512
Tangible assets 5 2,087 2,151
Investment property 6 475,000 475,000
482,344 487,663

CURRENT ASSETS
Debtors 7 14,771 8,782
Cash at bank 92,507 112,674
107,278 121,456
CREDITORS
Amounts falling due within one year 8 (416,015 ) (411,877 )
NET CURRENT LIABILITIES (308,737 ) (290,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,607

197,242

CREDITORS
Amounts falling due after more than one
year

9

(363,348

)

(363,364

)
NET LIABILITIES (189,741 ) (166,122 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (189,841 ) (166,222 )
SHAREHOLDERS' FUNDS (189,741 ) (166,122 )

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

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

WONDERFORD LTD (REGISTERED NUMBER: 12368107)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:




Miss T K Lam - Director



C C H Tsang - Director


WONDERFORD LTD (REGISTERED NUMBER: 12368107)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Wonderford Ltd 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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

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 - Straight line over 5 years
Computer equipment - Straight line over 3 years

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 Income Statement, 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.


WONDERFORD LTD (REGISTERED NUMBER: 12368107)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 26,277
AMORTISATION
At 1 January 2023 15,765
Charge for year 5,255
At 31 December 2023 21,020
NET BOOK VALUE
At 31 December 2023 5,257
At 31 December 2022 10,512

WONDERFORD LTD (REGISTERED NUMBER: 12368107)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 1,011 3,165 4,176
Additions 454 972 1,426
At 31 December 2023 1,465 4,137 5,602
DEPRECIATION
At 1 January 2023 606 1,419 2,025
Charge for year 293 1,197 1,490
At 31 December 2023 899 2,616 3,515
NET BOOK VALUE
At 31 December 2023 566 1,521 2,087
At 31 December 2022 405 1,746 2,151

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 475,000
NET BOOK VALUE
At 31 December 2023 475,000
At 31 December 2022 475,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2020 (13,450 )
Valuation in 2021 52,402
Valuation in 2022 (76,383 )
Cost 512,431
475,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 14,771 8,782

WONDERFORD LTD (REGISTERED NUMBER: 12368107)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 3,560 912
Other creditors 412,455 410,965
416,015 411,877

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 363,348 363,364

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 363,348 363,364

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Mortgage 363,348 363,364

The Mortgage provided by Hampshire Trust Bank PLC is secured against the freehold property known as 6 Brook Street, Swinton, Manchester, M27 9PA by way of fixed charge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 January 2023 (166,222 )
Deficit for the year (23,619 )
At 31 December 2023 (189,841 )

WONDERFORD LTD (REGISTERED NUMBER: 12368107)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

13. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.