IRIS Accounts Production v24.1.9.2 09549032 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 0 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095490322023-04-30095490322024-04-30095490322023-05-012024-04-30095490322022-04-30095490322022-05-012023-04-30095490322023-04-3009549032ns15:EnglandWales2023-05-012024-04-3009549032ns14:PoundSterling2023-05-012024-04-3009549032ns10:Director12023-05-012024-04-3009549032ns10:Director22023-05-012024-04-3009549032ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3009549032ns10:SmallEntities2023-05-012024-04-3009549032ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3009549032ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3009549032ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009549032ns10:FullAccounts2023-05-012024-04-3009549032ns10:RegisteredOffice2023-05-012024-04-3009549032ns5:CurrentFinancialInstruments2024-04-3009549032ns5:CurrentFinancialInstruments2023-04-3009549032ns5:ShareCapital2024-04-3009549032ns5:ShareCapital2023-04-3009549032ns5:SharePremium2024-04-3009549032ns5:SharePremium2023-04-3009549032ns5:RevaluationReserve2024-04-3009549032ns5:RevaluationReserve2023-04-3009549032ns5:RetainedEarningsAccumulatedLosses2024-04-3009549032ns5:RetainedEarningsAccumulatedLosses2023-04-3009549032ns5:LandBuildings2023-04-3009549032ns5:LandBuildings2024-04-3009549032ns5:LandBuildings2023-04-3009549032ns5:CostValuation2023-04-3009549032ns5:RevaluationReserve2023-04-30
REGISTERED NUMBER: 09549032 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

WALTONS COACH HIRE (HOLDINGS) LIMITED

WALTONS COACH HIRE (HOLDINGS) LIMITED (REGISTERED NUMBER: 09549032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALTONS COACH HIRE (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Peter John Walton
Mary Elizabeth Walton





REGISTERED OFFICE: Willowbrook
Naze Lane East
Freckleton
Preston
Lancashire
PR4 1UN





REGISTERED NUMBER: 09549032 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

WALTONS COACH HIRE (HOLDINGS) LIMITED (REGISTERED NUMBER: 09549032)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 400,000 400,000
Investments 5 527,751 527,751
927,751 927,751

CURRENT ASSETS
Debtors 6 28,526 10,726
Cash at bank 74,978 74,978
103,504 85,704
CREDITORS
Amounts falling due within one year 7 47,621 29,821
NET CURRENT ASSETS 55,883 55,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

983,634

983,634

CAPITAL AND RESERVES
Called up share capital 4 4
Share premium 527,751 527,751
Revaluation reserve 8 307,295 307,295
Retained earnings 148,584 148,584
SHAREHOLDERS' FUNDS 983,634 983,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

WALTONS COACH HIRE (HOLDINGS) LIMITED (REGISTERED NUMBER: 09549032)

BALANCE SHEET - continued
30 APRIL 2024


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 22 July 2024 and were signed on its behalf by:




Peter John Walton - Director



Mary Elizabeth Walton - Director


WALTONS COACH HIRE (HOLDINGS) LIMITED (REGISTERED NUMBER: 09549032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Waltons Coach Hire (Holdings) 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 as modified by the revaluation of certain assets.

Tangible fixed assets
The freehold land and buildings are held by the company as investment properties. As such the assets are not subject to depreciation. The property is included in the balance sheet at the open market value. This is in compliance with the Financial Reporting Standard for Smaller Entities (effective January 2015) but is a departure from the Companies Act 2006, stating that all tangible fixed assets should be depreciated over the useful economic life of the asset. Any depreciation charge on the asset would not, in the opinion of the directors, be material since the property is maintained to a high standard. Changes to the market value are posted to the Investment revaluation reserve.

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

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.

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.

Going concern
The directors believe that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

WALTONS COACH HIRE (HOLDINGS) LIMITED (REGISTERED NUMBER: 09549032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 400,000
NET BOOK VALUE
At 30 April 2024 400,000
At 30 April 2023 400,000

Cost or valuation at 30 April 2024 is represented by:

Land and
buildings
£   
Valuation in 2016 307,295
Cost 92,705
400,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30/4/24 30/4/23
£    £   
Cost 92,705 92,705

Freehold land and buildings were valued on an open market value basis on 30 April 2016 by the Directors .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 527,751
NET BOOK VALUE
At 30 April 2024 527,751
At 30 April 2023 527,751

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Other debtors 28,526 10,726

WALTONS COACH HIRE (HOLDINGS) LIMITED (REGISTERED NUMBER: 09549032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Directors' current accounts 47,271 29,471
Accruals and deferred income 350 350
47,621 29,821

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 307,295

9. RELATED PARTY DISCLOSURES

During the year dividends were paid to the Directors of £17,800 (2023: £4,000) to Mr P J Walton and Mrs M E Walton.

Included in debtors is an amount due from Walton Coach Hire Ltd of £28,525 (2023: £10,725).