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Registration number: 14468797

J.A. And S.A. Wilson Property Ltd.

Annual Report and Unaudited Financial Statements

for the Period from 8 November 2022 to 30 November 2023

 

J.A. And S.A. Wilson Property Ltd.

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

J.A. And S.A. Wilson Property Ltd.

(Registration number: 14468797)
Balance Sheet as at 30 November 2023

Note

2023
£

Fixed assets

 

Investment property

4

301,700

Current assets

 

Debtors

5

17,850

Cash at bank and in hand

 

45,664

 

63,514

Creditors: Amounts falling due within one year

6

(172,954)

Net current liabilities

 

(109,440)

Total assets less current liabilities

 

192,260

Creditors: Amounts falling due after more than one year

6

(210,466)

Net liabilities

 

(18,206)

Capital and reserves

 

Called up share capital

200

Retained earnings

(18,406)

Shareholders' deficit

 

(18,206)

 

J.A. And S.A. Wilson Property Ltd.

(Registration number: 14468797)
Balance Sheet as at 30 November 2023

For the financial period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 5 August 2024 and signed on its behalf by:
 

.........................................
J A Wilson
Director

 

J.A. And S.A. Wilson Property Ltd.

Notes to the Unaudited Financial Statements for the Period from 8 November 2022 to 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
56 Bull Street
Stratford-Upon-Avon
Warwickshire
CV37 6DS
England

These financial statements were authorised for issue by the Board on 5 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

J.A. And S.A. Wilson Property Ltd.

Notes to the Unaudited Financial Statements for the Period from 8 November 2022 to 30 November 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investment properties

2023
£

Additions

301,700

At 30 November

301,700

There has been no valuation of investment property by an independent valuer.

5

Debtors

2023
£

Other debtors

16,909

Prepayments

941

17,850

 

J.A. And S.A. Wilson Property Ltd.

Notes to the Unaudited Financial Statements for the Period from 8 November 2022 to 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

720

Other creditors

172,234

172,954

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

7

210,466

The loan is secured on a property ownd by the company Directors.

7

Loans and borrowings

2023
£

Non-current loans and borrowings

Other borrowings

210,466