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REGISTERED NUMBER: 10736475 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

1 WFR Limited

1 WFR Limited (Registered number: 10736475)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


1 WFR Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G Kirby
Mrs J E Kirby



REGISTERED OFFICE: 15 East Road
West Mersea
Colchester
Essex
CO5 8EB



REGISTERED NUMBER: 10736475 (England and Wales)



ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ



BANKERS: Santander UK Plc
Santander UK Bridle Road Bootle
Merseyside
L30 4GB

1 WFR Limited (Registered number: 10736475)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,832 28,020
Investments 5 750,000 750,000
Investment property 6 320,250 320,250
1,095,082 1,098,270

CURRENT ASSETS
Debtors 7 - 99
Cash at bank 2,393,634 2,201,507
2,393,634 2,201,606
CREDITORS
Amounts falling due within one year 8 134,421 152,577
NET CURRENT ASSETS 2,259,213 2,049,029
TOTAL ASSETS LESS CURRENT LIABILITIES 3,354,295 3,147,299

CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium 749,999 749,999
Retained earnings 2,604,196 2,397,200
SHAREHOLDERS' FUNDS 3,354,295 3,147,299

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.

1 WFR Limited (Registered number: 10736475)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





G Kirby - Director


1 WFR Limited (Registered number: 10736475)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

1 WFR 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

1 WFR Limited (Registered number: 10736475)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 6,482 47,990 18,922 73,394
Additions - - 5,240 5,240
Disposals - - (15,684 ) (15,684 )
At 30 April 2024 6,482 47,990 8,478 62,950
DEPRECIATION
At 1 May 2023 5,507 23,245 16,622 45,374
Charge for year 328 6,186 1,914 8,428
Eliminated on disposal - - (15,684 ) (15,684 )
At 30 April 2024 5,835 29,431 2,852 38,118
NET BOOK VALUE
At 30 April 2024 647 18,559 5,626 24,832
At 30 April 2023 975 24,745 2,300 28,020

1 WFR Limited (Registered number: 10736475)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 750,000
NET BOOK VALUE
At 30 April 2024 750,000
At 30 April 2023 750,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 320,250
NET BOOK VALUE
At 30 April 2024 320,250
At 30 April 2023 320,250

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2019 320,250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 99

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 129,387 147,520
Other creditors 5,034 5,057
134,421 152,577

1 WFR Limited (Registered number: 10736475)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary A £1 90 90
10 Ordinary B £1 10 10
100 100