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REGISTERED NUMBER: 01553138 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WAYSEAL SECURITIES LIMITED

WAYSEAL SECURITIES LIMITED (REGISTERED NUMBER: 01553138)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WAYSEAL SECURITIES LIMITED

COMPANY INFORMATION
for the year ended 31 DECEMBER 2023







DIRECTORS: D E M Thomas
C M L Perring





SECRETARY: C M L Perring





REGISTERED OFFICE: Lancaster House
Barrack Lane
Windsor
Berks
SL4 1HD





REGISTERED NUMBER: 01553138 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

WAYSEAL SECURITIES LIMITED (REGISTERED NUMBER: 01553138)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 246,544 269,746

CURRENT ASSETS
Debtors 5 90,853 68,028

CREDITORS
Amounts falling due within one year 6 2,000 2,000
NET CURRENT ASSETS 88,853 66,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,397

335,774

PROVISIONS FOR LIABILITIES 7 5,976 7,220
NET ASSETS 329,421 328,554

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 329,419 328,552
SHAREHOLDERS' FUNDS 329,421 328,554

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.

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 14 August 2024 and were signed on its behalf by:





C M L Perring - Director


WAYSEAL SECURITIES LIMITED (REGISTERED NUMBER: 01553138)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Wayseal Securities 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 269,746
Additions 19,616
Disposals (33,007 )
Revaluations (9,811 )
At 31 December 2023 246,544
NET BOOK VALUE
At 31 December 2023 246,544
At 31 December 2022 269,746

If fixed asset investments had not been revalued to fair value they would have been included at historical cost of £215,091. The investments were valued at 29/12/2023 by Quilter Cheviot.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 60,240 50,859
Other debtors 30,613 17,169
90,853 68,028

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Accrued expenses 2,000 2,000

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 5,976 7,220

WAYSEAL SECURITIES LIMITED (REGISTERED NUMBER: 01553138)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 7,220
Credit to Income Statement during year (1,244 )
Balance at 31 December 2023 5,976

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 January 2023 328,552
Profit for the year 867
At 31 December 2023 329,419

The above retained earnings contain non-distributable reserves of £25,477 made up as follows:

£
Revaluation of investments to fair value31,453
Deferred tax on revaluation of investments to fair value(5,976)
25,477

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Wayseal Investments Limited registered in England, of which the ultimate controlling party is D E M Thomas.

Wayseal Investments Limited is also the immediate parent company, within the group, which will draw up consolidated financial statements.