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REGISTERED NUMBER: 11157632 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

WITTON RESIDENTIAL LIMITED

WITTON RESIDENTIAL LIMITED (REGISTERED NUMBER: 11157632)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 6

WITTON RESIDENTIAL LIMITED

Company Information
for the Year Ended 31 March 2024







Directors: C Hall
G S Hall





Secretary: G S Hall





Registered office: 1A School Street
Witton-le-Wear
Bishop Auckland
Co. Durham
DL14 0AS





Registered number: 11157632 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

WITTON RESIDENTIAL LIMITED (REGISTERED NUMBER: 11157632)

Abridged Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Investment property 4 1,346,564 1,206,676

Current assets
Debtors 6,572 5,273
Cash at bank and in hand 11,875 27,288
18,447 32,561
Creditors
Amounts falling due within one year 136,620 28,357
Net current (liabilities)/assets (118,173 ) 4,204
Total assets less current liabilities 1,228,391 1,210,880

Provisions for liabilities 19,570 19,570
Net assets 1,208,821 1,191,310

Capital and reserves
Called up share capital 200 200
Share premium 1,102,000 1,102,000
Revaluation reserve 5 83,430 83,430
Retained earnings 23,191 5,680
1,208,821 1,191,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

WITTON RESIDENTIAL LIMITED (REGISTERED NUMBER: 11157632)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 August 2024 and were signed on its behalf by:





G S Hall - Director


WITTON RESIDENTIAL LIMITED (REGISTERED NUMBER: 11157632)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Witton Residential 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.

The financial statements have been prepared under the going concern basis of accounting.

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

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.

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 (2023 - 2 ) .

4. INVESTMENT PROPERTY

The investment property is stated at open market value as per the valuation of G S Hall and Mrs C Hall, the directors.

WITTON RESIDENTIAL LIMITED (REGISTERED NUMBER: 11157632)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 18,000
Valuation in 2023 85,000
Cost 1,243,564
1,346,564

5. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 83,430

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
G S Hall and C Hall
Balance outstanding at start of year - -
Amounts advanced 16,072 -
Amounts repaid (16,072 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above loans are interest free and repayable on demand.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Witton Residential Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Witton Residential Limited for the year ended 31 March 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Witton Residential Limited, as a body, in accordance with the terms of our engagement letter dated 24 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Witton Residential Limited and state those matters that we have agreed to state to the Board of Directors of Witton Residential Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Witton Residential Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Witton Residential Limited. You consider that Witton Residential Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Witton Residential Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


9 August 2024