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Registered number: 02988336

Welbourne Properties Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
CP Accountancy
21 Shirewell Road
Orrell
Wigan
Lancashire
WN5 8SP

Welbourne Properties Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
Mr Anthony Slater
Mrs Janice Slater
REGISTERED OFFICE
38 Sycamore Drive
Winstanley
Wigan
Lancashire
WN3 6DG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02988336
BANKERS
Barclays Bank
ACCOUNTANTS
CP Accountancy
21 Shirewell Road
Orrell
Wigan
Lancashire
WN5 8SP

Welbourne Properties Ltd

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Welbourne Properties Ltd

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3186,733186,606
CURRENT ASSETS
Debtors5-82
Cash at bank and in hand631542
631624
CREDITORS: Amounts falling due within one year693900
NET CURRENT ASSETS / (LIABILITIES)538(276)
TOTAL ASSETS LESS CURRENT LIABILITIES187,271186,330
CREDITORS: Amounts falling due after more than one year7177,205176,382
NET ASSETS10,0669,948
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account10,0649,946
SHAREHOLDERS' FUNDS10,0669,948
For the year ending 30/11/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/08/2024 and signed on their behalf by
.............................
Mr Anthony Slater
Director

Welbourne Properties Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. EMPLOYEES
20232022
No.No.
Average number of employees22

Welbourne Properties Ltd

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
Additions170170
At 30/11/2023170170
Depreciation
For the year4343
At 30/11/20234343
Net Book Amounts
At 30/11/2023127127
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/12/2022186,606186,606
At 30/11/2023186,606186,606
5. DEBTORS 20232022
££
Amounts falling due within one year
Other debtors-82
-82
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Other tax6360
Trade creditors30-
Accruals-840
93900

Welbourne Properties Ltd

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Other creditors > 1yr177,205176,382
177,205176,382
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Class 1 shares of £1 each22
22
9. CONTROLLING PARTY
The company is controlled by both A. Slater and J.Slater, who together hold 100% issued share capital in the company.
10. RELATED PARTY TRANSACTIONS
Included in creditors is an amount of £177,205 (2022: £176,382), which relates to an interest free loan provided by key members of management personnel