Registered number
04367583
Wonderview Properties Limited
Filleted Accounts
29 February 2024
Wonderview Properties Limited
Registered number: 04367583
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 630,816 741,322
Current assets
Debtors 4 1,120 796
Cash at bank and in hand 398,231 140,549
399,351 141,345
Creditors: amounts falling due within one year 5 (207,293) (171,895)
Net current assets/(liabilities) 192,058 (30,550)
Total assets less current liabilities 822,874 710,772
Creditors: amounts falling due after more than one year 6 (550,000) (550,000)
Net assets 272,874 160,772
Capital and reserves
Called up share capital 100 100
Profit and loss account 272,774 160,672
Shareholders' funds 272,874 160,772
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M K Wai
Director
Approved by the board on 19 August 2024
Wonderview Properties Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rental income receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided to write off the cost of furniture and fittings in the year of acquisitions.
No depreciation has been provided in respect of investment properties. The director considers that the lives and residual values of the properties, based on current valuations, are such that any charge to the profit and loss account would be insignificant.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Furniture and fittings Total
£ £ £
Cost
At 1 March 2023 741,321 4,028 745,349
Disposals (110,506) - (110,506)
At 29 February 2024 630,815 4,028 634,843
Depreciation
At 1 March 2023 - 4,027 4,027
At 29 February 2024 - 4,027 4,027
Net book value
At 29 February 2024 630,815 1 630,816
At 28 February 2023 741,321 1 741,322
4 Debtors 2024 2023
£ £
Other debtors 1,120 796
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 24,773 3,790
Other creditors 182,520 168,105
207,293 171,895
6 Creditors: amounts falling due after one year 2024 2023
£ £
Loans from participators 550,000 550,000
7 Other information
Wonderview Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
454 Ewell Road
Surbiton
Surrey
KT6 7EL
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