Company Registration No. 06782781 (England and Wales)
WALTHAM ESTATES LIMITED
Unaudited accounts
for the year ended 29 November 2023
WALTHAM ESTATES LIMITED
Unaudited accounts
Contents
WALTHAM ESTATES LIMITED
Company Information
for the year ended 29 November 2023
Company Number
06782781 (England and Wales)
Registered Office
232 HOE STREET
LONDON
E17 3AY
ENGLAND
Accountants
Gm Professional Accountants
14 Clements Court
Clements Lane
Ilford
Essex
IG1 2QY
WALTHAM ESTATES LIMITED
Statement of financial position
as at 29 November 2023
Intangible assets
43,787
58,383
Tangible assets
1,258
1,677
Cash at bank and in hand
342,595
307,782
Creditors: amounts falling due within one year
(442,053)
(391,114)
Net current assets
725,036
632,168
Total assets less current liabilities
770,081
692,228
Creditors: amounts falling due after more than one year
(32,867)
(38,300)
Provisions for liabilities
Net assets
736,975
652,881
Called up share capital
100
100
Profit and loss account
736,875
652,781
Shareholders' funds
736,975
652,881
For the year ending 29 November 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 August 2024 and were signed on its behalf by
Adnan KARIM
Director
Company Registration No. 06782781
WALTHAM ESTATES LIMITED
Notes to the Accounts
for the year ended 29 November 2023
WALTHAM ESTATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06782781. The registered office is 232 HOE STREET, LONDON, E17 3AY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Computer equipment - 25% on reducing balance
Deferred tax is recognised in respect of all timing differences that have originated but not reversedat thebalance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods differentfrom those in which they are recognised in financial statements. Deferred tax is measured using tax rates andlaws that have been enacted or substantively enacted by the year end and that are expected to applyto thereversal 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.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Rentals paid under operating leases are charged to the profit and loss account as incurred
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.
Revenue is measured at the fair value of the consideration received or receivable and represents the amountreceivable for services supplied in respect of letting of properties, net of returns, discounts and value addedtaxes.
Revenue is recognised in the accounting period in which the services were rendered.
WALTHAM ESTATES LIMITED
Notes to the Accounts
for the year ended 29 November 2023
Government grants are accounted for on a receivable basis.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The lifespan is spread across five years
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Intangible fixed assets
Other
At 30 November 2022
72,979
At 29 November 2023
72,979
At 30 November 2022
14,596
Charge for the year
14,596
At 29 November 2023
29,192
At 29 November 2023
43,787
At 29 November 2022
58,383
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Tangible fixed assets
Computer equipment
At 30 November 2022
22,606
At 29 November 2023
22,606
At 30 November 2022
20,929
At 29 November 2023
21,348
Amounts falling due within one year
Trade debtors
229,202
214,737
Amounts due from group undertakings etc.
589,875
495,971
Accrued income and prepayments
5,417
4,792
WALTHAM ESTATES LIMITED
Notes to the Accounts
for the year ended 29 November 2023
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,490
6,490
Trade creditors
2,576
1,814
Taxes and social security
86,873
56,939
Other creditors
137,678
221,187
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Creditors: amounts falling due after more than one year
2023
2022
9
Deferred taxation
2023
2022
Accelerated capital allowances
239
1,047
Provision at start of year
1,047
245
(Credited)/charged to the profit and loss account
(808)
802
Provision at end of year
239
1,047
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Transactions with related parties
The company is owed £589,875 (2022: £495,970) from companies with a director in common. These loans are interest free and repayable on demand.
The company owes £22,800 (2022: £36,850) to the parent company. This loan is interest free and payable on
The ultimate controlling party is Waltham Estates Group Limited.
The company is a wholly owned subsidiary of Waltham Estates Group Limited, whose Registered Officeis thesame as the Company's Registered Office.
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Average number of employees
During the year the average number of employees was 7 (2022: 7).