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REGISTERED NUMBER: 13035158 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

WAYLON PROPERTY SERVICES LIMITED

WAYLON PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 13035158)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


WAYLON PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr W Gasson





REGISTERED OFFICE: 584 Wellsway
Bath
Somerset
BA2 2UE





REGISTERED NUMBER: 13035158 (England and Wales)





ACCOUNTANTS: JRS Accountants Limited
584 Wellsway
Bath
Somerset
BA2 2UE

WAYLON PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 13035158)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 NOVEMBER 2023


The director presents his report with the financial statements of the company for the year ended 30 November 2023.

DIRECTOR
Mr W Gasson held office during the whole of the period from 1 December 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr W Gasson - Director


30 August 2024

WAYLON PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 13035158)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 7,540 5,040
Investment property 5 572,943 300,000
580,483 305,040

CURRENT ASSETS
Debtors 6 601 -
Cash at bank 2,194 3,684
2,795 3,684
CREDITORS
Amounts falling due within one year 7 (134,090 ) (67,246 )
NET CURRENT LIABILITIES (131,295 ) (63,562 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,188

241,478

CREDITORS
Amounts falling due after more than one
year

8

(372,137

)

(158,340

)

PROVISIONS FOR LIABILITIES (17,733 ) (17,733 )
NET ASSETS 59,318 65,405

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 59,317 65,404
59,318 65,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WAYLON PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 13035158)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 director and authorised for issue on 30 August 2024 and were signed by:





Mr W Gasson - Director


WAYLON PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 13035158)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Waylon Property Services 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.

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 NIL (2022 - NIL).

WAYLON PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 13035158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 December 2022 5,040
Additions 2,500
At 30 November 2023 7,540
NET BOOK VALUE
At 30 November 2023 7,540
At 30 November 2022 5,040

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 300,000
Additions 272,943
At 30 November 2023 572,943
NET BOOK VALUE
At 30 November 2023 572,943
At 30 November 2022 300,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 572,943

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by joint ventures 22 -
Prepayments 579 -
601 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to associates 128,873 64,713
Tax - 373
Directors' loan accounts 2,817 -
Accruals and deferred income 2,400 2,160
134,090 67,246

WAYLON PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 13035158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yrs non-inst 372,137 158,340

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 372,137 158,340