Frank Wainwright & Son Limited 00365317 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of property ownership and management. Digita Accounts Production Advanced 6.30.9574.0 true 00365317 2023-05-01 2024-04-30 00365317 2024-04-30 00365317 core:RetainedEarningsAccumulatedLosses 2024-04-30 00365317 core:ShareCapital 2024-04-30 00365317 core:SharePremium 2024-04-30 00365317 core:CurrentFinancialInstruments 2024-04-30 00365317 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 00365317 bus:SmallEntities 2023-05-01 2024-04-30 00365317 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 00365317 bus:FullAccounts 2023-05-01 2024-04-30 00365317 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 00365317 bus:RegisteredOffice 2023-05-01 2024-04-30 00365317 bus:Director1 2023-05-01 2024-04-30 00365317 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00365317 countries:EnglandWales 2023-05-01 2024-04-30 00365317 2023-04-30 00365317 2022-05-01 2023-04-30 00365317 2023-04-30 00365317 core:RetainedEarningsAccumulatedLosses 2023-04-30 00365317 core:ShareCapital 2023-04-30 00365317 core:SharePremium 2023-04-30 00365317 core:CurrentFinancialInstruments 2023-04-30 00365317 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 00365317

Frank Wainwright & Son Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Frank Wainwright & Son Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Frank Wainwright & Son Limited

(Registration number: 00365317)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

1,215,399

1,215,399

Current assets

 

Debtors

5

617,337

723,072

Cash at bank and in hand

 

103,765

39,920

 

721,102

762,992

Creditors: Amounts falling due within one year

6

(62,573)

(61,384)

Net current assets

 

658,529

701,608

Net assets

 

1,873,928

1,917,007

Capital and reserves

 

Called up share capital

480

480

Share premium reserve

202

202

Retained earnings

1,873,246

1,916,325

Shareholders' funds

 

1,873,928

1,917,007

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 August 2024
 

.........................................
Mr A C Patel
Director

 

Frank Wainwright & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
62 Poole Road
Westbourne
Bournemouth
Dorset
BH4 9DZ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises of rents receivable.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Frank Wainwright & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

4

Investment properties

2024
£

At 1 May 2021

1,215,399

At 30 April 2022

1,215,399

Investments properties are stated at cost. The directors reviewed the valuations on an open market basis and do not consider that revaluations are required at the balance sheet date.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

2023
£

Other debtors

617,337

723,072

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

23,057

19,541

Other creditors

39,516

41,843

62,573

61,384