1 January 2023 v2024.42.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP069448172023-01-012023-12-31069448172023-12-31069448172022-12-3106944817core:WithinOneYear2023-12-3106944817core:WithinOneYear2022-12-3106944817core:ShareCapital2023-12-3106944817core:ShareCapital2022-12-3106944817core:RetainedEarningsAccumulatedLosses2023-12-3106944817core:RetainedEarningsAccumulatedLosses2022-12-3106944817bus:Director12023-01-012023-12-3106944817bus:RegisteredOffice2023-01-012023-12-31069448172022-01-012022-12-3106944817core:LandBuildings2023-12-3106944817core:LandBuildings2022-12-3106944817core:CostValuation2023-01-0106944817core:AdditionsToInvestments2023-12-3106944817core:DisposalsRepaymentsInvestments2023-12-3106944817core:CostValuation2023-12-310694481712023-01-012023-12-3106944817countries:EnglandWales2023-01-012023-12-3106944817bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3106944817bus:PrivateLimitedCompanyLtd2023-01-012023-12-3106944817bus:SmallEntities2023-01-012023-12-3106944817bus:FullAccounts2023-01-012023-12-3106944817bus:CompanySecretary12023-01-012023-12-31
Company registration number:
06944817
Walton Holdings (UK) Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Walton Holdings (UK) Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
1,015,341
 
1,015,341
 
Investments 6
627,346
 
637,335
 
1,642,687
 
1,652,676
 
Current assets    
Debtors 7
1,556
 
2,764
 
Cash at bank and in hand
189,177
 
591,007
 
190,733
 
593,771
 
Creditors: amounts falling due within one year 8
(100,716
)
(502,041
)
Net current assets
90,017
 
91,730
 
Total assets less current liabilities 1,732,704   1,744,406  
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
1,732,703
 
1,744,405
 
Shareholders funds
1,732,704
 
1,744,406
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
14 September 2024
, and are signed on behalf of the board by:
T Walton
Director
Company registration number:
06944817
Walton Holdings (UK) Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
51 Tweedy Road
,
Bromley
,
Kent
,
BR1 3NH
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2.00
).

5 Tangible assets

Land and buildings
£
Cost  
At
1 January 2023
and
31 December 2023
1,015,341
 
Depreciation  
At
1 January 2023
and
31 December 2023
-  
Carrying amount  
At
31 December 2023
1,015,341
 
At 31 December 2022
1,015,341
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2023
£
Carrying value at
1 January 2023
and
31 December 2023
1,015,341
 

6 Investments

Shares in group undertakings and participating interestsLoans to group undertakings and participating interestsOther investmentsTotal
££££
Cost        
At
1 January 2023
2
 
637,333
  -  
637,335
 
Additions -   -  
7,844
 
7,844
 
Disposals -  
(17,833
) -  
(17,833
)
At
31 December 2023
2
 
619,500
 
7,844
 
627,346
 
Impairment        
At
1 January 2023
and
31 December 2023
-   -   -   -  
Carrying amount        
At
31 December 2023
2
 
619,500
 
7,844
 
627,346
 
At 31 December 2022
2
 
637,333
  -  
637,335
 

Investments held at valuation

In respect of fixed asset investments held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
20232022
Shares in group undertakings and participating interestsLoans to group undertakings and participating interestsShares in group undertakings and participating interestsLoans to group undertakings and participating interests
££££
Aggregate historical cost 2   619,500   2   627,706  
Carrying amount 2   619,500   2   627,706  

7 Debtors

20232022
££
Other debtors
1,556
 
2,764
 

8 Creditors: amounts falling due within one year

20232022
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
288
  -  
Taxation and social security
4,208
  -  
Other creditors
96,220
 
502,041
 
100,716
 
502,041