2023-01-012023-12-3131 December 2023Wallis Properties (Management) Limited11710325falseShirley Eden3 September 20243 September 2024The principal activity of the company continued to be Management Real Estate.1 Feltham CloseWellsBA5 2GH22Ajaccts Software3.1.0 beta11710325bus:FullAccounts2023-01-012023-12-3111710325bus:FRS1022023-01-012023-12-3111710325bus:PrivateLimitedCompanyLtd2023-01-012023-12-3111710325bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3111710325core:PlantMachinery2022-12-3111710325core:InvestmentPropertyIncludedWithinPPE2022-12-3111710325core:LandBuildings2022-12-3111710325core:FurnitureFittingsToolsEquipment2022-12-3111710325core:Vehicles2022-12-3111710325core:ComputerEquipment2022-12-3111710325core:PlantMachinery2023-12-3111710325core:InvestmentPropertyIncludedWithinPPE2023-12-3111710325core:LandBuildings2023-12-3111710325core:FurnitureFittingsToolsEquipment2023-12-3111710325core:Vehicles2023-12-3111710325core:ComputerEquipment2023-12-31117103252022-01-0111710325core:DevelopmentCostsPatentsSimilar2023-01-012023-12-3111710325core:DevelopmentCostsPatentsSimilar2023-12-3111710325core:DevelopmentCostsPatentsSimilar2022-12-3111710325core:DividendsProposed2023-01-012023-12-3111710325core:DividendsProposed2022-01-012022-12-3111710325core:LandBuildings2022-01-012022-12-3111710325core:PlantMachinery2022-01-012022-12-3111710325core:FurnitureFittingsToolsEquipment2022-01-012022-12-3111710325core:Vehicles2022-01-012022-12-3111710325core:ComputerEquipment2022-01-012022-12-3111710325core:InvestmentPropertyIncludedWithinPPE2023-01-012023-12-3111710325core:LandBuildings2023-01-012023-12-3111710325core:PlantMachinery2023-01-012023-12-3111710325core:FurnitureFittingsToolsEquipment2023-01-012023-12-3111710325core:Vehicles2023-01-012023-12-3111710325core:ComputerEquipment2023-01-012023-12-3111710325core:ComputerEquipment2022-01-0111710325core:ComputerEquipment2023-01-01117103252022-12-3111710325bus:Consolidated2022-12-31117103252023-12-3111710325bus:Consolidated2023-12-31117103252022-01-012022-12-3111710325bus:Consolidated2022-01-012022-12-31117103252023-01-012023-12-3111710325bus:Consolidated2023-01-012023-12-3111710325bus:CompanySecretaryDirector12023-01-012023-12-3111710325bus:Director12023-01-012023-12-3111710325bus:Director22023-01-012023-12-3111710325bus:Director32023-01-012023-12-3111710325bus:Director42023-01-012023-12-3111710325bus:Director52023-01-012023-12-3111710325bus:Director62023-01-012023-12-3111710325bus:Director72023-01-012023-12-3111710325bus:Director82023-01-012023-12-3111710325bus:Director92023-01-012023-12-3111710325bus:Director102023-01-012023-12-3111710325bus:Director112023-01-012023-12-3111710325bus:Director122023-01-012023-12-3111710325bus:Director132023-01-012023-12-3111710325bus:Director142023-01-012023-12-3111710325bus:Director152023-01-012023-12-3111710325bus:Director162023-01-012023-12-3111710325bus:Director172023-01-012023-12-3111710325bus:Director182023-01-012023-12-3111710325bus:Director192023-01-012023-12-3111710325bus:Director202023-01-012023-12-31117103252023-01-012023-12-3111710325bus:CompanySecretaryDirector12023-12-3111710325bus:Director12023-12-3111710325bus:Director22023-12-3111710325bus:CompanySecretaryDirector12023-01-012023-12-3111710325bus:Director12023-01-012023-12-3111710325bus:Director22023-01-012023-12-31117103252023-01-012023-12-3111710325bus:CompanySecretaryDirector12022-12-3111710325bus:Director12022-12-3111710325bus:Director22022-12-3111710325bus:EntityAccountantsOrAuditors2023-01-012023-12-3111710325bus:EntityAccountantsOrAuditors2023-01-012023-12-3111710325bus:EntityAccountantsOrAuditors2023-12-3111710325bus:RegisteredOffice2023-01-012023-12-3111710325bus:EntityBankers2023-01-012023-12-3111710325bus:EntityLawyersOrLegalAdvisers2023-01-012023-12-31xbrli:pureiso4217:GBPxbrli:shares
Filleted Unaudited Accounts for Wallis Properties (Management) Limited
Company Information and Financial Statements

For the Financial Year ended 31 December 2023

Company Information

Directors
Shirley Eden
Victoria Macdonald
Wallis Properties (Management) Limited is a Limited Company incorporated in the United Kingdom and registered in England and Wales.
Registered Office Address
Wallis Properties (Management) Limited
1 Feltham Close
Wells
BA5 2GH
Registered Number
11710325
Filleted Unaudited Financial Statements
Statement of Financial Position
at 31 December 2023
20232022
££
Fixed Assets
Intangible assets--
Tangible assets5--
Investments--
--
Current assets
Stocks--
Debtors-50
Cash at bank and in hand6,5305,094
Other--
6,5305,144
Creditors: amounts falling due within one year4(1,296)(1,898)
Net current assets5,2343,246
Total assets less current liabilities5,2343,246
Creditors: amounts falling due after more than one year(-)(-)
Deferred tax liability(-)(-)
Other Provisions for Liabilities(-)(-)
Net Assets5,2343,246
Capital and Reserves
Called up Share Capital622
Share Premium--
Profit and Loss account5,2323,244
Total Equity5,2343,246
Statement of Accordance with Small Companies regime, and Audit not required
The directors confirm that financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The directors confirm that the Company is 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 of its accounts for the year in question in accordance with section 476. No audit has been obtained
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The income statement and directors report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.
Other Footnotes
None
Signature of Statement of Financial Position
Signed by
DirectorShirley Eden
Approved by the board, 3 September 2024
Notes to the financial statements
at 31 December 2023
1. General Information
Wallis Properties (Management) Limited is a Limited company incorporated in the United Kingdom and registered in England and Wales.
Registered Office Address:
Wallis Properties (Management) Limited
1 Feltham Close
Wells
BA5 2GH
2. Basis of Preparation and Policies
The financial statements are prepared under the historical cost convention and in accordance with FRS 102 section 1A, the Financial Reporting Standard applicable in the UK and Republic of Ireland applicable to Smaller Entities.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Statement of Cash flows
Exempt from cash flow statement requirement : true
Accounting Policies
Turnover
Turnover represents revenue earned during the period, net of Value Added Tax.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery -- over a period of between 2 and 5 years straight line
Computer equipment -- over a period of 3 years straight line
Motor vehicles -- over a period of between 2 and 5 years straight line
The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.
Other
3. Analysis of Debtors
Short term debtors : Trade Debtors
20232022
££
-50
Short term debtors : Prepayments
20232022
££
--
Short term debtors : Others
20232022
££
--
4. Analysis of Creditors
Short term creditors : Trade Creditors
20232022
££
--
Short term creditors : Accruals
20232022
££
500500
Short term creditors : Bank Overdraft
20232022
££
--
Short term creditors : Other Loan/HP
20232022
££
--
Short term creditors : Corporation Tax
20232022
££
796805
Short term creditors : VAT/Social Security
20232022
££
--
Short term creditors : Dividends
20232022
££
--
Short term creditors : Others
20232022
££
--
Short term creditors : Directors Loans
20232022
££
-593
Group Undertakings
20232022
££
--
Long term creditors (incl. Directors Loans)
20232022
££
--
5. Tangible fixed assets
Land/BuildingsPlant MachineryFixts, Fittings, EquipmentComputer EquipmentVehiclesTotal
££££££
Cost
At 31 December 2022000000
Additions000000
Disposals(0)(0)(0)(0)(0)(0)
Revaluations000000
At 31 December 2023000000
Depreciation
At 31 December 2022000000
Charge for the year000000
Eliminated this year(0)(0)(0)(0)(0)(0)
At 31 December 2023000000
Net book value
At 31 December 202200000-
At 31 December 202300000-
6. Share Capital
Allotted, called up and fully paid
20232022
No£No£
Ordinary2222
Total2222
7. Ultimate Controlling Party
The ultimate controlling party is the Director(s)
8. Related Party Transactions
None
9. Other Notes
The average number of employees in the year was 2 (Previous: 2)
End of Notes to Financial Statements