Registered number
12485099
Walpole Street Investments Limited
Filleted Accounts
31 March 2024
Walpole Street Investments Limited
Registered number: 12485099
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 279,892 272,846
Current assets
Debtors 4 2 2
Cash at bank and in hand 171,757 172,237
171,759 172,239
Creditors: amounts falling due within one year 5 (1,260) (1,200)
Net current assets 170,499 171,039
Total assets less current liabilities 450,391 443,885
Creditors: amounts falling due after more than one year 6 (477,068) (475,868)
Net liabilities (26,677) (31,983)
Capital and reserves
Called up share capital 2 2
Profit and loss account (26,679) (31,985)
Shareholders' funds (26,677) (31,983)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms B Scher
Director
Approved by the board on 14 August 2024
Walpole Street Investments Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 April 2023 272,846
Additions 3,835
Revaluation 3,211
At 31 March 2024 279,892
4 Debtors 2024 2023
£ £
Other debtors 2 2
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,260 1,200
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 477,068 475,868
7 Related party transactions
The Walpole Street Practice Limited is a 100% owned company by Mr Scher and Mrs Scher, shown as a creditor in the amount of £477,068 (2023: £475,868)
8 Other information
Walpole Street Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
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