Registered number
11702294
Watkinson Estate Ltd
Report and Accounts
31 December 2023
Watkinson Estate Ltd
Report to the director on the preparation of the unaudited statutory accounts of Watkinson Estate Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Watkinson Estate Ltd for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
13 September 2024
Watkinson Estate Ltd
Registered number: 11702294
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 134,561 134,663
Current assets
Cash at bank and in hand 2,837 1,794
Creditors: amounts falling due within one year 4 (21,571) (22,229)
Net current liabilities (18,734) (20,435)
Total assets less current liabilities 115,827 114,228
Creditors: amounts falling due after more than one year 5 (112,830) (112,830)
Net assets 2,997 1,398
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,996 1,397
Shareholder's funds 2,997 1,398
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
C S Watkinson
Director
Approved by the board on 13 September 2024
Watkinson Estate Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 0%
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 134,561 334 134,895
At 31 December 2023 134,561 334 134,895
Depreciation
At 1 January 2023 - 232 232
Charge for the year - 102 102
At 31 December 2023 - 334 334
Net book value
At 31 December 2023 134,561 - 134,561
At 31 December 2022 134,561 102 134,663
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 557 170
Other creditors 21,014 22,059
21,571 22,229
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 112,830 112,830
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 112,830 112,830
There is a charge with Paragon Bank PLC and The Mortage Works on the freehold property held.
7 Other information
Watkinson Estate Ltd is a private company limited by shares and incorporated in England. Its registered office is:
84 Glapton Lane
Nottingham
NG11 8DF
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