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REGISTERED NUMBER: 04011983 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

W Eves & Co (Service Stations) Limited

W Eves & Co (Service Stations) Limited (Registered number: 04011983)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W Eves & Co (Service Stations) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs K Woodwards
Mrs A Bannister





REGISTERED OFFICE: 8 Northumberland Square
North Shields
Tyne and Wear
NE30 1QQ





REGISTERED NUMBER: 04011983 (England and Wales)





ACCOUNTANTS: Wasley Chapman LLP
Chartered Accountants
5 Bobbies Bank
Whitby
North Yorkshire
YO21 1EF

W Eves & Co (Service Stations) Limited (Registered number: 04011983)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 638,123
Investment property 5 5,120,100 5,120,100
5,120,100 5,758,223

CURRENT ASSETS
Debtors 6 6,627 32,994
Cash at bank 2,846,121 2,335,263
2,852,748 2,368,257
CREDITORS
Amounts falling due within one year 7 479,526 865,959
NET CURRENT ASSETS 2,373,222 1,502,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,493,322

7,260,521

CAPITAL AND RESERVES
Called up share capital 2,050 2,050
Share premium 2,039,932 2,039,932
Revaluation reserve 8 3,054,316 3,223,999
Retained earnings 2,397,024 1,994,540
SHAREHOLDERS' FUNDS 7,493,322 7,260,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

W Eves & Co (Service Stations) Limited (Registered number: 04011983)

Balance Sheet - continued
31 December 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





Mrs K Woodwards - Director


W Eves & Co (Service Stations) Limited (Registered number: 04011983)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

W Eves & Co (Service Stations) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

W Eves & Co (Service Stations) Limited (Registered number: 04011983)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2023 872,514
Disposals (872,514 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 234,391
Charge for year 11,634
Eliminated on disposal (246,025 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 638,123

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 5,120,100
NET BOOK VALUE
At 31 December 2023 5,120,100
At 31 December 2022 5,120,100

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 5,689,000
Valuation in 2022 (568,900 )
5,120,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 79 79
Other debtors 6,548 32,915
6,627 32,994

W Eves & Co (Service Stations) Limited (Registered number: 04011983)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,040 1,942
Taxation and social security 93,848 480,038
Other creditors 379,638 383,979
479,526 865,959

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023 3,223,999
Revaluation Reserve (169,683 )

At 31 December 2023 3,054,316