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REGISTERED NUMBER: 10745272 (England and Wales)











WARD PROPERTY GROUP LTD

FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 30 NOVEMBER 2023






WARD PROPERTY GROUP LTD (REGISTERED NUMBER: 10745272)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 30 NOVEMBER 2023










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


WARD PROPERTY GROUP LTD (REGISTERED NUMBER: 10745272)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

2023 2023
Notes £    £   
CURRENT ASSETS
Debtors 26,900 26,336
Cash at bank 873 42
27,773 26,378
CREDITORS
Amounts falling due within one year 125,932 92,775
NET CURRENT LIABILITIES (98,159 ) (66,397 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(98,159

)

(66,397

)

ACCRUALS AND DEFERRED INCOME 2,832 1,608
NET LIABILITIES (100,991 ) (68,005 )

CAPITAL AND RESERVES
Called up share capital 5 10 10
Retained earnings (101,001 ) (68,015 )
SHAREHOLDERS' FUNDS (100,991 ) (68,005 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

WARD PROPERTY GROUP LTD (REGISTERED NUMBER: 10745272)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





C P Ward - Director


WARD PROPERTY GROUP LTD (REGISTERED NUMBER: 10745272)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Ward Property Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10745272

Registered office: 3 Weekley Wood Close
Kettering
Northamptonshire
NN14 1UQ

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.

The company changed its accounting reference date in the period to align with group undertakings, as a consequence the current period reporting is for an seven month period and will not be comparable to the prior financial year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

Taxation
Taxation for the period 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.


WARD PROPERTY GROUP LTD (REGISTERED NUMBER: 10745272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

Going concern basis
Having due regard to cash flow forecasts, the directors consider that based on their continued support, it is appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 November 2023 593
DEPRECIATION
At 1 May 2023
and 30 November 2023 593
NET BOOK VALUE
At 30 November 2023 -
At 30 April 2023 -

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2023
value: £    £   
10 Ordinary £1 10 10

WARD PROPERTY GROUP LTD (REGISTERED NUMBER: 10745272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 30 NOVEMBER 2023


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 November 2023 and the year ended 30 April 2023:

2023 2023
£    £   
C P Ward
Balance outstanding at start of period - 81,016
Amounts advanced 564 19,200
Amounts repaid - (100,216 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 564 -

Loans to directors are repayable on demand. Interest is charged at HMRC approved rates.