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REGISTERED NUMBER: 12383530 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

31 Worcester Road Limited

31 Worcester Road Limited (Registered number: 12383530)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


31 Worcester Road Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R L Simmonds





REGISTERED OFFICE: 48 Belle Vue Terrace
Malvern
Worcestershire
WR14 4QG





REGISTERED NUMBER: 12383530 (England and Wales)





ACCOUNTANTS: Charles Hinitt & Associates Limited
Chartered Certified Accountants
48 Belle Vue Terrace
Malvern
Worcestershire
WR14 4QG

31 Worcester Road Limited (Registered number: 12383530)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,337,338 9,883,040

CURRENT ASSETS
Debtors 794,494 574,284
Cash at bank 41,267 51,403
835,761 625,687
CREDITORS
Amounts falling due within one year 3,670,644 2,459,401
NET CURRENT LIABILITIES (2,834,883 ) (1,833,714 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,502,455

8,049,326

CREDITORS
Amounts falling due after more than one
year

5

(7,414,913

)

(5,278,000

)

PROVISIONS FOR LIABILITIES (715,000 ) (620,000 )
NET ASSETS 2,372,542 2,151,326

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 7 3,942,806 3,442,806
Retained earnings (1,570,265 ) (1,291,481 )
2,372,542 2,151,326

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 director acknowledges his 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.

31 Worcester Road Limited (Registered number: 12383530)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 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 by the director and authorised for issue on 24 September 2024 and were signed by:





R L Simmonds - Director


31 Worcester Road Limited (Registered number: 12383530)

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

1. STATUTORY INFORMATION

31 Worcester Road 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

Investment property
Depreciation is not provided on investment property where regular revaluations are undertaken and accounted for. Revaluations are recognised in the relevant year through the trading profit & loss account and transferred to the revaluation reserve in the balance sheet.

31 Worcester Road Limited (Registered number: 12383530)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2023 9,890,850
Additions 2,960,932
Revaluations 500,000
At 31 December 2023 13,351,782
DEPRECIATION
At 1 January 2023 7,810
Charge for year 6,634
At 31 December 2023 14,444
NET BOOK VALUE
At 31 December 2023 13,337,338
At 31 December 2022 9,883,040

Cost or valuation at 31 December 2023 is represented by:

Totals
£   
Valuation in 2021 1,668,000
Valuation in 2022 1,774,806
Valuation in 2023 500,000
Cost 9,408,976
13,351,782

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.23 31.12.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 7,414,913 5,278,000

6. SECURED DEBTS

The loan from Cynergy Bank Limited is secured by various individual charges over all of the assets and undertakings of the company.

31 Worcester Road Limited (Registered number: 12383530)

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

7. RESERVES
Fair
value
reserve
£   
At 1 January 2023 3,442,806
Fair value reserve 500,000

At 31 December 2023 3,942,806