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REGISTERED NUMBER: 13413934 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

WALRUS INVESTMENTS LIMITED

WALRUS INVESTMENTS LIMITED (REGISTERED NUMBER: 13413934)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


WALRUS INVESTMENTS LIMITED (REGISTERED NUMBER: 13413934)

BALANCE SHEET
31ST JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 329,650 229,797

CURRENT ASSETS
Debtors 5 383 469
Cash at bank 11,054 5,402
11,437 5,871
CREDITORS
Amounts falling due within one year 6 139,037 79,924
NET CURRENT LIABILITIES (127,600 ) (74,053 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,050

155,744

CREDITORS
Amounts falling due after more than one
year

7

(185,141

)

(155,161

)

PROVISIONS FOR LIABILITIES (3,082 ) -
NET ASSETS 13,827 583

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,727 483
13,827 583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

WALRUS INVESTMENTS LIMITED (REGISTERED NUMBER: 13413934)

BALANCE SHEET - continued
31ST JANUARY 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st October 2024 and were signed by:





Mr F E Kelly - Director


WALRUS INVESTMENTS LIMITED (REGISTERED NUMBER: 13413934)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Walrus Investments Limited 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: 13413934

Registered office: Gables House
62 Kenilworth Road
Leamington Spa
Warwickshire
CV32 6JX

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.

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

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 Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

WALRUS INVESTMENTS LIMITED (REGISTERED NUMBER: 13413934)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023 229,797
Additions 87,525
Revaluations 12,328
At 31st January 2024 329,650
NET BOOK VALUE
At 31st January 2024 329,650
At 31st January 2023 229,797

Fair value at 31st January 2024 is represented by:
£   
Valuation in 2024 12,328
Cost 317,322
329,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 383 469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 1,135 412
Taxation and social security 1,086 149
Other creditors 136,816 79,363
139,037 79,924

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 185,141 155,161

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 185,141 155,161

The bank loan included above is secured by legal charges over the investment properties owned by the Company.