Registered number
11394544
WHITCHURCH PROPERTY INVESTMENTS LIMITED
Filleted Accounts
30 June 2024
WHITCHURCH PROPERTY INVESTMENTS LIMITED
Registered number: 11394544
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Other Investment 3 670,000 670,000
Current assets
Securities held as current assets 4 191,464 191,464
Cash at bank and in hand 287,090 223,047
478,554 414,511
Creditors: amounts falling due within one year 5 (42,037) (29,888)
Net current assets 436,517 384,623
Net assets 1,106,517 1,054,623
Capital and reserves
Called up share capital 950,000 950,000
Profit and loss account 156,517 104,623
Shareholder's funds 1,106,517 1,054,623
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.
Snehal Patel
Director
Approved by the board on 6 September 2024
WHITCHURCH PROPERTY INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
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 (as applied to small entities by section 1A of the standard).
Rental income
Rental income represents rent receivable, excluding value-added tax.
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:
Plant and machinery 25% straight line
Investment property
Investment properties are included at fair values. Any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investment
Property
investments
£
Fair value
At 1 July 2023 670,000
At 30 June 2024 670,000
Above fair value was estimated by company directors at 30 June 2024
4 Investments held as current assets 2024 2023
£ £
Listed investments 191,464 191,464
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 17,487 17,437
Other taxes and social security costs 14,463 10,560
Directors and family loans 10,087 1,891
42,037 29,888
6 Other information
WHITCHURCH PROPERTY INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
324 Whitchurch Lane
Edgware
Middlesex
HA8 6QX
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