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Registered number: 14601366
Warren Rd Ltd
Unaudited Financial Statements
For the Period 18 January 2023 to 31 March 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14601366
31 March 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 760,000
760,000
CURRENT ASSETS
Debtors 5 211,819
Cash at bank and in hand 4,043
215,862
Creditors: Amounts Falling Due Within One Year 6 (226,735 )
NET CURRENT ASSETS (LIABILITIES) (10,873 )
TOTAL ASSETS LESS CURRENT LIABILITIES 749,127
Creditors: Amounts Falling Due After More Than One Year 7 (533,461 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (61,614 )
NET ASSETS 154,052
CAPITAL AND RESERVES
Called up share capital 8 1,000
Revaluation reserve 9 184,421
Profit and Loss Account (31,369 )
SHAREHOLDERS' FUNDS 154,052
Page 1
Page 2
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mark Pow
Director
14 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Warren Rd Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14601366 . The registered office is 5-7 Station Road, Longfield, Kent, DA3 7QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Rental income is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Rental income includes revenue earned from the sale of goods and from the rendering of services. Rental income is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
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4. Investment Property
31 March 2024
£
Fair Value
As at 18 January 2023 -
Additions 514,106
Revaluations 245,894
As at 31 March 2024 760,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 March 2024
£
Cost 515,106
Accumulated depreciation and impairment 10,282
Carrying amount 504,824
5. Debtors
31 March 2024
£
Due within one year
Other debtors 211,819
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Trade creditors 378
Other creditors 226,357
226,735
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Loans 533,461
8. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 1,000
Page 4
Page 5
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 184,421
As at 31 March 2024 184,421
Page 5