2023-03-012024-02-282024-02-28false11852513W12 PROPERTIES 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W12 PROPERTIES LIMITED

Registered Number
11852513
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2024

W12 PROPERTIES LIMITED
Company Information
for the period from 1 March 2023 to 28 February 2024

Directors

B A Excell
J A Guest

Registered Address

71 Hare Lane
Claygate
Esher
KT10 0QX

Registered Number

11852513 (England and Wales)
W12 PROPERTIES LIMITED
Balance Sheet as at
28 February 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks31,074,6481,074,648
Debtors48,97848,978
Cash at bank and on hand20,79534,307
1,144,4211,157,933
Creditors amounts falling due within one year4(1,069,566)(1,074,018)
Net current assets (liabilities)74,85583,915
Total assets less current liabilities74,85583,915
Creditors amounts falling due after one year5(14,953)(24,170)
Net assets59,90259,745
Capital and reserves
Called up share capital33
Profit and loss account59,89959,742
Shareholders' funds59,90259,745
The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2024, and are signed on its behalf by:
J A Guest
Director
Registered Company No. 11852513
W12 PROPERTIES LIMITED
Notes to the Financial Statements
for the period ended 28 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Deferred tax
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.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year00
3.Stocks

2024

2023

££
Finished goods1,074,6481,074,648
Total1,074,6481,074,648
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts10,0009,996
Taxation and social security374,493
Other creditors1,058,5291,058,529
Accrued liabilities and deferred income1,0001,000
Total1,069,5661,074,018
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts14,95324,170
Total14,95324,170