Silverfin false 30/04/2023 01/05/2022 30/04/2023 M J Pate 01/12/2023 I E Prince 30/03/2023 M J Prince 13/05/2022 18 October 2024 The principal activity of the Company during the financial year was that of property management. 00532210 2023-04-30 00532210 bus:Director1 2023-04-30 00532210 bus:Director2 2023-04-30 00532210 bus:Director3 2023-04-30 00532210 2022-04-30 00532210 core:CurrentFinancialInstruments 2023-04-30 00532210 core:CurrentFinancialInstruments 2022-04-30 00532210 core:ShareCapital 2023-04-30 00532210 core:ShareCapital 2022-04-30 00532210 core:RetainedEarningsAccumulatedLosses 2023-04-30 00532210 core:RetainedEarningsAccumulatedLosses 2022-04-30 00532210 core:LandBuildings 2022-04-30 00532210 core:OtherPropertyPlantEquipment 2022-04-30 00532210 core:LandBuildings 2023-04-30 00532210 core:OtherPropertyPlantEquipment 2023-04-30 00532210 2022-05-01 2023-04-30 00532210 bus:FullAccounts 2022-05-01 2023-04-30 00532210 bus:SmallEntities 2022-05-01 2023-04-30 00532210 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 00532210 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 00532210 bus:Director1 2022-05-01 2023-04-30 00532210 bus:Director2 2022-05-01 2023-04-30 00532210 bus:Director3 2022-05-01 2023-04-30 00532210 2021-05-01 2022-04-30 00532210 core:CurrentFinancialInstruments 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 00532210 (England and Wales)

WESSEX DISCOUNT LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

WESSEX DISCOUNT LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

WESSEX DISCOUNT LIMITED

BALANCE SHEET

As at 30 April 2023
WESSEX DISCOUNT LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 20,767 20,767
20,767 20,767
Current assets
Debtors 4 20,000 0
Cash at bank and in hand 6,706 15,233
26,706 15,233
Creditors: amounts falling due within one year 5 ( 6,885) ( 1,218)
Net current assets 19,821 14,015
Total assets less current liabilities 40,588 34,782
Net assets 40,588 34,782
Capital and reserves
Called-up share capital 3,708 3,708
Profit and loss account 36,880 31,074
Total shareholders' funds 40,588 34,782

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Wessex Discount Limited (registered number: 00532210) were approved and authorised for issue by the Director on 18 October 2024. They were signed on its behalf by:

M J Pate
Director
WESSEX DISCOUNT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
WESSEX DISCOUNT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wessex Discount Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Mjp Law, 28 Old Road, Wimborne, BH21 1EJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 2

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 May 2022 14,964 5,803 20,767
At 30 April 2023 14,964 5,803 20,767
Accumulated depreciation
At 01 May 2022 0 0 0
At 30 April 2023 0 0 0
Net book value
At 30 April 2023 14,964 5,803 20,767
At 30 April 2022 14,964 5,803 20,767

4. Debtors

2023 2022
£ £
Other debtors 20,000 0

Rent is owed to the company in the sum of £20,000 from the estate of M J Prince deceased. The executor of the estate is M Pate of MJP Law, as power of attorney for N Prince, executor of M J Prince deceased.

5. Creditors: amounts falling due within one year

2023 2022
£ £
Corporation tax 1,650 12
Other creditors 5,235 1,206
6,885 1,218

Included in other creditors is £305 owed to the estate of M J Prince deceased. The executor of the estate is M Pate of MJP Law, as power of attorney for N Prince, executor of M J Prince deceased.