WBIC Blue Ltd 11418970 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true true 11418970 2023-05-01 2024-04-30 11418970 2024-04-30 11418970 core:OtherReservesSubtotal 2024-04-30 11418970 core:RetainedEarningsAccumulatedLosses 2024-04-30 11418970 core:ShareCapital 2024-04-30 11418970 core:CurrentFinancialInstruments 2024-04-30 11418970 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 11418970 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 11418970 bus:SmallEntities 2023-05-01 2024-04-30 11418970 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11418970 bus:FilletedAccounts 2023-05-01 2024-04-30 11418970 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11418970 bus:RegisteredOffice 2023-05-01 2024-04-30 11418970 bus:Director1 2023-05-01 2024-04-30 11418970 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11418970 1 2023-05-01 2024-04-30 11418970 countries:AllCountries 2023-05-01 2024-04-30 11418970 2023-04-30 11418970 2022-05-01 2023-04-30 11418970 2023-04-30 11418970 core:OtherReservesSubtotal 2023-04-30 11418970 core:RetainedEarningsAccumulatedLosses 2023-04-30 11418970 core:ShareCapital 2023-04-30 11418970 core:CurrentFinancialInstruments 2023-04-30 11418970 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11418970 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 11418970

WBIC Blue Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

WBIC Blue Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

WBIC Blue Ltd

(Registration number: 11418970)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

900,719

948,125

Current assets

 

Debtors

5

1,141

2,602

Cash at bank and in hand

 

2,256

209

 

3,397

2,811

Creditors: Amounts falling due within one year

6

(98,617)

(79,159)

Net current liabilities

 

(95,220)

(76,348)

Total assets less current liabilities

 

805,499

871,777

Creditors: Amounts falling due after more than one year

6

(457,740)

(508,600)

Provisions for liabilities

(55,545)

(67,397)

Net assets

 

292,214

295,780

Capital and reserves

 

Called up share capital

1

1

Other reserves

166,636

202,191

Retained earnings

125,577

93,588

Shareholders' funds

 

292,214

295,780

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 October 2024
 

 

WBIC Blue Ltd

(Registration number: 11418970)
Balance Sheet as at 30 April 2024

.........................................
Mr R P E Phillips
Director

 

WBIC Blue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Flat Post Office
Abbotts Ann
Andover
Hampshire
SP11 7AZ

These financial statements were authorised for issue by the director on 21 October 2024.

The presentation currency of the financial statements is the pound sterling (£). The financial statements are rounded to the nearest pound.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents rental income from investment properties owned by the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

 

WBIC Blue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method. The company had no advanced financial instruments.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 May

948,125

Fair value adjustments

(47,406)

At 30 April

900,719

The investment property is included at its open market value of £900,719 and is based on the directors' valuation. The property initially cost £678,497 and has been revalued by £222,182.

There has been no valuation of investment property by an independent valuer.

 

WBIC Blue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Debtors

2024
£

2023
£

Trade debtors

490

1,950

Other debtors

651

652

1,141

2,602

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

7

Amounts owed to group undertakings and undertakings in which the company has a participating interest

83,217

74,096

Taxation and social security

 

11,555

1,426

Other creditors

 

3,845

3,630

 

98,617

79,159

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

457,740

508,600

The mortgage is secured against the respective property.

7

Parent and ultimate parent undertaking

The company's immediate parent is WBIC Estates Limited, incorporated in England and Wales. The principal place of business of the company and its registered office is Flat Post Office, Abbotts Ann, Andover, Hampshire, SP11 7AZ.