Walton Lodge Properties Ltd 13149562 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is property letting Digita Accounts Production Advanced 6.30.9574.0 true 13149562 2023-02-01 2024-01-31 13149562 2024-01-31 13149562 bus:OrdinaryShareClass1 2024-01-31 13149562 core:CurrentFinancialInstruments 2024-01-31 13149562 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13149562 core:LandBuildings 2024-01-31 13149562 bus:SmallEntities 2023-02-01 2024-01-31 13149562 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13149562 bus:FilletedAccounts 2023-02-01 2024-01-31 13149562 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13149562 bus:RegisteredOffice 2023-02-01 2024-01-31 13149562 bus:Director1 2023-02-01 2024-01-31 13149562 bus:Director2 2023-02-01 2024-01-31 13149562 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 13149562 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13149562 bus:Agent1 2023-02-01 2024-01-31 13149562 countries:EnglandWales 2023-02-01 2024-01-31 13149562 2023-01-31 13149562 core:LandBuildings 2023-01-31 13149562 2022-02-01 2023-01-31 13149562 2023-01-31 13149562 bus:OrdinaryShareClass1 2023-01-31 13149562 core:CurrentFinancialInstruments 2023-01-31 13149562 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13149562 core:LandBuildings 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13149562

Walton Lodge Properties Ltd

Annual Report and Unaudited Financial Statements Year Ended 31 January 2024

image-name

Chartered Accountants

 

Walton Lodge Properties Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Walton Lodge Properties Ltd

Company Information

Directors

Miss A D Kyari

Ms K Morawska

Registered office

101 North Road
Poole
Dorset
BH14 0LT

Accountants

Edwards & Keeping
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Walton Lodge Properties Ltdfor the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Walton Lodge Properties Ltd for the year ended 31 January 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Walton Lodge Properties Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Walton Lodge Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Walton Lodge Properties Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Walton Lodge Properties Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Walton Lodge Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Walton Lodge Properties Ltd. You consider that Walton Lodge Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Walton Lodge Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

10 October 2024

 

Walton Lodge Properties Ltd

(Registration number: 13149562)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

935,085

935,085

Current assets

 

Debtors

5

695

622

Cash at bank and in hand

 

35,975

37,827

 

36,670

38,449

Creditors: Amounts falling due within one year

6

(921,890)

(951,552)

Net current liabilities

 

(885,220)

(913,103)

Net assets

 

49,865

21,982

Capital and reserves

 

Called up share capital

7

200

200

Profit and loss account

49,665

21,782

Shareholders' funds

 

49,865

21,982

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 October 2024 and signed on its behalf by:
 


Miss A D Kyari
Director


Ms K Morawska
Director

 
     
 

Walton Lodge Properties Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

1

General information

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

The address of its registered office is:
101 North Road
Poole
Dorset
BH14 0LT

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Walton Lodge Properties Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 February 2023

935,085

935,085

At 31 January 2024

935,085

935,085

Depreciation

Carrying amount

At 31 January 2024

935,085

935,085

At 31 January 2023

935,085

935,085

Included within the net book value of land and buildings above is £935,085 (2023 - £935,085) in respect of freehold land and buildings.
 

 

Walton Lodge Properties Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

695

622

 

695

622

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Directors' loan accounts

907,800

937,800

Taxation and social security

 

1,800

1,650

Other creditors

 

12,290

12,102

 

921,890

951,552

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

200

200

200

200

       

8

Dividends

2024

2023

£

£

Interim dividend of £Nil (2023 - £100.00) per ordinary share

-

20,000