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REGISTERED NUMBER: 10503449 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

WATTAR PROPERTIES LIMITED

WATTAR PROPERTIES LIMITED (REGISTERED NUMBER: 10503449)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WATTAR PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: Dr Bassel Hamameeh Al Wattar





REGISTERED OFFICE: 67 Springmeadow Road
Birmingham
United Kingdom
B15 2GH





REGISTERED NUMBER: 10503449 (England and Wales)

WATTAR PROPERTIES LIMITED (REGISTERED NUMBER: 10503449)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 753,041 753,041

CURRENT ASSETS
Cash at bank 6,596 2,398

CREDITORS
Amounts falling due within one year 5 18,472 10,101
NET CURRENT LIABILITIES (11,876 ) (7,703 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

741,165

745,338

CREDITORS
Amounts falling due after more than one
year

6

681,429

676,047
NET ASSETS 59,736 69,291

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 59,730 69,285
59,736 69,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:




Dr Bassel Hamameeh Al Wattar - Director


WATTAR PROPERTIES LIMITED (REGISTERED NUMBER: 10503449)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Wattar Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WATTAR PROPERTIES LIMITED (REGISTERED NUMBER: 10503449)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 753,041
NET BOOK VALUE
At 30 April 2024 753,041
At 30 April 2023 753,041

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2020 33,034
Valuation in 2021 86,001
Cost 634,006
753,041

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 17,246 8,875
Other creditors 1,226 1,226
18,472 10,101

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 478,421 473,965
Other creditors 203,008 202,082
681,429 676,047

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 478,421 473,965

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end the company owes £203,008 (2023 - £202,081) to the director in respect of director loan to the company.