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REGISTERED NUMBER: 09752282 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

W&W RESIDENTIAL PROPERTY LIMITED

W&W RESIDENTIAL PROPERTY LIMITED (REGISTERED NUMBER: 09752282)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


W&W RESIDENTIAL PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: T C Wegener
C F Wegener





REGISTERED OFFICE: 84 Seawall Road
Cardiff
CF24 5TH





REGISTERED NUMBER: 09752282 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

W&W RESIDENTIAL PROPERTY LIMITED (REGISTERED NUMBER: 09752282)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,042,434 1,510,418

CURRENT ASSETS
Debtors 5 6,700 3,950
Cash at bank 4,175 37,480
10,875 41,430
CREDITORS
Amounts falling due within one year 6 1,004,616 681,472
NET CURRENT LIABILITIES (993,741 ) (640,042 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,048,693

870,376

CREDITORS
Amounts falling due after more than one
year

7

246,509

278,329
NET ASSETS 802,184 592,047

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 802,182 592,045
SHAREHOLDERS' FUNDS 802,184 592,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

W&W RESIDENTIAL PROPERTY LIMITED (REGISTERED NUMBER: 09752282)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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 Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





T C Wegener - Director


W&W RESIDENTIAL PROPERTY LIMITED (REGISTERED NUMBER: 09752282)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

W&W Residential Property 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.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue operating for the foreseeable future.

Therefore the financial statements have been prepared on a going concern basis.

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

Investment property
The directors have confirmed that capitalised amounts for investment properties represent the fair values at the balance sheet date. This has been determined by looking at prices of similar properties within close proximity to each investment property.

There have been no fair value adjustments in the period under review.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

W&W RESIDENTIAL PROPERTY LIMITED (REGISTERED NUMBER: 09752282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 1,510,418
Additions 532,016
At 31 January 2024 2,042,434
NET BOOK VALUE
At 31 January 2024 2,042,434
At 31 January 2023 1,510,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Other debtors 6,700 3,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 28,591 28,490
Trade creditors 13,684 4,070
Taxation and social security 3,632 2,748
Other creditors 958,709 646,164
1,004,616 681,472

Included within 'Other creditors' is amounts payable on demand to the company directors totalling £510,788 (2023: £203,602). Interest has not been charged to the company on these loans.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans 246,509 278,329

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 162,913 170,580

W&W RESIDENTIAL PROPERTY LIMITED (REGISTERED NUMBER: 09752282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31/1/24 31/1/23
£    £   
Bank loans 275,100 306,819

National Westminster Bank plc hold a floating charge over all the assets of the company.

Bank loans applicable to National Westminster Bank plc are secured by way of a fixed charge in favour of National Westminster Bank plc over a number of investment properties owned by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
2 Ordinary 1 2 2