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Company Registration No. 12018112 (England and Wales)
WLA Property Ltd Unaudited accounts for the year ended 31 May 2024
WLA Property Ltd Unaudited accounts Contents
Page
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WLA Property Ltd Company Information for the year ended 31 May 2024
Director
Lynn Barber
Company Number
12018112 (England and Wales)
Registered Office
33 Wildspur Cottages Sheffield Road, New Mill Holmfirth HD9 7ES
Accountants
Swift Accountancy (Holmfirth) Ltd Old Thorn Yew Tree Lane Holmbridge Holmfirth West Yorkshire HD9 2NR
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WLA Property Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,019 
4,029 
Investment property
288,000 
288,000 
294,019 
292,029 
Current assets
Debtors
2,841 
2,841 
Cash at bank and in hand
94 
5,717 
2,935 
8,558 
Creditors: amounts falling due within one year
6,755 
6,755 
Net current assets
9,690 
15,313 
Total assets less current liabilities
303,709 
307,342 
Creditors: amounts falling due after more than one year
(316,419)
(311,232)
Net liabilities
(12,710)
(3,890)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(12,712)
(3,892)
Shareholders' funds
(12,710)
(3,890)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
Lynn Barber Director Company Registration No. 12018112
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WLA Property Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
WLA Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12018112. The registered office is 33 Wildspur Cottages, Sheffield Road, New Mill, Holmfirth, HD9 7ES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
8,453 
Additions
4,600 
At 31 May 2024
13,053 
Depreciation
At 1 June 2023
4,424 
Charge for the year
2,610 
At 31 May 2024
7,034 
Net book value
At 31 May 2024
6,019 
At 31 May 2023
4,029 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
288,000 
At 31 May 2024
288,000 
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WLA Property Ltd Notes to the Accounts for the year ended 31 May 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
2,841 
2,841 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
(7,150)
(7,150)
Accruals
395 
395 
(6,755)
(6,755)
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
231,932 
231,932 
Amounts owed to group undertakings and other participating interests
84,487 
79,300 
316,419 
311,232 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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