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Registration number: 03705229

Dr W J Walker Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 October 2023

 

Dr W J Walker Ltd

Contents

Company Information

1

Director's Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 9

 

Dr W J Walker Ltd

Company Information

Director

Dr WJ Walker

Company secretary

Mrs NJ Walker

Registered office

Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

Accountants

Perrigo Consultants Limited
Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

 

Dr W J Walker Ltd

Director's Report for the Year Ended 31 October 2023

The director presents his report and the abridged financial statements for the year ended 31 October 2023.

Director of the company

The director who held office during the year was as follows:

Dr WJ Walker

Principal activity

The principal activity of the company is specialists medical practice activities.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 31 October 2024
 

.........................................
Mrs NJ Walker
Company secretary

 

Dr W J Walker Ltd

(Registration number: 03705229)
Abridged Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,865

2,488

Investment property

6,046,300

6,077,466

 

6,048,165

6,079,954

Current assets

 

Debtors

7

144,205

88,756

Other financial assets

6

61,404

61,404

Cash at bank and in hand

 

846,519

823,635

 

1,052,128

973,795

Prepayments and accrued income

 

1,175

2,652

Creditors: Amounts falling due within one year

(58,369)

(66,371)

Net current assets

 

994,934

910,076

Total assets less current liabilities

 

7,043,099

6,990,030

Provisions for liabilities

(99,381)

(91,956)

Accruals and deferred income

 

(9,800)

(30,637)

Net assets

 

6,933,918

6,867,437

Capital and reserves

 

Called up share capital

8

102

102

Retained earnings

6,933,816

6,867,335

Shareholders' funds

 

6,933,918

6,867,437

 

Dr W J Walker Ltd

(Registration number: 03705229)
Abridged Balance Sheet as at 31 October 2023

For the financial year ending 31 October 2023 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 31 October 2024
 

.........................................
Dr WJ Walker
Director

 

Dr W J Walker Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

1

General information

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

The address of its registered office is:
Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

These financial statements were authorised for issue by the director on 31 October 2024.

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 abridged 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 abridged 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

 

Dr W J Walker Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

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.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

31,789

32,959

 

Dr W J Walker Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 November 2022

20,935

8,107

29,042

At 31 October 2023

20,935

8,107

29,042

Depreciation

At 1 November 2022

20,813

5,741

26,554

Charge for the year

31

592

623

At 31 October 2023

20,844

6,333

27,177

Carrying amount

At 31 October 2023

91

1,774

1,865

At 31 October 2022

122

2,366

2,488

Investment properties

2023
£

At 1 November

6,316,766

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

 

Dr W J Walker Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Cost or valuation

At 1 November 2022

61,404

61,404

At 31 October 2023

61,404

61,404

Impairment

Carrying amount

At 31 October 2023

61,404

61,404

7

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

A Ordinary of £1 each

100

100

100

100

102

102

102

102

9

Related party transactions

Transactions with the director

2023

At 1 November 2022
£

Advances to director
£

At 31 October 2023
£

Dr WJ Walker

Directors loan account

76,819

57,811

134,630

 

Dr W J Walker Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

2022

At 1 November 2021
£

Advances to director
£

At 31 October 2022
£

Dr WJ Walker

Directors loan account

(24,737)

101,557

76,819