2023-04-012024-03-312024-03-31false13077747WELCHPROP LIMITED2024-10-08iso4217:GBPxbrli:pure130777472023-04-01130777472024-03-31130777472023-04-012024-03-31130777472022-04-01130777472023-03-31130777472022-04-012023-03-3113077747bus:SmallEntities2023-04-012024-03-3113077747bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3113077747bus:FullAccounts2023-04-012024-03-3113077747bus:PrivateLimitedCompanyLtd2023-04-012024-03-3113077747core:WithinOneYear2024-03-3113077747core:AfterOneYear2024-03-3113077747core:WithinOneYear2023-03-3113077747core:AfterOneYear2023-03-3113077747core:ShareCapital2024-03-3113077747core:SharePremium2024-03-3113077747core:RevaluationReserve2024-03-3113077747core:OtherReservesSubtotal2024-03-3113077747core:RetainedEarningsAccumulatedLosses2024-03-3113077747core:ShareCapital2023-03-3113077747core:SharePremium2023-03-3113077747core:RevaluationReserve2023-03-3113077747core:OtherReservesSubtotal2023-03-3113077747core:RetainedEarningsAccumulatedLosses2023-03-3113077747core:LandBuildings2024-03-3113077747core:PlantMachinery2024-03-3113077747core:Vehicles2024-03-3113077747core:FurnitureFittings2024-03-3113077747core:OfficeEquipment2024-03-3113077747core:NetGoodwill2024-03-3113077747core:IntangibleAssetsOtherThanGoodwill2024-03-3113077747core:ListedExchangeTraded2024-03-3113077747core:UnlistedNon-exchangeTraded2024-03-3113077747core:LandBuildings2023-03-3113077747core:PlantMachinery2023-03-3113077747core:Vehicles2023-03-3113077747core:FurnitureFittings2023-03-3113077747core:OfficeEquipment2023-03-3113077747core:NetGoodwill2023-03-3113077747core:IntangibleAssetsOtherThanGoodwill2023-03-3113077747core:ListedExchangeTraded2023-03-3113077747core:UnlistedNon-exchangeTraded2023-03-3113077747core:LandBuildings2023-04-012024-03-3113077747core:PlantMachinery2023-04-012024-03-3113077747core:Vehicles2023-04-012024-03-3113077747core:FurnitureFittings2023-04-012024-03-3113077747core:OfficeEquipment2023-04-012024-03-3113077747core:NetGoodwill2023-04-012024-03-3113077747core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113077747core:ListedExchangeTraded2023-04-012024-03-3113077747core:UnlistedNon-exchangeTraded2023-04-012024-03-3113077747core:MoreThanFiveYears2023-04-012024-03-3113077747core:Non-currentFinancialInstruments2024-03-3113077747core:Non-currentFinancialInstruments2023-03-3113077747dpl:CostSales2023-04-012024-03-3113077747dpl:DistributionCosts2023-04-012024-03-3113077747core:LandBuildings2023-04-012024-03-3113077747core:PlantMachinery2023-04-012024-03-3113077747core:Vehicles2023-04-012024-03-3113077747core:FurnitureFittings2023-04-012024-03-3113077747core:OfficeEquipment2023-04-012024-03-3113077747dpl:AdministrativeExpenses2023-04-012024-03-3113077747core:NetGoodwill2023-04-012024-03-3113077747core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113077747dpl:GroupUndertakings2023-04-012024-03-3113077747dpl:ParticipatingInterests2023-04-012024-03-3113077747dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3113077747core:ListedExchangeTraded2023-04-012024-03-3113077747dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3113077747core:UnlistedNon-exchangeTraded2023-04-012024-03-3113077747dpl:CostSales2022-04-012023-03-3113077747dpl:DistributionCosts2022-04-012023-03-3113077747core:LandBuildings2022-04-012023-03-3113077747core:PlantMachinery2022-04-012023-03-3113077747core:Vehicles2022-04-012023-03-3113077747core:FurnitureFittings2022-04-012023-03-3113077747core:OfficeEquipment2022-04-012023-03-3113077747dpl:AdministrativeExpenses2022-04-012023-03-3113077747core:NetGoodwill2022-04-012023-03-3113077747core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3113077747dpl:GroupUndertakings2022-04-012023-03-3113077747dpl:ParticipatingInterests2022-04-012023-03-3113077747dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3113077747core:ListedExchangeTraded2022-04-012023-03-3113077747dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3113077747core:UnlistedNon-exchangeTraded2022-04-012023-03-3113077747core:NetGoodwill2024-03-3113077747core:IntangibleAssetsOtherThanGoodwill2024-03-3113077747core:LandBuildings2024-03-3113077747core:PlantMachinery2024-03-3113077747core:Vehicles2024-03-3113077747core:FurnitureFittings2024-03-3113077747core:OfficeEquipment2024-03-3113077747core:AfterOneYear2024-03-3113077747core:WithinOneYear2024-03-3113077747core:ListedExchangeTraded2024-03-3113077747core:UnlistedNon-exchangeTraded2024-03-3113077747core:ShareCapital2024-03-3113077747core:SharePremium2024-03-3113077747core:RevaluationReserve2024-03-3113077747core:OtherReservesSubtotal2024-03-3113077747core:RetainedEarningsAccumulatedLosses2024-03-3113077747core:NetGoodwill2023-03-3113077747core:IntangibleAssetsOtherThanGoodwill2023-03-3113077747core:LandBuildings2023-03-3113077747core:PlantMachinery2023-03-3113077747core:Vehicles2023-03-3113077747core:FurnitureFittings2023-03-3113077747core:OfficeEquipment2023-03-3113077747core:AfterOneYear2023-03-3113077747core:WithinOneYear2023-03-3113077747core:ListedExch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WELCHPROP LIMITED

Registered Number
13077747
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

WELCHPROP LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

WELCH, Michael
WELCH, Sheila

Registered Address

11 Newfield Close
Doncaster
DN3 1NF

Registered Number

13077747 (England and Wales)
WELCHPROP LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3540,000540,000
540,000540,000
Current assets
Debtors690690
Cash at bank and on hand6631,841
1,3532,531
Creditors amounts falling due within one year4(138,218)(130,828)
Net current assets (liabilities)(136,865)(128,297)
Total assets less current liabilities403,135411,703
Creditors amounts falling due after one year5(414,442)(414,442)
Net assets(11,307)(2,739)
Capital and reserves
Called up share capital100100
Profit and loss account(11,407)(2,839)
Shareholders' funds(11,307)(2,739)
The financial statements were approved and authorised for issue by the Board of Directors on 8 October 2024, and are signed on its behalf by:
WELCH, Michael
Director
Registered Company No. 13077747
WELCHPROP LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year22
3.Investment property

£
Fair value at 01 April 23540,000
At 31 March 24540,000
4.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties136,634129,628
Accrued liabilities and deferred income1,5841,200
Total138,218130,828
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts414,442414,442
Total414,442414,442