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Registration number: 14658285

Wukkr Properties Ltd

Unaudited Filleted Financial Statements

for the Period from 13 February 2023 to 29 February 2024

 

Wukkr Properties Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Wukkr Properties Ltd

Company Information

Directors

Mr John Alexander

Mr William Mccoull

Registration number

14658285

Registered office

Wheat Barn
Church Road
Greatworth
Oxfordshire
OX17 2DU

Accountants

mca Shepherd Smail
21 Market Place
Cirencester
Gloucestershire
GL7 2NX

 

Wukkr Properties Ltd

(Registration number: 14658285)
Balance Sheet as at 29 February 2024

Note

2024
£

Fixed assets

 

Investment property

4

210,000

Current assets

 

Debtors

5

1,890

Cash at bank and in hand

 

231,350

 

233,240

Creditors: Amounts falling due within one year

6

(308,897)

Net current liabilities

 

(75,657)

Total assets less current liabilities

 

134,343

Creditors: Amounts falling due after more than one year

6

(130,050)

Provisions for liabilities

(2,288)

Net assets

 

2,005

Capital and reserves

 

Called up share capital

2

Retained earnings

2,003

Shareholders' funds

 

2,005

 

Wukkr Properties Ltd

(Registration number: 14658285)
Balance Sheet as at 29 February 2024

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 November 2024 and signed on its behalf by:
 

Mr John Alexander

Director

 

Wukkr Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 29 February 2024

1

General information

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

The address of its registered office is:
Wheat Barn
Church Road
Greatworth
Oxfordshire
OX17 2DU

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 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 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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Wukkr Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 29 February 2024

Tax

The tax expense for the period comprises 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.

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.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Wukkr Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 29 February 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investment properties

2024
£

Additions

197,959

Fair value adjustments

12,041

At 29 February

210,000

The investment property was valued by the directors at its market value as of 29 February 2024.

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

5

Debtors

Current

2024
£

Trade debtors

1,540

Prepayments

350

 

1,890

 

Wukkr Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 29 February 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

1,000

Other creditors

307,897

308,897

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

8

130,050

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:

Retained earnings
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

12,041

12,041

8

Loans and borrowings

Non-current loans and borrowings

2024
£

Bank borrowings

130,050

 

Wukkr Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 29 February 2024

9

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

A ordinary shares of £1 each

1

1

A ordinary shares of £1 each

1

1

 

2

2