Registered number
12503929
WELL HOUSE PROPERTY LTD
Unaudited Filleted Accounts
31 March 2024
WELL HOUSE PROPERTY LTD
Registered number: 12503929
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 283,809 283,809
Current assets
Cash at bank and in hand 141,338 38,597
Creditors: amounts falling due within one year 4 (290,704) (189,325)
Net current liabilities (149,366) (150,728)
Total assets less current liabilities 134,443 133,081
Creditors: amounts falling due after more than one year 5 (131,233) (131,233)
Net assets 3,210 1,848
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,110 1,748
Shareholders' funds 3,210 1,848
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Amjad Ali
Director
Approved by the board on 18 November 2024
WELL HOUSE PROPERTY LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investment
Properties
£
Cost
At 1 April 2023 283,809
At 31 March 2024 283,809
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 319 291
Other creditors 290,385 189,034
290,704 189,325
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 131,233 131,233
6 Other information
WELL HOUSE PROPERTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
65 Town Street,
Leeds
LS12 1XD
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