Company Registration No. 09505577 (England and Wales)
WBC Investments Limited
Unaudited accounts
for the year ended 31 March 2024
WBC Investments Limited
Unaudited accounts
Contents
WBC Investments Limited
Company Information
for the year ended 31 March 2024
Directors
Mr S Boyd
Mr M Witort
Mr P D Cox
Company Number
09505577 (England and Wales)
Registered Office
2 BRIDGE HOUSE
CHAMBERLAYNE ROAD
LONDON
NW10 3NR
UNITED KINGDOM
WBC Investments Limited
Statement of financial position
as at 31 March 2024
Investment property
775,125
775,125
Cash at bank and in hand
191
80,078
Creditors: amounts falling due within one year
(367,146)
(360,301)
Net current liabilities
(366,955)
(280,223)
Total assets less current liabilities
408,170
494,902
Creditors: amounts falling due after more than one year
(495,374)
(575,000)
Net liabilities
(87,204)
(80,098)
Called up share capital
100
100
Profit and loss account
(87,304)
(80,198)
Shareholders' funds
(87,204)
(80,098)
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by
Mr S Boyd
Director
Company Registration No. 09505577
WBC Investments Limited
Notes to the Accounts
for the year ended 31 March 2024
WBC Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 09505577. The registered office is 2 BRIDGE HOUSE, CHAMBERLAYNE ROAD, LONDON, NW10 3NR, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Fair value at 1 April 2023
775,125
Investment properties are stated at fair value.
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,920
4,512
Other creditors
43,399
43,402
Loans from directors
316,067
286,067
Deferred income
3,760
26,320
The bank loan is secured by fixed and floating charges over the property at 4A Drayton Road NW10
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
495,374
575,000
WBC Investments Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The directors have advanced funds to the company. The company has not been charged interest in respect of the sums advanced. Loans are repayable on demand,
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).