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REGISTERED NUMBER: 10029661 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 29 February 2024

for

Worple Way Limited

Worple Way Limited (Registered number: 10029661)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


Worple Way Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs S Shah
J Shah





REGISTERED OFFICE: 39 Worple Way
Harrow
United Kingdom
Middlesex
HA2 9SN





REGISTERED NUMBER: 10029661 (England and Wales)






Worple Way Limited (Registered number: 10029661)

Report of the Directors
for the Year Ended 29 February 2024

The directors present their report with the financial statements of the company for the year ended 29 February 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 March 2023 to the date of this report.

Mrs S Shah
J Shah

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs S Shah - Director


29 November 2024

Worple Way Limited (Registered number: 10029661)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 295 393
Investment property 5 2,348,629 1,923,629
2,348,924 1,924,022

CURRENT ASSETS
Debtors 6 3,170 3,326
Cash at bank 3,177 7,997
6,347 11,323
CREDITORS
Amounts falling due within one year 7 6,499 19,552
NET CURRENT LIABILITIES (152 ) (8,229 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,348,772

1,915,793

CREDITORS
Amounts falling due after more than one
year

8

2,323,605

1,894,761
NET ASSETS 25,167 21,032

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,067 20,932
SHAREHOLDERS' FUNDS 25,167 21,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Worple Way Limited (Registered number: 10029661)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mrs S Shah - Director


Worple Way Limited (Registered number: 10029661)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Worple Way Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial reporting Standard applicable in the UK and Republic of Ireland" and the companies Act 2006.
The financial statements have been prepared under historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following rate in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

Worple Way Limited (Registered number: 10029661)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 799
DEPRECIATION
At 1 March 2023 406
Charge for year 98
At 29 February 2024 504
NET BOOK VALUE
At 29 February 2024 295
At 28 February 2023 393

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,923,629
Additions 425,000
At 29 February 2024 2,348,629
NET BOOK VALUE
At 29 February 2024 2,348,629
At 28 February 2023 1,923,629

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 2,586 3,326
Other debtors 584 -
3,170 3,326

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 993 1,482
Other creditors 5,506 18,070
6,499 19,552

Worple Way Limited (Registered number: 10029661)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 1,664,605 1,385,761
Other creditors 659,000 509,000
2,323,605 1,894,761

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,655,872 1,372,822