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REGISTERED NUMBER: 03378716 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Worple Properties Limited

Worple Properties Limited (Registered number: 03378716)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Worple Properties Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R J Bond
C L D Smith





SECRETARY: Mrs G Bond





REGISTERED OFFICE: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX





REGISTERED NUMBER: 03378716 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Worple Properties Limited (Registered number: 03378716)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 507 39,346

CURRENT ASSETS
Debtors 5 139,943 223,515
Cash at bank 223,792 121,333
363,735 344,848
CREDITORS
Amounts falling due within one
year

6

20,078

13,332
NET CURRENT ASSETS 343,657 331,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,164

370,862

CREDITORS
Amounts falling due after more
than one year

7

-

(26,531

)

PROVISIONS FOR LIABILITIES (96 ) (7,454 )
NET ASSETS 344,068 336,877

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 343,968 336,777
SHAREHOLDERS' FUNDS 344,068 336,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





R J Bond - Director


Worple Properties Limited (Registered number: 03378716)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Worple Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 2 (2023 - 2 ) .

Worple Properties Limited (Registered number: 03378716)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 3,316 64,395 4,648 72,359
Additions - 1,100 - 1,100
Disposals (500 ) (65,495 ) (3,991 ) (69,986 )
At 31 May 2024 2,816 - 657 3,473
DEPRECIATION
At 1 June 2023 2,527 25,838 4,648 33,013
Charge for year 169 - - 169
Eliminated on disposal (387 ) (25,838 ) (3,991 ) (30,216 )
At 31 May 2024 2,309 - 657 2,966
NET BOOK VALUE
At 31 May 2024 507 - - 507
At 31 May 2023 789 38,557 - 39,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 55,500
Other debtors 139,943 168,015
139,943 223,515

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts - 3,442
Trade creditors (20 ) 616
Taxation and social security 12,839 2,057
Other creditors 7,259 7,217
20,078 13,332

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts - 26,531

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

At the year end included in other debtors is an inter-company loan to Mentow Enterprises Limited of £1,295 (2023: £6,665) and included in other debtor's is an inter-company loan to Altyne Limited of £153,138 (2023: £153,108). Included in sales is a figure of £208,853 (2023: £50,593) to Mentow Enterprises Limited and £8,320 (2023: £16,000) to Altyne Limited. Mr R Bond is a director and shareholder of Mentow Enterprises Limited and of Altyne Limited. The companies are incorporated in England and Wales.

10. ULTIMATE CONTROLLING PARTY

Mr C Smith and Mr R J Bond are the ultimate controlling parties by virtue of their ownership of the ordinary share capital of the company.