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REGISTERED NUMBER: 00882642 (England and Wales)















WALSGRAVE ROAD INVESTMENTS (COVENTRY)
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






WALSGRAVE ROAD INVESTMENTS (COVENTRY)
LIMITED (REGISTERED NUMBER: 00882642)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALSGRAVE ROAD INVESTMENTS (COVENTRY)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: P M S Newsome
C P S Newsome
E L G Dring



SECRETARY: M A Hammon



REGISTERED OFFICE: Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG



REGISTERED NUMBER: 00882642 (England and Wales)



ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG



SOLICITORS: Hammons Solicitors
The Old Bank
353 Walsgrave Road
Coventry
CV2 4BG

WALSGRAVE ROAD INVESTMENTS (COVENTRY)
LIMITED (REGISTERED NUMBER: 00882642)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 350,002 350,002

CURRENT ASSETS
Debtors 5 82 82
Cash at bank 5,988 6,793
6,070 6,875
CREDITORS
Amounts falling due within one year 6 34,549 31,209
NET CURRENT LIABILITIES (28,479 ) (24,334 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,523

325,668

CREDITORS
Amounts falling due after more than one
year

7

(879

)

(1,556

)

PROVISIONS FOR LIABILITIES (54,000 ) (54,000 )
NET ASSETS 266,644 270,112

CAPITAL AND RESERVES
Called up share capital 10,003 10,003
Revaluation reserve 250,323 250,323
Retained earnings 6,318 9,786
SHAREHOLDERS' FUNDS 266,644 270,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

WALSGRAVE ROAD INVESTMENTS (COVENTRY)
LIMITED (REGISTERED NUMBER: 00882642)

BALANCE SHEET - continued
30TH APRIL 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 26th December 2024 and were signed on its behalf by:





P M S Newsome - Director


WALSGRAVE ROAD INVESTMENTS (COVENTRY)
LIMITED (REGISTERED NUMBER: 00882642)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Walsgrave Road Investments (Coventry) 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover
Turnover represents the invoiced amount of rents and service charges. The company is not registered for value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Investment property - not provided
Computer equipment - 33% on cost

Investment property
Investment property is carried at fair value. Revaluation surpluses or deficits are recognised in the income statement. Deferred taxation is provided on these gains and the net of revaluation and deferred tax movement transferred to a fair value reserve.

The directors review the property each year and adjust the carrying values where they believe that there is a material adjustment to the previous year.

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.

WALSGRAVE ROAD INVESTMENTS (COVENTRY)
LIMITED (REGISTERED NUMBER: 00882642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Investment Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1st May 2023
and 30th April 2024 350,000 641 350,641
DEPRECIATION
At 1st May 2023
and 30th April 2024 - 639 639
NET BOOK VALUE
At 30th April 2024 350,000 2 350,002
At 30th April 2023 350,000 2 350,002

Cost or valuation at 30th April 2024 is represented by:

Investment Computer
property equipment Totals
£    £    £   
Valuation in 1992 94,323 - 94,323
Valuation in 2013 45,000 - 45,000
Valuation in 2017 67,000 - 67,000
Valuation in 2022 28,000 - 28,000
Valuation in 2023 70,000 - 70,000
Cost 45,677 641 46,318
350,000 641 350,641

If the freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 45,677 45,677

The freehold property was valued on fair value basis on 30th April 2022 by the directors of the company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 82 82

WALSGRAVE ROAD INVESTMENTS (COVENTRY)
LIMITED (REGISTERED NUMBER: 00882642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,085 1,560
Trade creditors 1,480 2,740
Corporation tax payable 2,705 2,765
Other creditors 5,988 5,923
Directors' current accounts 12,890 12,856
Accruals and deferred income 5,401 5,365
34,549 31,209

£ 5,988 of tenants deposits are included in other creditors.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 879 1,556