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REGISTERED NUMBER: 12101442 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WEYBRIDGE ESTATES LTD

WEYBRIDGE ESTATES LTD (REGISTERED NUMBER: 12101442)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEYBRIDGE ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S P Merchant
A J Merchant





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT4 7LD





REGISTERED NUMBER: 12101442 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

WEYBRIDGE ESTATES LTD (REGISTERED NUMBER: 12101442)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 182 -
Investment property 5 4,120,000 5,044,500
4,120,182 5,044,500

CURRENT ASSETS
Debtors 6 472,701 469,494
Cash at bank 83,636 47,603
556,337 517,097
CREDITORS
Amounts falling due within one year 7 42,456 57,971
NET CURRENT ASSETS 513,881 459,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,634,063

5,503,626

CREDITORS
Amounts falling due after more than one
year

8

1,742,700

2,482,700
NET ASSETS 2,891,363 3,020,926

CAPITAL AND RESERVES
Called up share capital 10 2,960,356 2,960,356
Retained earnings (68,993 ) 60,570
SHAREHOLDERS' FUNDS 2,891,363 3,020,926

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

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

WEYBRIDGE ESTATES LTD (REGISTERED NUMBER: 12101442)

BALANCE SHEET - continued
31 JANUARY 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 17 January 2025 and were signed on its behalf by:





A J Merchant - Director


WEYBRIDGE ESTATES LTD (REGISTERED NUMBER: 12101442)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Weybridge Estates Ltd 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.

Turnover
Turnover represents gross rents receivable. Rental income is recognised in the period it relates to.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 20% on cost

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

In accordance with FRS 102; Investment property is property (land or building, or part of a building, or both) held by the owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both. An entity shall measure investment property at its initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal and brokerage fees, property transfer taxes and other transaction costs. Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The directors consider that the value included in the accounts is a fair valuation of the property's market value at the balance sheet date.

Taxation
Taxation for the year comprises current 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 tax 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.

3. EMPLOYEES AND DIRECTORS

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

WEYBRIDGE ESTATES LTD (REGISTERED NUMBER: 12101442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 214
At 31 January 2024 214
DEPRECIATION
Charge for year 32
At 31 January 2024 32
NET BOOK VALUE
At 31 January 2024 182

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 5,044,500
Disposals (814,500 )
Revaluations (110,000 )
At 31 January 2024 4,120,000
NET BOOK VALUE
At 31 January 2024 4,120,000
At 31 January 2023 5,044,500

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 4,120,000

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

31.1.24 31.1.23
£    £   
Cost 4,230,000 5,080,000

Investment property was valued on an open market basis on 31 January 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 472,701 469,494

WEYBRIDGE ESTATES LTD (REGISTERED NUMBER: 12101442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 29,800 32,850
Trade creditors - 3,704
Taxation and social security - 12,986
Other creditors 12,656 8,431
42,456 57,971

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 1,742,700 2,482,700

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 1,772,500 2,515,550

The company's bankers hold charges over the properties owned by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2,960,356 Ordinary £1 2,960,356 2,960,356

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Director
Balance outstanding at start of year - -
Amounts advanced 11,000 -
Amounts repaid (11,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Director
Balance outstanding at start of year - -
Amounts advanced 11,000 -
Amounts repaid (11,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loans are interest free.