REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
WORKHAM EUROPEAN PROPERTY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
WORKHAM EUROPEAN PROPERTY LIMITED |
WORKHAM EUROPEAN PROPERTY LIMITED (REGISTERED NUMBER: 03965569) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
WORKHAM EUROPEAN PROPERTY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Hillside |
Albion Street |
Chipping Norton |
Oxfordshire |
OX7 5BH |
WORKHAM EUROPEAN PROPERTY LIMITED (REGISTERED NUMBER: 03965569) |
BALANCE SHEET |
30 APRIL 2024 |
30.4.24 | 30.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
WORKHAM EUROPEAN PROPERTY LIMITED (REGISTERED NUMBER: 03965569) |
BALANCE SHEET - continued |
30 APRIL 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
WORKHAM EUROPEAN PROPERTY LIMITED (REGISTERED NUMBER: 03965569) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Workham European Property Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis on the understanding that the directors, will continue to support the company for the foreseeable future. |
Turnover |
Turnover represents net invoiced sales of services, charges and management fees, excluding value added tax. |
Tangible fixed assets |
Office equipment | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date with the exception of fixed asset investments which are translated into sterling at the rate of exchange ruling at the investment date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Interest received |
Interest received on unsecured loan stock is accounted for on a receipts basis, adjusted for interest owing which has been received shortly after the year end. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
WORKHAM EUROPEAN PROPERTY LIMITED (REGISTERED NUMBER: 03965569) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
4. | TANGIBLE FIXED ASSETS |
Office | Computer |
equipment | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group | Unlisted |
undertakings | investments | Totals |
£ | £ | £ |
COST |
At 1 May 2023 | 800,328 |
Disposals | ( |
) | ( |
) | (56,749 | ) |
Exchange differences | ( |
) | (9,385 | ) |
At 30 April 2024 | 734,194 |
NET BOOK VALUE |
At 30 April 2024 | 734,194 |
At 30 April 2023 | 800,328 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Trade debtors |
Amounts owed by joint ventures |
Other debtors |
Workham Developments Ltd | 40,000 | - |
Prepayments and accrued income |
WORKHAM EUROPEAN PROPERTY LIMITED (REGISTERED NUMBER: 03965569) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
Pensions payable | 134 | - |
VAT | 2,226 | 174,467 |
Other creditors |
Workham Developments Ltd | - | 144,618 |
Directors' current accounts | 77 | 1,070 |
Accrued expenses |
8. | PROVISIONS FOR LIABILITIES |
30.4.24 | 30.4.23 |
£ | £ |
Deferred tax | 400 | 256 |
Deferred |
tax |
£ |
Balance at 1 May 2023 |
Provided during year |
Balance at 30 April 2024 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.24 | 30.4.23 |
value: | £ | £ |
Ordinary 'A' | £1 | 156,545 | 156,545 |
Ordinary 'B' | £1 | 508,723 | 508,723 |
Ordinary 'C' | £1 | 304,360 | 304,360 |
Ordinary 'D' | £1 | 100,000 | 100,000 |
1,069,628 | 1,069,628 |
10. | RELATED PARTY DISCLOSURES |
During the year Workham European Property Limited provided finance to Workham Developments Limited, a company in which Mr A J White and Mr D J White are directors. At the balance sheet date £40,000 (2023 - creditor of £144,618) was owed by Workham Developments Limited. |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Mr A J White and Mr D H J White. |