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REGISTERED NUMBER: 11760978 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WELLHOLT LIMITED

WELLHOLT LIMITED (REGISTERED NUMBER: 11760978)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WELLHOLT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Y Friedman





REGISTERED OFFICE: 11 Rookwood Road
London
N16 6SP





REGISTERED NUMBER: 11760978 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

WELLHOLT LIMITED (REGISTERED NUMBER: 11760978)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Investment property 4 718,288 718,288

CURRENT ASSETS
Debtors 5 10,000 11,867
Cash at bank 396 827
10,396 12,694
CREDITORS
Amounts falling due within one year 6 (260,991 ) (257,630 )
NET CURRENT LIABILITIES (250,595 ) (244,936 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

467,693

473,352

CREDITORS
Amounts falling due after more than one
year

7

(515,086

)

(512,047

)
NET LIABILITIES (47,393 ) (38,695 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 (47,394 ) (38,696 )
SHAREHOLDERS' FUNDS (47,393 ) (38,695 )

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 director acknowledges his 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.

WELLHOLT LIMITED (REGISTERED NUMBER: 11760978)

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 23 January 2025 and were signed by:





Y Friedman - Director


WELLHOLT LIMITED (REGISTERED NUMBER: 11760978)

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

1. STATUTORY INFORMATION

WELLHOLT 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 represents net rent receivable, excluding value added tax.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 718,288
NET BOOK VALUE
At 31 January 2024 718,288
At 31 January 2023 718,288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 10,000 10,200
Prepayments - 1,667
10,000 11,867

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 259,431 256,100
Accrued expenses 1,560 1,530
260,991 257,630

WELLHOLT LIMITED (REGISTERED NUMBER: 11760978)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 8) 481,112 471,611
Other loans (see note 8) 33,974 40,436
515,086 512,047

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 481,112 471,611

Repayable by instalments
Other loans more 5yrs instal 33,974 40,436

8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 481,112 471,611

Repayable by instalments
Other loans more 5yrs instal 33,974 40,436

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 481,112 471,611
Other loans 33,974 40,436
515,086 512,047

1.Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

2. Under the bank loan, £33,974 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

WELLHOLT LIMITED (REGISTERED NUMBER: 11760978)

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

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Retained
earnings
£   

At 1 February 2023 (38,696 )
Deficit for the year (8,698 )
At 31 January 2024 (47,394 )

12. ULTIMATE CONTROLLING PARTY

The controlling party is Y Friedman.