0 28 January 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,007,733 604,459 2,612,192 2,612,192 2,007,733 xbrli:pure xbrli:shares iso4217:GBP 03243158 2023-05-01 2024-04-30 03243158 2024-04-30 03243158 2023-04-30 03243158 2022-05-01 2023-04-30 03243158 2023-04-30 03243158 2022-04-30 03243158 bus:Director2 2023-05-01 2024-04-30 03243158 core:WithinOneYear 2024-04-30 03243158 core:WithinOneYear 2023-04-30 03243158 core:ShareCapital 2024-04-30 03243158 core:ShareCapital 2023-04-30 03243158 core:RetainedEarningsAccumulatedLosses 2024-04-30 03243158 core:RetainedEarningsAccumulatedLosses 2023-04-30 03243158 bus:SmallEntities 2023-05-01 2024-04-30 03243158 bus:Audited 2023-05-01 2024-04-30 03243158 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03243158 bus:EntityHasNeverTraded 2023-05-01 2024-04-30 03243158 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03243158 bus:FullAccounts 2023-05-01 2024-04-30 03243158 core:ConstructionInProgressAssetsUnderConstruction 2023-04-30 03243158 core:ConstructionInProgressAssetsUnderConstruction 2023-05-01 2024-04-30 03243158 core:ConstructionInProgressAssetsUnderConstruction 2024-04-30
COMPANY REGISTRATION NUMBER: 03243158
WELTONVALE ARCHES LIMITED
Filleted Financial Statements
30 April 2024
WELTONVALE ARCHES LIMITED
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
2,612,192
2,007,733
Current assets
Debtors
5
8,328
56,695
Cash at bank and in hand
84
42
-------
--------
8,412
56,737
Creditors: amounts falling due within one year
6
3,173,739
2,239,916
------------
------------
Net current liabilities
3,165,327
2,183,179
------------
------------
Total assets less current liabilities
( 553,135)
( 175,446)
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 553,137)
( 175,448)
---------
---------
Shareholders deficit
( 553,135)
( 175,446)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
Mr G Harris
Director
Company registration number: 03243158
WELTONVALE ARCHES LIMITED
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Maltings Place, 169 Tower Bridge Road, London, England, SE1 3JB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis. The company's ability to continue to trade is dependent upon the support of the director Mr Graham Harris and London & City Group Holdings Ltd group of companies.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
4. Tangible assets
Assets under construction
Total
£
£
Cost
At 1 May 2023
2,007,733
2,007,733
Additions
604,459
604,459
------------
------------
At 30 April 2024
2,612,192
2,612,192
------------
------------
Depreciation
At 1 May 2023 and 30 April 2024
------------
------------
Carrying amount
At 30 April 2024
2,612,192
2,612,192
------------
------------
At 30 April 2023
2,007,733
2,007,733
------------
------------
5. Debtors
2024
2023
£
£
Other debtors
8,328
56,695
-------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,019
88,367
Amounts owed to group undertakings and undertakings in which the company has a participating interest
3,165,720
2,151,549
------------
------------
3,173,739
2,239,916
------------
------------
7. Summary audit opinion
The auditor's report dated 28 January 2025 was unqualified .
The senior statutory auditor was Gary Sargeant FCA , for and on behalf of Sargeant Partnership LLP .
8. Related party transactions
Capture Design & Build Limited is a related party by virtue of being T Ashby, a director of a subsidiary entity of London and City Group Holdings Limited. During the year invoices of £604,460 (2023 - £1,195,303) were raised by Capture Design & Build Limited and at the yearend a balance of £8,020 (2023 - £88,367) was due to Capture Design & Build Limited. The company has taken advantage of the exemption available under FRS 102 paragraph 33.1a whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.
9. Controlling party
The company is under the control of London and City Group Holdings Limited, a company registered in England & Wales, the accounts of which are available from 1 Maltings Place, 169 Tower Bridge Road, SE1 3JB . The results of the company are included in the consolidated accounts of London & City Group Holdings Limited.