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Company Registration No. 03356692 (England and Wales)
Wallgate Properties Limited Unaudited accounts for the year ended 30 April 2024
Wallgate Properties Limited Unaudited accounts Contents
Page
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Wallgate Properties Limited Company Information for the year ended 30 April 2024
Directors
Mrs K H Bibby Miss N E Bibby
Company Number
03356692 (England and Wales)
Registered Office
FIRST FLOOR MEEKS BUILDING ROWBOTTOM SQUARE WIGAN LANCASHIRE WN1 1LN ENGLAND
Accountants
P A Hull & Co Beech House 23 Ladies Lane Hindley, Wigan Lancashire WN2 2QA
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Wallgate Properties Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
777,869 
777,869 
Current assets
Debtors
52,553 
45,688 
Cash at bank and in hand
20,758 
17,747 
73,311 
63,435 
Creditors: amounts falling due within one year
(11,626)
(8,546)
Net current assets
61,685 
54,889 
Net assets
839,554 
832,758 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
839,454 
832,658 
Shareholders' funds
839,554 
832,758 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by
Mrs K H Bibby Director Company Registration No. 03356692
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Wallgate Properties Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Wallgate Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03356692. The registered office is FIRST FLOOR MEEKS BUILDING, ROWBOTTOM SQUARE, WIGAN, LANCASHIRE, WN1 1LN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 May 2023
777,869 
At 30 April 2024
777,869 
The directors consider that market value is not materially different to cost.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,033 
(3,065)
Accrued income and prepayments
(3,938)
8,250 
Other debtors
52,458 
40,503 
52,553 
45,688 
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Wallgate Properties Limited Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,692 
1,635 
Taxes and social security
5,875 
4,843 
Other creditors
1,503 
267 
Loans from directors
826 
317 
Accruals
730 
1,484 
11,626 
8,546 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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