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
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
Wallgate Properties Limited
Statement of financial position
as at 30 April 2024
Investment property
777,869
777,869
Cash at bank and in hand
20,758
17,747
Creditors: amounts falling due within one year
(11,626)
(8,546)
Net current assets
61,685
54,889
Net assets
839,554
832,758
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
Wallgate Properties Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Fair value at 1 May 2023
777,869
The directors consider that market value is not materially different to cost.
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
Wallgate Properties Limited
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,875
4,843
Loans from directors
826
317
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).