Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetrue2023-04-01false3No description of principal activity3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12938441 2023-04-01 2024-03-31 12938441 2022-04-01 2023-03-31 12938441 2024-03-31 12938441 2023-03-31 12938441 c:Director1 2023-04-01 2024-03-31 12938441 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 12938441 d:FreeholdInvestmentProperty 2024-03-31 12938441 d:CurrentFinancialInstruments 2024-03-31 12938441 d:CurrentFinancialInstruments 2023-03-31 12938441 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12938441 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12938441 d:ShareCapital 2024-03-31 12938441 d:ShareCapital 2023-03-31 12938441 d:RetainedEarningsAccumulatedLosses 2024-03-31 12938441 d:RetainedEarningsAccumulatedLosses 2023-03-31 12938441 c:FRS102 2023-04-01 2024-03-31 12938441 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12938441 c:FullAccounts 2023-04-01 2024-03-31 12938441 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12938441 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12938441









WELL HOUSE PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
WELL HOUSE PROPERTIES LIMITED
REGISTERED NUMBER: 12938441

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,544,160
-

  
1,544,160
-

Current assets
  

Debtors: amounts falling due within one year
 5 
16,846
350,000

Cash at bank and in hand
 6 
-
100

  
16,846
350,100

Creditors: amounts falling due within one year
 7 
(1,563,434)
(350,000)

Net current (liabilities)/assets
  
 
 
(1,546,588)
 
 
100

Total assets less current liabilities
  
(2,428)
100

  

Net (liabilities)/assets
  
(2,428)
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(2,528)
-

  
(2,428)
100


Page 1

 
WELL HOUSE PROPERTIES LIMITED
REGISTERED NUMBER: 12938441
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



N J Jones
Director

Date: 4 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WELL HOUSE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Well House Properties Limited is a private company, limited by shares, incorporated in England and Wales (registration number: 12938441). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The principal activity of the Company is that of property investment.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at 31 March 2024, the Company had net liabilities of £2,428. The directors and shareholders have indicated their present intention to provide adequate finance to enable the Company to continue in operational existence, and on this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
WELL HOUSE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
WELL HOUSE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,544,160



At 31 March 2024
1,544,160

The 2024 valuations were made by the directors, on an open market value for existing use basis.



At 31 March 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,544,160
-

1,544,160
-


5.


Debtors

2024
2023
£
£


Trade debtors
15,000
-

Other debtors
-
350,000

Prepayments and accrued income
1,846
-

16,846
350,000



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
100

-
100


Page 5

 
WELL HOUSE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,131
-

Other taxation and social security
1,978
-

Other creditors
1,543,900
350,000

Accruals and deferred income
12,425
-

1,563,434
350,000


 
Page 6