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REGISTERED NUMBER: 11077684 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Webb & Webb Properties Limited

Webb & Webb Properties Limited (Registered number: 11077684)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Webb & Webb Properties Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J W R Webb





REGISTERED OFFICE: 133 Columbia Road
London
E2 7DX





REGISTERED NUMBER: 11077684 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Webb & Webb Properties Limited (Registered number: 11077684)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 12,500 9,740
Investment property 6 425,000 425,000
437,500 434,740

CURRENT ASSETS
Debtors 7 333 3,500
Cash at bank 81,362 71,749
81,695 75,249
CREDITORS
Amounts falling due within one year 8 439,671 438,417
NET CURRENT LIABILITIES (357,976 ) (363,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,524

71,572

PROVISIONS FOR LIABILITIES 9 18,572 11,740
NET ASSETS 60,952 59,832

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 46,340 50,047
Retained earnings 11 14,611 9,784
SHAREHOLDERS' FUNDS 60,952 59,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Webb & Webb Properties Limited (Registered number: 11077684)

Balance Sheet - continued
31 July 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 3 February 2025 and were signed by:





J W R Webb - Director


Webb & Webb Properties Limited (Registered number: 11077684)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Webb & Webb Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Webb & Webb Properties Limited (Registered number: 11077684)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023 16,751
Additions 5,279
At 31 July 2024 22,030
DEPRECIATION
At 1 August 2023 7,011
Charge for year 2,519
At 31 July 2024 9,530
NET BOOK VALUE
At 31 July 2024 12,500
At 31 July 2023 9,740

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 425,000
NET BOOK VALUE
At 31 July 2024 425,000
At 31 July 2023 425,000

The investment property is valued annually by the director on an open market existing use basis.

The historical cost of the investment property amounts to £363,212.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 333 3,500

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed to connected company 93,420 93,420
Taxation and social security 2,040 786
Other creditors 344,211 344,211
439,671 438,417

Webb & Webb Properties Limited (Registered number: 11077684)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 18,572 11,740

Deferred
tax
£   
Balance at 1 August 2023 11,740
Provided during year 6,832
Balance at 31 July 2024 18,572

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2023 9,784 50,047 59,831
Profit for the year 1,120 1,120
Deferred taxation 3,707 (3,707 ) -
At 31 July 2024 14,611 46,340 60,951