Registered number
08508673
Wentsford Properties Limited
Filleted Accounts
30 September 2024
Wentsford Properties Limited
Registered number: 08508673
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 693,145 695,265
Investments 4 3,001 3,001
696,146 698,266
Current assets
Debtors 5 806,307 1,520,796
Investments held as current assets 6 100,000 -
Cash at bank and in hand 539,324 186,406
1,445,631 1,707,202
Creditors: amounts falling due within one year 7 (15,404) (188,467)
Net current assets 1,430,227 1,518,735
Total assets less current liabilities 2,126,373 2,217,001
Creditors: amounts falling due after more than one year 8 (6,500) (175,000)
Net assets 2,119,873 2,042,001
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 2,118,873 2,041,001
Shareholders' funds 2,119,873 2,042,001
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D N Pollard
Director
Approved by the board on 11 December 2024
Wentsford Properties Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, using the the staright line method of calculation, the rates as follows:
Landlord's plant and machinery 8% straight line
Other plant and machinery 25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 669,105 72,593 741,698
Additions - 233 233
At 30 September 2024 669,105 72,826 741,931
Depreciation
At 1 October 2023 - 46,433 46,433
Charge for the year - 2,353 2,353
At 30 September 2024 - 48,786 48,786
Net book value
At 30 September 2024 669,105 24,040 693,145
At 30 September 2023 669,105 26,160 695,265
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2023 3,001
At 30 September 2024 3,001
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 675,004 1,519,640
Other debtors 131,303 1,156
806,307 1,520,796
6 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 100,000 -
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,572 4,637
Taxation and social security costs 10,100 20,963
Other creditors (268) 162,867
15,404 188,467
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 175,000
Other creditors 6,500 -
6,500 175,000
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr D N Pollard
Loan 1 - 65,074 - 65,074
Mrs R A Pollard
Loan 1 - 65,703 - 65,703
- 130,777 - 130,777
10 Controlling party
The company is under the control of D N Pollard and Mrs R A Pollard.
11 Other information
Wentsford Properties Limited is a private company limited by shares and incorporated in England. Its registered office is First Floor Unit 4, Concept Court, Kettlestring Lane, York YO30 4XF.
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