Company Registration No. 10748561 (England and Wales)
The Welcoming Home Uk Ltd
Unaudited financial statements
for the year ended 31 October 2024
The Welcoming Home Uk Ltd
Unaudited financial statements
Contents
The Welcoming Home Uk Ltd
Company Information
for the year ended 31 October 2024
Director
Matthew J Newnham
Company Number
10748561 (England and Wales)
Registered Office
59 Gainsborough Road
Basingstoke
Hampshire
RG21 3EQ
England
Accountants
Gladstone & Co. Accountants
75 Creighton Avenue
East Ham
London
E6 3DT
Accountants' report on the preparation of the unaudited statutory statements of The Welcoming Home Uk Ltd (The Company) for the year ended 31 October 2024
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 October 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated 17 February 2025. Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the year ended 31 October 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Gladstone & Co. Accountants
Financial Accountants
75 Creighton Avenue
East Ham
London
E6 3DT
17 February 2025
The Welcoming Home Uk Ltd
Statement of financial position
as at 31 October 2024
Investment property
725,000
594,851
Cash at bank and in hand
613
1,494
Creditors: amounts falling due within one year
(147,001)
(154,861)
Net current liabilities
(146,388)
(153,367)
Total assets less current liabilities
578,612
441,484
Creditors: amounts falling due after more than one year
(442,952)
(435,464)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
106,229
6,019
Shareholders' funds
106,230
6,020
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 17 February 2025 and were signed on its behalf by
Matthew J Newnham
Director
Company Registration No. 10748561
The Welcoming Home Uk Ltd
Notes to the Accounts
for the year ended 31 October 2024
The Welcoming Home Uk Ltd is a private company, limited by shares, registered in England and Wales, registration number 10748561. The registered office is 59 Gainsborough Road, Basingstoke, Hampshire, RG21 3EQ, 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.
Fair value at 1 November 2023
594,851
Net gain from fair value adjustments
130,149
At 31 October 2024
725,000
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account.
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
44
Loans from directors
146,366
154,036
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
442,952
435,464
The Welcoming Home Uk Ltd
Notes to the Accounts
for the year ended 31 October 2024
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
154,036
1,952
9,622
146,366
154,036
1,952
9,622
146,366
At the balance sheet date, the company owed to director £146,366 (2023: £154,036) and no interest was charged to the outstanding amounts. There are no formal terms attached to the director loans.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).