Registered number
08407344
WJH Property & Investment Ltd
Filleted Accounts
31 January 2025
WJH Property & Investment Ltd
Registered number: 08407344
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 890,000 752,500
Current assets
Debtors 5 3,111 4,671
Investments held as current assets 6 16 15
Cash at bank and in hand 1,116 2,603
4,243 7,289
Creditors: amounts falling due within one year 7 (391,113) (335,536)
Net current liabilities (386,870) (328,247)
Total assets less current liabilities 503,130 424,253
Creditors: amounts falling due after more than one year 8 (112,934) (115,489)
Net assets 390,196 308,764
Capital and reserves
Called up share capital 100 100
Revaluation reserve 9 269,456 186,331
Profit and loss account 120,640 122,333
Shareholders' funds 390,196 308,764
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.
W Hickinbotham
Director
Approved by the board on 17 February 2025
WJH Property & Investment Ltd
Notes to the Accounts
for the year ended 31 January 2025
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.
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 25,000
At 31 January 2025 25,000
Amortisation
At 1 February 2024 25,000
At 31 January 2025 25,000
Net book value
At 31 January 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2024 752,500
At 31 January 2025 890,000
Depreciation
At 31 January 2025 -
Net book value
At 31 January 2025 890,000
At 31 January 2024 752,500
5 Debtors 2025 2024
£ £
Other debtors 3,111 4,671
6 Investments held as current assets 2025 2024
£ £
Fair value
Unlisted investments 16 15
7 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 7,056 7,056
Directors Loan Account 364,584 304,319
Taxation and social security costs 4,473 2,911
Other creditors 15,000 21,250
391,113 335,536
8 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 112,934 115,489
9 Revaluation reserve 2025 2024
£ £
At 1 February 2024 186,331 186,331
At 31 January 2025 269,456 186,331
10 Other information
WJH Property & Investment Ltd is a private company limited by shares and incorporated in England. Its registered office is:
13a Pelham Street
Ilkeston
Derbyshire
DE7 8AR
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