2023-05-012024-03-312024-03-31false03351022WALKER SINGLETON (PROPERTY MANAGEMENT) 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WALKER SINGLETON (PROPERTY MANAGEMENT) LIMITED

Registered Number
03351022
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

WALKER SINGLETON (PROPERTY MANAGEMENT) LIMITED
Company Information
for the period from 1 May 2023 to 31 March 2024

Directors

BARKER, Ryan Grant
CHAPMAN, Allan Mark
DIAKIW, Paul Michael
HEY, Daniel Charles
WAITES, Benjamin Lawrence

Company Secretary

CLARK, Kathryn

Registered Address

Property House
Lister Lane
Halifax
HX1 5AS

Registered Number

03351022 (England and Wales)
WALKER SINGLETON (PROPERTY MANAGEMENT) LIMITED
Statement of Financial Position
31 March 2024

Notes

31 Mar 2024

30 Apr 2023

£

£

£

£

Fixed assets
Intangible assets39,56414,331
Tangible assets44,7954,941
14,35919,272
Current assets
Debtors5236,602136,973
Cash at bank and on hand67,432155,610
304,034292,583
Creditors amounts falling due within one year6(122,952)(107,245)
Net current assets (liabilities)181,082185,338
Total assets less current liabilities195,441204,610
Creditors amounts falling due after one year7(13,965)(23,274)
Provisions for liabilities8(1,743)(2,489)
Net assets179,733178,847
Capital and reserves
Called up share capital1010
Profit and loss account179,723178,837
Shareholders' funds179,733178,847
The financial statements were approved and authorised for issue by the Board of Directors on 18 February 2025, and are signed on its behalf by:
DIAKIW, Paul Michael
Director
Registered Company No. 03351022
WALKER SINGLETON (PROPERTY MANAGEMENT) LIMITED
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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/or the rendering of services. 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.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of computer software has been set at 5 years and the asset will be amortised on a straight-line basis over that period.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
Trade and other 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.
Trade and other 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.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year88
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 May 2355,34055,340
At 31 March 2455,34055,340
Amortisation and impairment
At 01 May 2341,00941,009
Charge for year4,7674,767
At 31 March 2445,77645,776
Net book value
At 31 March 249,5649,564
At 30 April 2314,33114,331
4.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 May 237,3967,396
Additions1,2261,226
At 31 March 248,6228,622
Depreciation and impairment
At 01 May 232,4552,455
Charge for year1,3721,372
At 31 March 243,8273,827
Net book value
At 31 March 244,7954,795
At 30 April 234,9414,941
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables74,92752,016
Other debtors135,42064,098
Prepayments and accrued income26,25520,859
Total236,602136,973
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,5885,267
Bank borrowings and overdrafts10,1629,951
Taxation and social security21,33012,536
Other creditors78,13475,736
Accrued liabilities and deferred income9,7383,755
Total122,952107,245
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts13,96523,274
Total13,96523,274
8.Provisions for liabilities
The provision for deferred tax is made up of £1,743 in respect of accelerated capital allowances.

2024

2023

££
Net deferred tax liability (asset)1,7432,489
Total1,7432,489
9.Operating lease commitments
At 31st March 2024 the company had future minimum lease payments under non-cancellable operating leases of £130,937 (2023 - £12,864).
10.Related party transactions
Amounts included under Other Debtors totalling £134,762 (2023 - £62,408) and amounts included under Other Creditors totalling £76,923 (2023 - £75,736) are owed from/to related undertakings.