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Registered number: 14143406
Worrall Crossing Property Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Cooper Associates Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14143406
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 225,000 225,000
225,000 225,000
CURRENT ASSETS
Cash at bank and in hand 955 1,566
955 1,566
Creditors: Amounts Falling Due Within One Year 5 (50,617 ) (51,899 )
NET CURRENT ASSETS (LIABILITIES) (49,662 ) (50,333 )
TOTAL ASSETS LESS CURRENT LIABILITIES 175,338 174,667
Creditors: Amounts Falling Due After More Than One Year 6 (180,000 ) (180,000 )
NET LIABILITIES (4,662 ) (5,333 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (4,664 ) (5,335 )
SHAREHOLDERS' FUNDS (4,662) (5,333)
Page 1
Page 2
For the year ending 31 May 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr W Worrall
Director
26th February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Worrall Crossing Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14143406 . The registered office is 5 Church Street, Llandybie, Ammanford, Wales, SA18 3HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is revenue earned from the rent received from investment property owned by the company.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 225,000
The directors have confirmed that there has been no significant change in the valuation of investment property owned by the company from the date of aquisition. Investment property is therefore currently held at cost.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 435 396
Directors' loan accounts 50,182 51,503
50,617 51,899
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 180,000 180,000
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Page 4
7. Secured Creditors
Of the creditors the following amounts are secured. There is a legal charge by Paragon Bank PLC over the investment property owned by the company in relation to the £180,000 creditor due after one year.
2024 2023
£ £
Bank loans and overdrafts 180,000 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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