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REGISTERED NUMBER: 08458574 (England and Wales)






















Welton Business Park Limited

Unaudited Financial Statements for the Year Ended 30th June 2024






Welton Business Park Limited (Registered number: 08458574)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Welton Business Park Limited

Company Information
for the year ended 30th June 2024







DIRECTORS: Mrs AME Vanhoonacker
Miss NALD Bean





REGISTERED OFFICE: Westwood House
Annie Med Lane
South Cave
Hull
East Yorkshire
HU15 2HG





REGISTERED NUMBER: 08458574 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Welton Business Park Limited (Registered number: 08458574)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,450,000 1,300,000

CURRENT ASSETS
Debtors 5 81,412 76,083
Cash at bank 248,063 243,568
329,475 319,651
CREDITORS
Amounts falling due within one year 6 113,517 85,298
NET CURRENT ASSETS 215,958 234,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,665,958

1,534,353

PROVISIONS FOR LIABILITIES 187,014 154,113
NET ASSETS 1,478,944 1,380,240

CAPITAL AND RESERVES
Called up share capital 7 3,600 3,600
Retained earnings 1,475,344 1,376,640
SHAREHOLDERS' FUNDS 1,478,944 1,380,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd December 2024 and were signed on its behalf by:



Mrs AME Vanhoonacker - Director


Welton Business Park Limited (Registered number: 08458574)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

Welton Business Park Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Welton Business Park Limited (Registered number: 08458574)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023 1,300,000
Revaluations 150,000
At 30th June 2024 1,450,000
NET BOOK VALUE
At 30th June 2024 1,450,000
At 30th June 2023 1,300,000

Fair value at 30th June 2024 is represented by:
£   
Valuation in 2019 220,000
Valuation in 2021 350,000
Valuation in 2022 100,000
Valuation in 2024 150,000
Cost 630,000
1,450,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,276 64,268
Other debtors 18,136 11,815
81,412 76,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,974 5,288
Taxation and social security 6,054 20,614
Other creditors 101,489 59,396
113,517 85,298

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,800 Ordinary A £1 1,800 1,800
1,800 Ordinary B £1 1,800 1,800
3,600 3,600

Welton Business Park Limited (Registered number: 08458574)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

8. ULTIMATE CONTROLLING PARTY

The company was controlled by the directors by virtue of their majority shareholding in the company.