REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2024 |
FOR |
WAMM INVESTMENTS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2024 |
FOR |
WAMM INVESTMENTS LTD |
WAMM INVESTMENTS LTD (REGISTERED NUMBER: 14270728) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
WAMM INVESTMENTS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
WAMM INVESTMENTS LTD (REGISTERED NUMBER: 14270728) |
BALANCE SHEET |
31 AUGUST 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | 8 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his 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. |
WAMM INVESTMENTS LTD (REGISTERED NUMBER: 14270728) |
BALANCE SHEET - continued |
31 AUGUST 2024 |
The financial statements were approved by the director and authorised for issue on |
WAMM INVESTMENTS LTD (REGISTERED NUMBER: 14270728) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2024 |
1. | STATUTORY INFORMATION |
Wamm Investments Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the total value of management charges invoiced to clients during the financial year, excluding Value Added Tax. Revenue is recognised when the services have been provided, and the corresponding invoice has been issued, in accordance with the terms of the service agreement. |
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. |
Debtors |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
Creditors |
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
WAMM INVESTMENTS LTD (REGISTERED NUMBER: 14270728) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2024 |
2. | ACCOUNTING POLICIES - continued |
Investments |
Investments are recognised at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Interest |
in other |
participating |
interests |
£ |
COST |
At 1 September 2023 | 49 |
Additions | 38 |
At 31 August 2024 | 87 |
NET BOOK VALUE |
At 31 August 2024 | 87 |
At 31 August 2023 | 49 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Granville Hall, Granville Road, Leicester, LE1 7RU |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Granville Hall, Granville Road, Leicester, LE1 7RU |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Granville Hall, Granville Road, Leicester, LE1 7RU |
Nature of business: |
% |
Class of shares: | holding |
WAMM INVESTMENTS LTD (REGISTERED NUMBER: 14270728) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 149 | 149 |
8. | RESERVES |
Retained |
earnings |
£ |
At 1 September 2023 | ( |
) |
Profit for the year |
Dividends | ( |
) |
At 31 August 2024 |
9. | RELATED PARTY DISCLOSURES |
Dividends totalling £611,212 (2023 - £120,776) were received from Welford Healthcare Limited. |
Dividends totalling £200,000 (2023 - £nil) were received from Welford Healthcare CHH Limited. |
Within other debtors there is a balance totalling £679,962 (2023 - £Nil) owed by Welford Healthcare CHH Limited. WAMM Investments holds a 38% shareholding in Welford Healthcare CHH Limited. |
Within other debtors there is a balance totalling £85,000 (2023 - £Nil) owed by Welford Healthcare Limited. WAMM Investments holds a 11% shareholding in Welford Healthcare Limited. |