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REGISTERED NUMBER: 06978817 (England and Wales)












WEXHAM PARK HALL LTD

Unaudited Financial Statements for the Year Ended 31 August 2024






WEXHAM PARK HALL LTD (REGISTERED NUMBER: 06978817)






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


WEXHAM PARK HALL LTD

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr C I M Clark
Mr R Kucheria





REGISTERED OFFICE: Wexham Park Hall
Wexham Street
Stoke Poges
Buckinghamshire
SL3 6NB





REGISTERED NUMBER: 06978817 (England and Wales)





ACCOUNTANTS: Cottrill Mason Ltd
13 Vansittart Estate
Windsor
Berkshire
SL4 1SE

WEXHAM PARK HALL LTD (REGISTERED NUMBER: 06978817)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 768,000 950,000

CURRENT ASSETS
Debtors 5 1,277 3,212
Cash at bank 8,540 6,266
9,817 9,478
CREDITORS
Amounts falling due within one year 6 15,970 20,557
NET CURRENT LIABILITIES (6,153 ) (11,079 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

761,847

938,921

CREDITORS
Amounts falling due after more than one year 7 960,519 969,375
NET LIABILITIES (198,672 ) (30,454 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (198,772 ) (30,554 )
(198,672 ) (30,454 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

WEXHAM PARK HALL LTD (REGISTERED NUMBER: 06978817)

Balance Sheet - continued
31 August 2024


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 12 March 2025 and were signed on its behalf by:




Mr R Kucheria - Director



Mr C I M Clark - Director


WEXHAM PARK HALL LTD (REGISTERED NUMBER: 06978817)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Wexham Park Hall Ltd 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 7 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 September 2023 950,000
Revaluations (182,000 )
At 31 August 2024 768,000
NET BOOK VALUE
At 31 August 2024 768,000
At 31 August 2023 950,000

WEXHAM PARK HALL LTD (REGISTERED NUMBER: 06978817)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INVESTMENT PROPERTY - continued

Cost or valuation at 31 August 2024 is represented by:
£   
Valuation in 2022 950,000
Valuation in 2024 (182,000 )
768,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 1,015,927 1,015,927

Investment property was valued on an open market basis on 15 February 2024 by Martin DeVarga, Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,277 110
Other debtors - 3,102
1,277 3,212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 3,411 3,961
Other creditors 12,559 16,596
15,970 20,557

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 960,519 969,375

WEXHAM PARK HALL LTD (REGISTERED NUMBER: 06978817)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. RELATED PARTY DISCLOSURES

At the year end a total balance of £960,519 (2023: £969,375 was payable to /(due from) the related parties as shown below.
31.08.24 31.08.23
Directors £    £

Dr K Barakat (39,391 ) 9,000
Mr C I M Clark 307,880 162,880
Mr R K Dega 2,621 11,980
Mr R Kucheria 279,265 164,265
Dr S D Rex (73,028 ) 32,880


Corporate related parties

Dr Khalid Barakat Limited - (controlled by Dr K B Barakat) 75,180 73,880
R. K. Dega Limited - (controlled by Mr R K Dega) 33,012 278,195
Dr Stephen Rex Limited - (controlled by Dr S D Rex) 109.000 109,000
Castleview Clinic Ltd (under significant influence by Mr R Kucheria) 265,980 127,295

960,519 969,375

At the year end, Dr Khalid Barakat Limited was owed £75,180 (2023: £73,880), a company in which Dr K Barakat is also a director. This loan was on an interest free basis and is included within other creditors falling due after more than one year.

At the year end, Dr Stephen Rex Limited was owed £109,000 (2023: £109,000), a company in which Dr S D Rex is also a director. This loan was on an interest free basis and is included within other creditors falling due after more than one year.

At the year end, R K Dega Limited was owed £33,012 (2023: £278,195), a company in which Mr R K Dega is also a director. This loan was on an interest free basis and is included within other creditors falling due after more than one year.

During the year, rent and service charges amounting to £5,949 (2023: £6,056) were invoiced to R K Dega Limited. At the year end, an amount of £NIL (2023: £NIL) was due to Wexham Park Hall Limited in respect of these transactions.

During the year, rent and service charges amounting to £24,369 (2023: £28,972) were charged to Windsor Foot and Ankle Clinic Limited, a company under the joint control of Mr R K Dega and Mr C I M Clark. At the year end £1,049 (2023: £NIL) was due to Wexham Park Hall Limited in respect of these transactions.