REGISTERED NUMBER: |
WEXHAM PARK HALL LTD |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 September 2023 |
Revaluations | ( |
) |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
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 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Other creditors |
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. |