2 2 Wardland Property Limited 10491661 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is Property Rental Digita Accounts Production Advanced 6.30.9574.0 true 10491661 2023-12-01 2024-11-30 10491661 2024-11-30 10491661 core:RetainedEarningsAccumulatedLosses 2024-11-30 10491661 core:ShareCapital 2024-11-30 10491661 core:CurrentFinancialInstruments 2024-11-30 10491661 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 10491661 bus:SmallEntities 2023-12-01 2024-11-30 10491661 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 10491661 bus:FullAccounts 2023-12-01 2024-11-30 10491661 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10491661 bus:RegisteredOffice 2023-12-01 2024-11-30 10491661 bus:Director1 2023-12-01 2024-11-30 10491661 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10491661 countries:EnglandWales 2023-12-01 2024-11-30 10491661 2023-11-30 10491661 2022-12-01 2023-11-30 10491661 2023-11-30 10491661 core:RetainedEarningsAccumulatedLosses 2023-11-30 10491661 core:ShareCapital 2023-11-30 10491661 core:CurrentFinancialInstruments 2023-11-30 10491661 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 xbrli:pure iso4217:GBP

Registration number: 10491661

Wardland Property Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Wardland Property Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Wardland Property Limited

(Registration number: 10491661)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

476,546

476,546

Investments

5

2

-

 

476,548

476,546

Current assets

 

Debtors

6

2,349

2,336

Cash at bank and in hand

 

257

13,249

 

2,606

15,585

Creditors: Amounts falling due within one year

7

(67,701)

(97,608)

Net current liabilities

 

(65,095)

(82,023)

Net assets

 

411,453

394,523

Capital and reserves

 

Called up share capital

100

100

Retained earnings

411,353

394,423

Shareholders' funds

 

411,453

394,523

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Wardland Property Limited

(Registration number: 10491661)
Balance Sheet as at 30 November 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2025 and signed on its behalf by:
 

.........................................
Mr M P Ward
Director

 

Wardland Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Wardland Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Tax

The tax expense for the period comprises current tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 December

476,546

At 30 November

476,546

The Director does not believe that it was commercially viable to revalue the property at the balance sheet date and so the property is currently held on the Balance Sheet at cost.

5

Investments

2024
£

2023
£

Investments in associates

2

-

6

Debtors

Current

2024
£

2023
£

Other debtors

2,349

2,336

 

2,349

2,336

 

Wardland Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

67,701

97,608