Company Registration No. 14205884 (England and Wales)
Well Investments Ltd
Unaudited accounts
for the year ended 30 June 2024
Well Investments Ltd
Unaudited accounts
Contents
Well Investments Ltd
Company Information
for the year ended 30 June 2024
Directors
Vyas Bikuntidat
Srilakshmi Goberdhan
Secretary
Yogesh Nathdwarawala
Company Number
14205884 (England and Wales)
Registered Office
Oak House Oak House
Coedkernew
Newport
NP10 8BD
Wales
Accountants
Nathan Evans Limited
16 Cambrian Way
Marshfield
Cardiff
CF3 2WB
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Well Investments Ltd for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Well Investments Ltd for the year ended
30 June 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Nathan Evans Limited
Chartered Accountants
16 Cambrian Way
Marshfield
Cardiff
CF3 2WB
17 March 2025
Well Investments Ltd
Statement of financial position
as at 30 June 2024
Called up share capital not paid
1,100,000
1,100,000
Tangible assets
909,463
928,243
Cash at bank and in hand
44,230
31,000
Creditors: amounts falling due within one year
(39,045)
(33,703)
Net current assets/(liabilities)
6,428
(1,460)
Total assets less current liabilities
2,015,891
2,026,783
Creditors: amounts falling due after more than one year
(1,013,250)
(965,000)
Net assets
1,002,641
1,061,783
Called up share capital
1,100,000
1,100,000
Profit and loss account
(97,359)
(38,217)
Shareholders' funds
1,002,641
1,061,783
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by
Vyas Bikuntidat
Director
Company Registration No. 14205884
Well Investments Ltd
Notes to the Accounts
for the year ended 30 June 2024
Well Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 14205884. The registered office is Oak House Oak House, Coedkernew, Newport, NP10 8BD, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
4
Tangible fixed assets
Land & buildings
Charge for the year
18,780
Amounts falling due within one year
Well Investments Ltd
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
20,923
29,525
Taxes and social security
200
-
Loans from directors
422
324
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
1,013,250
965,000
Loans from shareholders have been provided for a period of up to 10 years. Interest at 5% is payable on the loans on an annual basis.
8
Transactions with related parties
The directors believe that there is no individual controlling party.
9
Post balance sheet events
On 20 November 2024, the Company allotted 10 Ordinary shares of £1.
The issued share capital of the Company was then reduced from £1,100,010 to £10 by the cancellation of 11 Ordinary shares of £100,000 of the Company.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).