Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Neil Waspe 16/08/2019 Philip Anthony Waspe 16/08/2019 21 January 2025 The principal activity of the company was that of the buying, selling and letting of property. In the year under review, the property was sold and the company will be wound up. 12160850 2024-10-31 12160850 bus:Director1 2024-10-31 12160850 bus:Director2 2024-10-31 12160850 2023-10-31 12160850 core:CurrentFinancialInstruments 2024-10-31 12160850 core:CurrentFinancialInstruments 2023-10-31 12160850 core:ShareCapital 2024-10-31 12160850 core:ShareCapital 2023-10-31 12160850 core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 12160850 core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 12160850 core:RetainedEarningsAccumulatedLosses 2024-10-31 12160850 core:RetainedEarningsAccumulatedLosses 2023-10-31 12160850 core:InvestmentPropertyIncludedWithinPPE 2023-10-31 12160850 core:InvestmentPropertyIncludedWithinPPE 2024-10-31 12160850 2022-10-31 12160850 bus:OrdinaryShareClass1 2024-10-31 12160850 bus:OrdinaryShareClass2 2024-10-31 12160850 2023-11-01 2024-10-31 12160850 bus:FilletedAccounts 2023-11-01 2024-10-31 12160850 bus:SmallEntities 2023-11-01 2024-10-31 12160850 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12160850 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12160850 bus:Director1 2023-11-01 2024-10-31 12160850 bus:Director2 2023-11-01 2024-10-31 12160850 2022-11-01 2023-10-31 12160850 core:InvestmentPropertyIncludedWithinPPE 2023-11-01 2024-10-31 12160850 1 2023-11-01 2024-10-31 12160850 1 2022-11-01 2023-10-31 12160850 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 12160850 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 12160850 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 12160850 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12160850 (England and Wales)

WASPE PROPERTY INVESTMENTS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH THE REGISTRAR

WASPE PROPERTY INVESTMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024

Contents

WASPE PROPERTY INVESTMENTS LTD

BALANCE SHEET

AS AT 31 OCTOBER 2024
WASPE PROPERTY INVESTMENTS LTD

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 0 120,000
0 120,000
Current assets
Cash at bank and in hand 5 9,923 1,413
9,923 1,413
Creditors: amounts falling due within one year 6 ( 9,823) ( 83,356)
Net current assets/(liabilities) 100 (81,943)
Total assets less current liabilities 100 38,057
Provision for liabilities 7, 8 0 ( 6,764)
Net assets 100 31,293
Capital and reserves
Called-up share capital 9 100 100
Fair value reserve 0 28,838
Profit and loss account 0 2,355
Total shareholders' funds 100 31,293

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Waspe Property Investments Ltd (registered number: 12160850) were approved and authorised for issue by the Board of Directors on 21 January 2025. They were signed on its behalf by:

Neil Waspe
Director
WASPE PROPERTY INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
WASPE PROPERTY INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Waspe Property Investments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Clifton House, Bunnian Place, Basingstoke, RG21 7JE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In 2024 the directors made the decision that the Company would cease trading and that the investment property would be sold. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property not depreciated

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Provisions

Provisions are recognised when the has a present obligation (legal or constructive) as a result of a past event, it is probable that the will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Tangible assets

Investment property Total
£ £
Cost
At 01 November 2023 120,000 120,000
Disposals ( 120,000) ( 120,000)
At 31 October 2024 0 0
Accumulated depreciation
At 01 November 2023 0 0
At 31 October 2024 0 0
Net book value
At 31 October 2024 0 0
At 31 October 2023 120,000 120,000

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 9,923 1,413

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 0 43,000
Amounts owed to directors 3,076 38,554
Accruals 1,305 1,270
Taxation and social security 5,442 532
9,823 83,356

7. Provision for liabilities

2024 2023
£ £
Deferred tax 0 6,764

8. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 6,764) ( 6,764)
Reversed on disposal of investment property 6,764 0
At the end of financial year 0 ( 6,764)

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100