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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
Page
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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
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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
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Well Investments Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
1,100,000 
1,100,000 
Fixed assets
Tangible assets
909,463 
928,243 
Current assets
Debtors
1,243 
1,243 
Cash at bank and in hand
44,230 
31,000 
45,473 
32,243 
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 
Capital and reserves
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
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Well Investments Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 July 2023
938,996 
At 30 June 2024
938,996 
Depreciation
At 1 July 2023
10,753 
Charge for the year
18,780 
At 30 June 2024
29,533 
Net book value
At 30 June 2024
909,463 
At 30 June 2023
928,243 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,243 
1,243 
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Well Investments Ltd Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(838)
2,534 
Trade creditors
20,923 
29,525 
Taxes and social security
200 
- 
Loans from directors
422 
324 
Accruals
18,338 
1,320 
39,045 
33,703 
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).
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