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REGISTERED NUMBER: 01166416 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Waltham Cross Motor Cycles Limited

Waltham Cross Motor Cycles Limited (Registered number: 01166416)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Waltham Cross Motor Cycles Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: P R Lock





SECRETARY: P R Lock





REGISTERED OFFICE: 147a High Street
Waltham Cross
Hertfordshire
EN8 7AP





REGISTERED NUMBER: 01166416 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Waltham Cross Motor Cycles Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Waltham Cross Motor Cycles Limited for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Waltham Cross Motor Cycles Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Waltham Cross Motor Cycles Limited and state those matters that we have agreed to state to the director of Waltham Cross Motor Cycles Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waltham Cross Motor Cycles Limited and its director for our work or for this report.

It is your duty to ensure that Waltham Cross Motor Cycles Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Waltham Cross Motor Cycles Limited. You consider that Waltham Cross Motor Cycles Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Waltham Cross Motor Cycles Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP


Date: .............................................

Waltham Cross Motor Cycles Limited (Registered number: 01166416)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 658,818 658,818

CURRENT ASSETS
Debtors 5 6,500 6,500
Cash at bank 64,896 50,375
71,396 56,875
CREDITORS
Amounts falling due within one year 6 (30,918 ) (35,744 )
NET CURRENT ASSETS 40,478 21,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

699,296

679,949

PROVISIONS FOR LIABILITIES (88,515 ) (88,515 )
NET ASSETS 610,781 591,434

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 512,740 512,740
Other reserves 8 2,151 2,151
Retained earnings 8 95,790 76,443
SHAREHOLDERS' FUNDS 610,781 591,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Waltham Cross Motor Cycles Limited (Registered number: 01166416)

Statement of Financial Position - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2025 and were signed by:





P R Lock - Director


Waltham Cross Motor Cycles Limited (Registered number: 01166416)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Waltham Cross Motor Cycles Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property, being property held to earn rentals or for capital appreciation or both, is measured initially at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

Waltham Cross Motor Cycles Limited (Registered number: 01166416)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 658,818
NET BOOK VALUE
At 30 September 2024 658,818
At 30 September 2023 658,818

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2018 494,437
Valuation in 2022 106,818
Cost 57,563
658,818

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 57,563 57,563

Investment property was valued on an open market basis on 30 September 2022 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,500 6,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,538 9,424
Other creditors 26,380 26,320
30,918 35,744

Waltham Cross Motor Cycles Limited (Registered number: 01166416)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained Revaluation Other
earnings reserve reserves Totals
£    £    £    £   

At 1 October 2023 76,443 512,740 2,151 591,334
Profit for the year 19,347 19,347
At 30 September 2024 95,790 512,740 2,151 610,681