REGISTERED NUMBER: |
Unaudited Financial Statements |
for the period |
1st January 2023 to 30th June 2024 |
for |
Wauldby Associates Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the period |
1st January 2023 to 30th June 2024 |
for |
Wauldby Associates Limited |
Wauldby Associates Limited (Registered number: 07476774) |
Contents of the Financial Statements |
for the period 1st January 2023 to 30th June 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 8 |
Wauldby Associates Limited |
Company Information |
for the period 1st January 2023 to 30th June 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Princes House |
Wright Street |
Hull |
East Yorkshire |
HU2 8HX |
BANKERS: |
Merit House |
Priory Park |
Hessle |
East Yorkshire |
HU13 9PB |
Wauldby Associates Limited (Registered number: 07476774) |
Abridged Balance Sheet |
30th June 2024 |
2024 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Fair value reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Wauldby Associates Limited (Registered number: 07476774) |
Abridged Balance Sheet - continued |
30th June 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Wauldby Associates Limited (Registered number: 07476774) |
Notes to the Financial Statements |
for the period 1st January 2023 to 30th June 2024 |
1. | STATUTORY INFORMATION |
Wauldby Associates Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue Recognition |
Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance. |
Part completed contracts at the year-end that fulfil the criteria are included in these financial statements based on their fair value of the right to consideration at the balance sheet date. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the period 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. |
Wauldby Associates Limited (Registered number: 07476774) |
Notes to the Financial Statements - continued |
for the period 1st January 2023 to 30th June 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st January 2023 |
Additions |
Disposals | ( |
) |
At 30th June 2024 |
DEPRECIATION |
At 1st January 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 31st December 2022 |
The net book value of tangible fixed assets includes £ 1,824,896 (2022 - £ 2,701,608 ) in respect of assets held under hire purchase contracts. |
Wauldby Associates Limited (Registered number: 07476774) |
Notes to the Financial Statements - continued |
for the period 1st January 2023 to 30th June 2024 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1st January 2023 |
and 30th June 2024 | 954 |
NET BOOK VALUE |
At 30th June 2024 | 954 |
At 31st December 2022 | 954 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st January 2023 |
Additions |
Revaluations | 1,526,406 |
At 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 31st December 2022 |
Fair value at 30th June 2024 is represented by: |
£ |
Valuation in 2024 | 1,526,406 |
Cost | 2,818,594 |
4,345,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
2024 | 2022 |
£ | £ |
Cost | 2,818,594 | - |
Investment property was valued on an open market basis on 30th June 2024 by external parties and the company director . |
7. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Wauldby Associates Limited (Registered number: 07476774) |
Notes to the Financial Statements - continued |
for the period 1st January 2023 to 30th June 2024 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2022 |
value: | £ | £ |
Ordinary | £1 |
9. | RESERVES |
Fair |
value |
reserve |
£ |
Fair value reserve transfer | 1,526,406 |
Deferred taxation | (381,602 | ) |
At 30th June 2024 |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Wauldby Associates Limited |
The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors 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 Wauldby Associates Limited for the period ended 30th June 2024 which comprise the Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity 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 Board of Directors of Wauldby Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wauldby Associates Limited and state those matters that we have agreed to state to the Board of Directors of Wauldby Associates Limited, as a body, 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 Wauldby Associates Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Wauldby Associates 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 Wauldby Associates Limited. You consider that Wauldby Associates Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Wauldby Associates 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. |
Chartered Accountants |
Princes House |
Wright Street |
Hull |
East Yorkshire |
HU2 8HX |