REGISTERED NUMBER: 04392887 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

WALLER SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S P Waller

Mr A C Waller

Mrs J R Waller

REGISTERED OFFICE:

4 Kings Row

Armstrong Road

Maidstone

Kent

ME15 6AQ

REGISTERED NUMBER:

04392887 (England and Wales)

ACCOUNTANTS:

Mackenzies Accountants Limited

Chartered Accountants

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Investment property

4

1,748,103

1,178,690

CURRENT ASSETS

Debtors

5

2,064

2,513

Cash at bank and in hand

4,539

5,515

6,603

8,028

CREDITORS

Amounts falling due within one year

6

1,694,132

1,142,070

NET CURRENT LIABILITIES

(1,687,529

)

(1,134,042

)

TOTAL ASSETS LESS CURRENT LIABILITIES

60,574

44,648

CAPITAL AND RESERVES

Called up share capital

7

306

306

Retained earnings

60,268

44,342

SHAREHOLDERS' FUNDS

60,574

44,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:

Mr S P Waller - Director

1.	STATUTORY INFORMATION

Waller Services 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.

Investments in subsidiaries

Investments in subsidiary 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 year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2023

1,178,690

Additions

569,413

At 31 July 2024

1,748,103

NET BOOK VALUE

At 31 July 2024

1,748,103

At 31 July 2023

1,178,690

During the year the company acquired two freehold properties - 69 High Street, Sittingbourne, Kent and Unit 4 63 Hight Street Milton Regis, Kent.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,064

-

Prepayments

-

2,513

2,064

2,513

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to associates

1,065,626

515,626

Tax

3,737

1,347

Other creditors

575

903

Directors' current accounts

624,194

624,194

1,694,132

1,142,070

Amounts owed to associates relates to a loan from Waller Associates Limited; a company in which Mr S Waller and Mr A Waller are also directors. The loan is on a commercial basis with a market rate of interest being applied, this will be rolled up when the loan is repaid.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

300

Ordinary

£1

300

300

2

Ordinary A

£1

2

2

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

1

306

306

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are SPME Limited and ALSK Holdings Limited.