2023-06-012024-05-312024-05-31false10172723WB (NEWTON ABBOT) 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WB (NEWTON ABBOT) LIMITED

Registered Number
10172723
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

WB (NEWTON ABBOT) LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

Q G D Bull
MBC BM LIMITED

Registered Address

3 Coldbath Square
London
EC1R 5HL

Registered Number

10172723 (England and Wales)
WB (NEWTON ABBOT) LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property33,433,689-
3,433,689-
Current assets
Debtors447,826-
Cash at bank and on hand11
47,8271
Creditors amounts falling due within one year5(1,317,777)-
Net current assets (liabilities)(1,269,950)1
Total assets less current liabilities2,163,7391
Creditors amounts falling due after one year6(2,240,000)-
Net assets(76,261)1
Capital and reserves
Called up share capital11
Profit and loss account(76,262)-
Shareholders' funds(76,261)1
The financial statements were approved and authorised for issue by the Board of Directors on 14 April 2025, and are signed on its behalf by:
Q G D Bull
Director
Registered Company No. 10172723
WB (NEWTON ABBOT) LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with Section 1A of Financial Reporting Standard 102 and Companies Act 2006 as these apply to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: • the amount of revenue can be measured reliably; • it is probable that the Company will receive the consideration due under the contract; • the stage of completion of the contract at the end of the reporting period can be measured reliably; and • the costs incurred and the costs to complete the contract can be measured reliably.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees
The average number of employees includes directors.

20242023
Average number of employees during the year20
3.Investment property

£
Additions3,433,689
At 31 May 243,433,689
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables17,021-
Other debtors9,669-
Prepayments and accrued income21,136-
Total47,826-
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables21,150-
Amounts owed to related parties1,285,370-
Other creditors438-
Accrued liabilities and deferred income10,819-
Total1,317,777-
6.Creditors: amounts due after one year

2024

2023

££
Other creditors2,240,000-
Total2,240,000-
7.Related party transactions
The Company has taken advantage of the exemption provided under FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.
8.Controlling party
The ultimate controlling parties are Mr Q Bull and Mrs P Bull through their control of majority shareholder Bull MBC FIC Limited.
9.Parent-subsidiary relationships
The immediate parent of the company is MBC BM Limited and the ultimate parent company is Bull MBC FIC Limited. Both companies' are registered at 3 Coldbath Square, London, EC1R 5HL.