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Registered Number: 12863323
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 05 March 2025

for

WELLSWORTH PROPERTY LIMITED

 
 
 
£
2025
£
   
£
2024
£
Fixed assets 163,255  163,255 
Current assets 2,299  1,018 
Creditors: amount falling due within one year (78,061) (75,208)
Net current assets/(liabilities) (75,762) (74,190)
Total assets less current liabilities 87,493  89,065 
Creditors: amount falling due after more than one year (106,235) (106,235)
Net assets/(liabilities) (18,742) (17,170)
 
Capital and reserves (18,742) (17,170)
 
  1. For the year ended 05 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Natalie Sarah Worth
Director

Date approved: 23 April 2025
1
Statutory Information
WELLSWORTH PROPERTY LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 12863323, registration address 3 Blacksmiths Close, Thrussington, Leicester, LE7 4UJ, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Financial assets

Cost or Valuation   Investment in property   Total
    £   £
At 06 March 2024   163,255    163,255 
Additions    
At 05 March 2025   163,255    163,255 
Depreciation
At 06 March 2024    
At 05 March 2025    
Net book values
At 05 March 2025   163,255    163,255 
At 06 March 2024   163,255    163,255 
3.

Average number of employees

Average number of employees during the year was 0 (2024: 2).
2