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Registered number: 14782107









WALWORTH INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
WALWORTH INVESTMENTS LIMITED
REGISTERED NUMBER: 14782107

BALANCE SHEET
AS AT 30 APRIL 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
1,196

Investment property
 5 
583,639

  
584,835

Current assets
  

Debtors: amounts falling due within one year
 6 
96

Cash at bank and in hand
 7 
20,028

  
20,124

Creditors: amounts falling due within one year
 8 
(3,539)

Net current assets
  
 
 
16,585

Total assets less current liabilities
  
601,420

Creditors: amounts falling due after more than one year
  
(593,231)

  

Net assets
  
8,189


Capital and reserves
  

Called up share capital 
  
96

Profit and loss account
  
8,093

  
8,189


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 April 2025.

Page 1

 
WALWORTH INVESTMENTS LIMITED
REGISTERED NUMBER: 14782107
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024




Darren Taylor
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WALWORTH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

Walworth Investments Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 1st floor, 73-81 Southwark Bridge Road, London, Kent, SE1 0NQ. The principal activity of the company during the year has been that of residential rental income. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3

 
WALWORTH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 4

 
WALWORTH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,400



At 30 April 2024

1,400



Depreciation


Charge for the period
204



At 30 April 2024

204



Net book value



At 30 April 2024
1,196


5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
583,639



At 30 April 2024
583,639

The 2024 valuations were made by The Directors, on an open market value for existing use basis.





6.


Debtors

2024
£


Other debtors
96

96


Page 5

 
WALWORTH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
20,028

20,028



8.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
2,039

Accruals
1,500

3,539



9.


Creditors: Amounts falling due after more than one year

2024
£

Other creditors
593,231

593,231



10.


Share capital

2024
£
Allotted, called up and fully paid


96 Ordinary shares of £1.0 each
96


On incorporation 96 Ordinary shares were issued at par. 


11.


Related party transactions

Included within other creditors greater than one year are amounts owed to the Directors totalling £593,231. This loan carries no interest. 

Page 6

 
WALWORTH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

12.


Controlling party

The company is controlled by its Directors.

 
Page 7