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REGISTERED NUMBER: 02396637 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

THE WELLINGTON STUDY CENTRE LIMITED

THE WELLINGTON STUDY CENTRE LIMITED (REGISTERED NUMBER: 02396637)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE WELLINGTON STUDY CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: D B Patel
S T Hail





SECRETARY: D B Patel





REGISTERED OFFICE: Hillingdon House
386/388 Kenton Road
Kenton Harrow
Middlesex
HA3 9DP





REGISTERED NUMBER: 02396637 (England and Wales)





ACCOUNTANTS: M C Patel & Co
Chartered Accountants
Hillingdon House
386/388 Kenton Road
Kenton
Harrow
Middlesex
HA3 9DP

THE WELLINGTON STUDY CENTRE LIMITED (REGISTERED NUMBER: 02396637)

ABRIDGED BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 372,443 372,443

CURRENT ASSETS
Cash at bank 6,272 6,279

CREDITORS
Amounts falling due within one year 3,191 3,181
NET CURRENT ASSETS 3,081 3,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,524

375,541

CREDITORS
Amounts falling due after more than one
year

(679

)

(679

)

PROVISIONS FOR LIABILITIES 5 (44,802 ) (44,802 )
NET ASSETS 330,043 330,060

CAPITAL AND RESERVES
Called up share capital 13,700 13,700
Retained earnings 6 316,343 316,360
SHAREHOLDERS' FUNDS 330,043 330,060

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 WELLINGTON STUDY CENTRE LIMITED (REGISTERED NUMBER: 02396637)

ABRIDGED BALANCE SHEET - continued
31ST OCTOBER 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th May 2025 and were signed on its behalf by:





D B Patel - Director


THE WELLINGTON STUDY CENTRE LIMITED (REGISTERED NUMBER: 02396637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

The Wellington Study Centre 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent received.

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 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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

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

THE WELLINGTON STUDY CENTRE LIMITED (REGISTERED NUMBER: 02396637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023
and 31st October 2024 375,000
DEPRECIATION
At 1st November 2023
and 31st October 2024 2,557
NET BOOK VALUE
At 31st October 2024 372,443
At 31st October 2023 372,443

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2017 230,741
Cost 144,259
375,000

5. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 44,802 44,802

Deferred
tax
£   
Balance at 1st November 2023 44,802
Balance at 31st October 2024 44,802

6. RESERVES
Retained
earnings
£   

At 1st November 2023 316,360
Profit for the year 9,983
Dividends (10,000 )
At 31st October 2024 316,343