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REGISTRAR OF COMPANIES

Registration number: 04246081

W.B. Anderson Investments Limited

Unaudited Financial Statements

30 September 2024

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W.B. Anderson Investments Limited

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

4

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
W.B. Anderson Investments Limited
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of W.B. Anderson Investments Limited for the year ended 30 September 2024 as set out on pages 2 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of W.B. Anderson Investments Limited, as a body, in accordance with the terms of our engagement letter dated 6 June 2023. Our work has been undertaken solely to prepare for your approval the accounts of W.B. Anderson Investments Limited and state those matters that we have agreed to state to the Board of Directors of W.B. Anderson Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W.B. Anderson Investments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that W.B. Anderson Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of W.B. Anderson Investments Limited. You consider that W.B. Anderson Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of W.B. Anderson Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

8 May 2025

 

W.B. Anderson Investments Limited

(Registration number: 04246081)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,459

2,976

Investment property

5

1,415,000

1,415,000

 

1,418,459

1,417,976

Current assets

 

Debtors

6

44,612

50,542

Cash at bank and in hand

 

51,609

15,492

 

96,221

66,034

Creditors: Amounts falling due within one year

7

(46,153)

(50,730)

Net current assets

 

50,068

15,304

Net assets

 

1,468,527

1,433,280

Capital and reserves

 

Allotted, called up and fully paid share capital

387,500

387,500

Share premium reserve

605,867

605,867

Non-distributable reserve

 

272,053

272,053

Profit and loss account

203,107

167,860

Total equity

 

1,468,527

1,433,280

 

W.B. Anderson Investments Limited

(Registration number: 04246081)
Balance Sheet as at 30 September 2024 (continued)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 May 2025 and signed on its behalf by:
 

.........................................

L F Anderson

Director

 

W.B. Anderson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Clint Mill
Cornmarket
PENRITH
CA11 7HW

The principal place of business is:
163 Che Keng Tuk Road
Sai Kung NT
Hong Kong SAR
China

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of property in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

W.B. Anderson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

W.B. Anderson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

W.B. Anderson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Fixtures and fittings
 £

Total
£

Cost or valuation

At 1 October 2023

9,839

9,839

Additions

1,016

1,016

At 30 September 2024

10,855

10,855

Depreciation

At 1 October 2023

6,863

6,863

Charge for the year

533

533

At 30 September 2024

7,396

7,396

Carrying amount

At 30 September 2024

3,459

3,459

At 30 September 2023

2,976

2,976

5

Investment properties

£

At 1 October 2023

1,415,000

At 30 September 2024

1,415,000

There has been no valuation of investment property by an independent valuer. The fair value of £1,415,000 was determined by the directors.

6

Debtors

2024
£

2023
£

Trade debtors

17,934

17,072

Other debtors

26,678

33,470

44,612

50,542

 

W.B. Anderson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

11,440

12,400

Trade creditors

 

8,635

5,220

Taxation and social security

 

1,922

1,566

Other creditors

 

24,156

31,544

 

46,153

50,730

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

11,440

12,400

 

W.B. Anderson Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

9

Related party transactions

Transactions with directors

2023

At 1 October 2022
£

Advances
£

Repayments
£

Other payments
£

Dividends credited
£

Interest
£

At 30 September 2023
£

L F Anderson

Loan

300

-

(300)

-

-

-

-

               
         

 

Directors' advances are repayable on demand.

No interest has been charged on advances to the director.