| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30th June 2024 |
| for |
| Walker Place Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30th June 2024 |
| for |
| Walker Place Ltd |
| Walker Place Ltd (Registered number: 10232237) |
| Contents of the Financial Statements |
| for the Year Ended 30th June 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Walker Place Ltd |
| Company Information |
| for the Year Ended 30th June 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Biz Hub Tees Valley |
| Belasis Hall Technology Park |
| Coxwold Way |
| Billingham |
| Co. Durham |
| TS23 4EA |
| Walker Place Ltd (Registered number: 10232237) |
| Balance Sheet |
| 30th June 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 3 |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The director acknowledges his 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 financial statements were approved by the director and authorised for issue on |
| Walker Place Ltd (Registered number: 10232237) |
| Notes to the Financial Statements |
| for the Year Ended 30th June 2024 |
| 1. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| FINANCIAL INSTRUMENTS |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties. |
| Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price |
| TAXATION |
| Tax on profit represents the sum of the tax currently payable and deferred tax. |
| The tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the year. |
| DEFERRED TAX |
| Deferred tax is recognized on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognized for all taxable timing differences. Deferred tax assets are generally recognized for temporary differences to the extent that it is probable that taxable profits will be available to utilize the timing difference. |
| Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the liability is settled, or the asset realized. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets and liabilities. |
| GOING CONCERN |
| The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate having regard to the circumstances outlined in the Notes to the Accounts. |
| STOCK |
| Stocks are stated at the lower of cost and estimated selling price less costs to sell. Stocks are recognised as an expense in the period in which the related revenue is recognised. |
| Cost includes the purchase price, construction and other costs directly attributable to bringing the stock to its present condition. |
| At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| Walker Place Ltd (Registered number: 10232237) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th June 2024 |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Amounts owed to group undertakings |
| Other creditors |
| 5. | RELATED PARTY DISCLOSURES |
| The ultimate controlling parties are Mr & Mrs A C McCallum. |