2023-03-01 06097525 2024-02-29 06097525 2023-03-01 2024-02-29 06097525 2023-02-28 06097525 2022-03-01 2023-02-28 06097525 uk-core:WithinOneYear 2023-02-28 06097525 uk-core:WithinOneYear 2024-02-29 06097525 uk-core:AfterOneYear 2023-02-28 06097525 uk-core:AfterOneYear 2024-02-29 06097525 uk-core:ShareCapital 2024-02-29 06097525 uk-core:ShareCapital 2023-02-28 06097525 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 06097525 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 06097525 uk-bus:Director1 2023-03-01 2024-02-29 06097525 uk-core:Buildings 2023-03-01 2024-02-29 06097525 uk-core:FurnitureFittings 2023-03-01 2024-02-29 06097525 uk-core:FurnitureFittings 2023-02-28 06097525 uk-core:Buildings 2023-02-28 06097525 uk-core:Buildings 2024-02-29 06097525 uk-core:FurnitureFittings 2024-02-29 06097525 uk-core:AfterOneYear uk-core:Secured 2024-02-29 06097525 uk-core:AfterOneYear uk-core:Secured 2023-02-28 iso4217:GBP xbrli:pure 06097525 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 06097525 uk-bus:FRS102 2023-03-01 2024-02-29 06097525 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 06097525 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
WELLHILL ESTATES LTD
Registered Number:06097525
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
WELLHILL ESTATES LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06097525
As at 29 February 2024
WELLHILL ESTATES LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,906,442
2,567,734
2
2,906,442
2,567,734
Current assets
Trade and other receivables
74,798
101,664
3
520,438
Cash and cash equivalents
59,066
160,730
595,236
Trade and other payables: amounts falling due within one
year
(23,619)
(2,200)
4
571,617
158,530
Net current assets
Total assets less current liabilities
3,064,972
3,139,351
Trade and other payables: amounts falling due after more
than one year
(2,334,693)
(2,312,430)
5
752,542
Net assets
804,658
Capital and reserves
Called up share capital
1
1
Retained earnings
752,541
804,657
752,542
804,658
Shareholders' funds
For the year ended 29 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
DAVID ILAN Director
These financial statements were approved and authorised for issue by the Board on 12 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 29 February 2024
WELLHILL ESTATES LTD
Notes to the Financial Statements
Statutory Information
WELLHILL ESTATES LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06097525.
Registered address:
Unit 9 97-101 Peregrine Road
Hainault Business Park
Hainault
Essex
IG6 3XH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
1% Reducing balance
15% Reducing balance
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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5
For the year ended 29 February 2024
WELLHILL ESTATES LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Land and
buildings
£
£
£
Cost or
valuation
At 01 March 2023
2,716,723
20,823
2,695,900
370,827
-
370,827
Additions
At 29 February 2024
3,066,727
20,823
3,087,550
Provision for depreciation and impairment
At 01 March 2023
148,989
8,035
140,954
Charge for year
32,119
1,818
30,301
At 29 February 2024
181,108
9,853
171,255
At 29 February 2024
Net book value
2,895,472
10,970
2,906,442
At 28 February 2023
2,554,946
12,788
2,567,734
3. Trade and other receivables
2023
2024
£
£
Trade debtors
-
476
Other debtors
101,664
74,322
74,798
101,664
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
-
2,082
Taxation and social security
-
19,937
Other creditors
2,200
1,600
2,200
23,619
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
1,443,242
1,466,372
Other creditors
869,188
868,321
2,312,430
2,334,693
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6
For the year ended 29 February 2024
WELLHILL ESTATES LTD
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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