WAVERLEY SCHOOL (WAVERLEY WAY) LIMITED

Company Registration Number:
03181579 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

WAVERLEY SCHOOL (WAVERLEY WAY) LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

WAVERLEY SCHOOL (WAVERLEY WAY) LIMITED

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Investments: 3 3,300,000 170,230
Total fixed assets: 3,300,000 170,230
Current assets
Total assets less current liabilities: 3,300,000 170,230
Provision for liabilities: (526,086) 0
Total net assets (liabilities): 2,773,914 170,230
Capital and reserves
Called up share capital: 6 6
Revaluation reserve:42,603,6840
Profit and loss account: 170,224 170,224
Shareholders funds: 2,773,914 170,230

The notes form part of these financial statements

WAVERLEY SCHOOL (WAVERLEY WAY) LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 May 2025
and signed on behalf of the board by:

Name: Paul Knighton
Status: Director

The notes form part of these financial statements

WAVERLEY SCHOOL (WAVERLEY WAY) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The company had no turnover in the period under review.

Valuation and information policy

Investment properties. Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss. Where fair value fluctuations are not distributable, they are transferred to a Fair Value Reserve within equity. The methods and significant assumptions used to ascertain the fair value and the fair value movement included in the profit and loss for the year are as follows: The directors have engaged professional independent valuers to ascertain the fair market value for the Investment Property and the accounts have been adjusted to reflect these valuations accordingly.

Other accounting policies

Statutory information. The Company is a private company limited by shares and domiciled in England and Wales. The registered office is Waverley Way, Wokingham, England RG40 4YD. Going Concern. The director considers the company will continue to trade as a going concern as he believes the shareholder will continue to support the company to enable it to meet its liabilities as they fall due. Taxation. Taxation represents the sum of tax currently payable and deferred taxation. Deferred tax is recognised in respect of all timing differences (including fair value adjustments) that have originated but not reversed by the balance sheet date except that a deferred tax asset is only recognised to the extent that it is regarded as recoverable. Deferred tax is measured using the rate of tax that is expected to apply in the periods in which the timing differences are expected to reverse.

WAVERLEY SCHOOL (WAVERLEY WAY) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

WAVERLEY SCHOOL (WAVERLEY WAY) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Fixed investments

Investment properties. Cost and valuation: At 31st August 2023 at cost £1,195,657. Revaluations during the year £2,104,343. At 31st August 2024 at valuation £3,300,000. Accumulated depreciation: At 31st August 2023 at cost £1,025,427. Accumulated depreciation reversed on revaluation £(1,025,427). At 31st August 2024 £ -. Net book value: At 31st August 2024 £ 3,300,000. At 31st August 2023 £ 170,230. The directors have engaged professional independent valuers to ascertain the fair market value for the Investment Property and the accounts have been adjusted to reflect these valuations accordingly.

WAVERLEY SCHOOL (WAVERLEY WAY) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Revaluation reserve

2024
£
Balance at 01 September 2023 0
Surplus or deficit after revaluation 2,603,684
Balance at 31 August 2024 2,603,684