Registered number
00820308
Wilkam Property Company Limited
Filleted Accounts
30 September 2024
Wilkam Property Company Limited
Registered number: 00820308
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 978,120 971,935
Current assets
Cash at bank and in hand 127,118 169,885
Creditors: amounts falling due within one year 4 (789,917) (839,994)
Net current liabilities (662,799) (670,109)
Net assets 315,321 301,826
Capital and reserves
Called up share capital 100 100
Revaluation reserve 5 67,636 67,636
Profit and loss account 247,585 234,090
Shareholders' funds 315,321 301,826
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Ross-Kokoszka
Director
Approved by the board on 19 June 2025
Wilkam Property Company Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings No depreciation is provided
Plant and machinery 25% per annum on reducing value
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 971,894 7,664 979,558
Additions 6,195 - 6,195
At 30 September 2024 978,089 7,664 985,753
Depreciation
At 1 October 2023 - 7,623 7,623
Charge for the year - 10 10
At 30 September 2024 - 7,633 7,633
Net book value
At 30 September 2024 978,089 31 978,120
At 30 September 2023 971,894 41 971,935
Freehold land and buildings: 2024 2023
£ £
Historical cost 842,906 842,906
Cumulative depreciation based on historical cost - -
842,906 842,906
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,594 8,085
Other creditors 786,323 831,909
789,917 839,994
5 Revaluation reserve 2024 2023
£ £
At 1 October 2023 67,636 67,636
At 30 September 2024 67,636 67,636
6 Other information
Wilkam Property Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
95 Shepherds Bush Road
London
W6 7LR
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