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REGISTERED NUMBER: 04447216 (England and Wales)









WALFORD PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






WALFORD PROPERTIES LIMITED (REGISTERED NUMBER: 04447216)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4 to 6


WALFORD PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mrs C M Walford
M J Walford





SECRETARY: M J Walford





REGISTERED OFFICE: 31 St John's
Worcester
Worcestershire
WR2 5AG





REGISTERED NUMBER: 04447216 (England and Wales)





ACCOUNTANTS: Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WALFORD PROPERTIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Walford Properties Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Walford Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Walford Properties Limited. You consider that Walford Properties 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 financial statements of Walford Properties 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 financial statements.






Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG


25 June 2025

WALFORD PROPERTIES LIMITED (REGISTERED NUMBER: 04447216)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,792 -
Investment property 5 1,535,000 1,535,000
1,536,792 1,535,000

CURRENT ASSETS
Debtors 6 110 135
Cash at bank 7,238 10,535
7,348 10,670
CREDITORS
Amounts falling due within one year 7 12,929 18,553
NET CURRENT LIABILITIES (5,581 ) (7,883 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,531,211 1,527,117

CREDITORS
Amounts falling due after more than one year 8 (302,510 ) (302,510 )

PROVISIONS FOR LIABILITIES (160,248 ) (160,248 )
NET ASSETS 1,068,453 1,064,359

CAPITAL AND RESERVES
Called up share capital 356,538 356,538
Fair value reserve 10 683,161 683,161
Retained earnings 10 28,754 24,660
SHAREHOLDERS' FUNDS 1,068,453 1,064,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:



Mrs C M Walford - Director


WALFORD PROPERTIES LIMITED (REGISTERED NUMBER: 04447216)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Walford Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

WALFORD PROPERTIES LIMITED (REGISTERED NUMBER: 04447216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 2,000
At 31 March 2025 2,000
DEPRECIATION
Charge for year 208
At 31 March 2025 208
NET BOOK VALUE
At 31 March 2025 1,792

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 1,535,000
NET BOOK VALUE
At 31 March 2025 1,535,000
At 31 March 2024 1,535,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2011 275,909
Valuation in 2012 142,500
Valuation in 2016 78,000
Valuation in 2022 226,000
Valuation in 2023 121,000
Cost 691,591
1,535,000

If freehold investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 691,591 691,591

Freehold investment properties were valued on an open market basis on 31 March 2025 by the director and are reviewed annually .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 110 135

WALFORD PROPERTIES LIMITED (REGISTERED NUMBER: 04447216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 2 (1 )
Taxation and social security 1,264 1,447
Other creditors 11,663 17,107
12,929 18,553

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 302,510 302,510

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Mortgage 302,510 302,510

The bank loan is secured by a first fixed and floating charge over the company's properties and assets.

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2024 24,660 683,161 707,821
Profit for the year 4,756 4,756
Dividends (662 ) (662 )
At 31 March 2025 28,754 683,161 711,915

Share Premium Account

On 1 July 2003 a half share of the assets of Deanhurst Properties (Worcester) Limited was transferred to Walford Properties Limited as part of a company reconstruction under section 110 Insolvency Act 1986. The excess of the market value of those assets over the issued share capital of Walford Properties Limited was credited to the Share Premium Account.

On 31March 2024 the share premium was used to issue ordinary shares at par.

11. RELATED PARTY DISCLOSURES

Mrs C M Walford occupies, rent free, a residential property owned by the company. Annual benefits in kind are declared to H M Revenue & Customs.