Walker Alonso Innovations Limited 13796700 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 13796700 2024-01-01 2024-12-31 13796700 2024-12-31 13796700 bus:OrdinaryShareClass1 2024-12-31 13796700 core:CurrentFinancialInstruments 2024-12-31 13796700 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13796700 core:Non-currentFinancialInstruments 2024-12-31 13796700 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 13796700 1 2024-12-31 13796700 2 2024-12-31 13796700 3 2024-12-31 13796700 bus:SmallEntities 2024-01-01 2024-12-31 13796700 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13796700 bus:FilletedAccounts 2024-01-01 2024-12-31 13796700 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13796700 bus:RegisteredOffice 2024-01-01 2024-12-31 13796700 bus:Director1 2024-01-01 2024-12-31 13796700 bus:Director2 2024-01-01 2024-12-31 13796700 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 13796700 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13796700 core:RetainedEarningsAccumulatedLosses core:LandBuildings 2024-01-01 2024-12-31 13796700 core:LandBuildings 2024-01-01 2024-12-31 13796700 1 2024-01-01 2024-12-31 13796700 2 2024-01-01 2024-12-31 13796700 3 2024-01-01 2024-12-31 13796700 countries:England 2024-01-01 2024-12-31 13796700 2023-12-31 13796700 2023-01-01 2023-12-31 13796700 2023-12-31 13796700 bus:OrdinaryShareClass1 2023-12-31 13796700 core:CurrentFinancialInstruments 2023-12-31 13796700 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13796700 core:Non-currentFinancialInstruments 2023-12-31 13796700 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 13796700 1 2023-12-31 13796700 2 2023-12-31 13796700 3 2023-12-31 13796700 core:RetainedEarningsAccumulatedLosses core:LandBuildings 2023-01-01 2023-12-31 13796700 core:LandBuildings 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13796700

Walker Alonso Innovations Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024























 

 

Walker Alonso Innovations Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Walker Alonso Innovations Limited

Company Information

Directors

Mr G Walker

Mrs MD Alonso-Jura

Registered office

10 Stephenson Court
Fraser Road
Priory Business Park
Bedford
Bedfordshire
MK44 3WJ

 

Walker Alonso Innovations Limited

(Registration number: 13796700)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

652,327

634,000

Current assets

 

Debtors

5

448

-

Cash at bank and in hand

 

477

415

 

925

415

Creditors: Amounts falling due within one year

6

(347,155)

(327,681)

Net current liabilities

 

(346,230)

(327,266)

Total assets less current liabilities

 

306,097

306,734

Creditors: Amounts falling due after more than one year

6

(309,874)

(320,629)

Provisions for liabilities

(1,864)

(309)

Net liabilities

 

(5,641)

(14,204)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(5,741)

(14,304)

Shareholders' deficit

 

(5,641)

(14,204)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 July 2025 and signed on its behalf by:
 

.........................................
Mr G Walker
Director

 

Walker Alonso Innovations Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
10 Stephenson Court
Fraser Road
Priory Business Park
Bedford
Bedfordshire
MK44 3WJ

These financial statements were authorised for issue by the Board on 3 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Walker Alonso Innovations Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Walker Alonso Innovations Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 January

634,000

Additions

4,327

Fair value adjustments

14,000

At 31 December

652,327

The directors have valued the properties at the balance sheet date, based on the movement of values of properties witihn the area.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

2023
£

Prepayments

448

-

 

448

-

 

Walker Alonso Innovations Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

10,756

10,412

Trade creditors

 

130

-

Accruals and deferred income

 

1,080

1,080

Other creditors

 

335,189

316,189

 

347,155

327,681

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

309,874

320,629

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Retained earnings
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

14,000

14,000

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Retained earnings
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

(1,327)

(1,327)

Deferred taxation is accoutned for on the revaluation of the properties at the rate at which it is expected to be crystalised.

 

Walker Alonso Innovations Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

309,874

320,629

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,756

10,412

Bank borrowings

A mortgage is denominated in sterling with a nominal interest rate of 3.29%, and the final instalment is due on 30 June 2038. The carrying amount at year end is £87,527 (2023 - £92,639).

The mortgage is secured by a fixed charge over the property to which it relates.

A mortgage is denominated in sterling with a nominal interest rate of 3.29%, and the final instalment is due on 22 July 2038. The carrying amount at year end is £91,477 (2023 - £96,779).

The mortgage is secured by a fixed charge over the property to which it relates.

A mortgage is denominated in sterling with a nominal interest rate of 4.89%%, and the final instalment is due on 31 July 2048. The carrying amount at year end is £141,625 (2023 - £141,625).

The mortgage is secured by a fixed charge over the property to which it relates.