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Registration number: 04230838

Weld-A-Rail Property Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Weld-A-Rail Property Services Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Weld-A-Rail Property Services Limited

Company Information

Director

A McKeown

Registered office

76 Bridgford Road
West Bridgford
Nottingham
NG2 6AX

Accountants

9ine
Chartered Accountants76 Bridgford Road
West Bridgford
Nottingham
NG2 6AX

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Weld-A-Rail Property Services Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Weld-A-Rail Property Services Limited for the year ended 31 March 2025 as set out on pages 3 to 8 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Weld-A-Rail Property Services Limited, as a body, in accordance with the terms of our engagement letter dated 17 October 2019. Our work has been undertaken solely to prepare for your approval the accounts of Weld-A-Rail Property Services Limited and state those matters that we have agreed to state to the Board of Directors of Weld-A-Rail Property Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Weld-A-Rail Property Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Weld-A-Rail Property Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Weld-A-Rail Property Services Limited. You consider that Weld-A-Rail Property Services 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 accounts of Weld-A-Rail Property Services 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 accounts.


 

......................................

9ine
Chartered Accountants
76 Bridgford Road
West Bridgford
Nottingham
NG2 6AX

4 July 2025

 

Weld-A-Rail Property Services Limited

(Registration number: 04230838)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investment properties

4

664,500

625,000

Current assets

 

Debtors

5

305

1,740

Cash at bank and in hand

 

8,195

1,116

 

8,500

2,856

Creditors: Amounts falling due within one year

6

(301,297)

(299,078)

Net current liabilities

 

(292,797)

(296,222)

Total assets less current liabilities

 

371,703

328,778

Provisions for liabilities

(32,973)

(27,326)

Net assets

 

338,730

301,452

Capital and reserves

 

Called up share capital

300

300

Revaluation reserve

238,504

204,651

Retained earnings

99,926

96,501

Shareholders' funds

 

338,730

301,452

 

Weld-A-Rail Property Services Limited

(Registration number: 04230838)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 July 2025



 

.........................................

A McKeown
Director

 

Weld-A-Rail Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
76 Bridgford Road
West Bridgford
Nottingham
NG2 6AX

These financial statements were authorised for issue by the director on 4 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of investment properties 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 current and 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.

 

Weld-A-Rail Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Investment properties

Investment properties are 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 tenants for occupying investment properties within the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 and subsequently measured at amortised cost using the effective interest method.

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 the director) during the year, was 1 (2024 - 2).

 

Weld-A-Rail Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Investment properties

2025
£

At 1 April 2024

625,000

Fair value adjustments

39,500

At 31 March 2025

664,500

The Company's investment properties were revalued by the director at current fair values.

5

Debtors

Current

2025
£

2024
£

Trade debtors

-

755

Prepayments

305

195

Other debtors

-

790

 

305

1,740

6

Creditors

2025
£

2024
£

Due within one year

Trade creditors

-

322

Taxation and social security

803

2,622

Accruals and deferred income

2,142

1,782

Other creditors

298,352

294,352

301,297

299,078

 

Weld-A-Rail Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Related party transactions

Summary of transactions with entities with joint control or significant interest

During the year, total loans of £4,000 were received from a company with the same Director and shareholders. At the balance sheet date, the amount owed by Weld-A-Rail Property Services Limited was £298,352 (2024: £294,352). No interest is due on the loan.