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REGISTERED NUMBER: 07723346 (England and Wales)















Financial Statements for the Year Ended 30 July 2024

for

W Tell Properties Limited

W Tell Properties Limited (Registered number: 07723346)






Contents of the Financial Statements
for the Year Ended 30 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W Tell Properties Limited

Company Information
for the Year Ended 30 July 2024







DIRECTORS: H Foster
Mrs S Foster





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 07723346 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

W Tell Properties Limited (Registered number: 07723346)

Balance Sheet
30 July 2024

30.7.24 30.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 200 200
Investment property 6 630 630
830 830

CURRENT ASSETS
Debtors 7 330,415 314,618
Cash at bank 7 3,879
330,422 318,497
CREDITORS
Amounts falling due within one year 8 124,358 123,169
NET CURRENT ASSETS 206,064 195,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,894

196,158

CREDITORS
Amounts falling due after more than one
year

9

13,590

19,267
NET ASSETS 193,304 176,891

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 193,204 176,791
SHAREHOLDERS' FUNDS 193,304 176,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2024 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.

W Tell Properties Limited (Registered number: 07723346)

Balance Sheet - continued
30 July 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





H Foster - Director


W Tell Properties Limited (Registered number: 07723346)

Notes to the Financial Statements
for the Year Ended 30 July 2024

1. STATUTORY INFORMATION

W Tell 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the ground rent received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the services are complete.

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 cost and 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost. A provision for impairment is made where necessary.

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.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


W Tell Properties Limited (Registered number: 07723346)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2024

2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 July 2023
and 30 July 2024 13,263
DEPRECIATION
At 31 July 2023
and 30 July 2024 13,263
NET BOOK VALUE
At 30 July 2024 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31 July 2023
and 30 July 2024 200
NET BOOK VALUE
At 30 July 2024 200
At 30 July 2023 200

W Tell Properties Limited (Registered number: 07723346)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 July 2023
and 30 July 2024 630
NET BOOK VALUE
At 30 July 2024 630
At 30 July 2023 630

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 30.7.23
£    £   
Amounts owed by group undertakings 311,415 314,618
Other debtors 19,000 -
330,415 314,618

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 30.7.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,304 1,320
Amounts owed to group undertakings 106,826 44,981
Other creditors 6,228 66,868
124,358 123,169

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.7.24 30.7.23
£    £   
Bank loans 13,590 19,267

10. RELATED PARTY DISCLOSURES

Included in other debtors at 30th July 2024 is £19,000 owed to related parties. The loans are interest free and repayable on demand.