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REGISTERED NUMBER: 13044160 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 NOVEMBER 2024

FOR

WELDIN 3 PROPERTIES LIMITED

WELDIN 3 PROPERTIES LIMITED (REGISTERED NUMBER: 13044160)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WELDIN 3 PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 NOVEMBER 2024







DIRECTORS: Miss F Weldin
Mrs S Greaney
Adam Weldin





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 13044160 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

WELDIN 3 PROPERTIES LIMITED (REGISTERED NUMBER: 13044160)

BALANCE SHEET
29 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,635,000 5,635,000

CURRENT ASSETS
Debtors 5 61,202 33,088
Cash at bank 11,780 9,671
72,982 42,759
CREDITORS
Amounts falling due within one year 6 71,535 41,733
NET CURRENT ASSETS 1,447 1,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,636,447

5,636,026

CREDITORS
Amounts falling due after more than one year 7 2,272,000 2,272,000
NET ASSETS 3,364,447 3,364,026

CAPITAL AND RESERVES
Called up share capital 3 3
Share premium Account 3,363,000 3,363,000
Retained earnings 1,444 1,023
3,364,447 3,364,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 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.

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 29 July 2025 and were signed on its behalf by:





Adam Weldin - Director


WELDIN 3 PROPERTIES LIMITED (REGISTERED NUMBER: 13044160)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2024

1. STATUTORY INFORMATION

Weldin 3 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.

Rent receivable
Income represents gross rent receivable in the normal course of the company's business.

Revenue Recognition
Revenue is recognised when company receives the rent and is recorded to the balance sheet date.

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 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.

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 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 November 2023
and 29 November 2024 5,635,000
NET BOOK VALUE
At 29 November 2024 5,635,000
At 29 November 2023 5,635,000

WELDIN 3 PROPERTIES LIMITED (REGISTERED NUMBER: 13044160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 61,202 33,088

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,641 35,852
Other creditors 61,894 5,881
71,535 41,733

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,272,000 2,272,000

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years 2,272,000 2,272,000
2,272,000 2,272,000

8. SECURED DEBTS

The bank loans are secured by a fixed charge over the investment properties of the company. The loans are due for repayment in full in 2027.

9. RELATED PARTY DISCLOSURES

Included within other creditors as at year end is £435 (2023: £31,390 owed from), an amount owed to the directors of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.