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REGISTERED NUMBER: 00283231 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WALTER EDMUNDSON LIMITED

WALTER EDMUNDSON LIMITED (REGISTERED NUMBER: 00283231)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALTER EDMUNDSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Sally Michelle Edmundson-Bird
Judith Patricia Duva



REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH



REGISTERED NUMBER: 00283231 (England and Wales)



ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH



BANKERS: HSBC plc
40 Fishergate
Preston
Lancashire
PR1 2AD

WALTER EDMUNDSON LIMITED (REGISTERED NUMBER: 00283231)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 192,618 161,670
Investments 6 430,306 410,829
Investment property 7 900,000 875,000
1,522,924 1,447,499

CURRENT ASSETS
Debtors 8 33,029 25,459
Cash at bank 780,921 842,236
813,950 867,695
CREDITORS
Amounts falling due within one year 9 224,691 120,652
NET CURRENT ASSETS 589,259 747,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,112,183

2,194,542

PROVISIONS FOR LIABILITIES 43,191 11,165
NET ASSETS 2,068,992 2,183,377

CAPITAL AND RESERVES
Called up share capital 10 25,000 25,000
Revaluation reserve 11 124,429 103,882
Other reserves 11 4,834 4,834
Fair value reserve 11 397,730 374,768
Retained earnings 11 1,516,999 1,674,893
SHAREHOLDERS' FUNDS 2,068,992 2,183,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

WALTER EDMUNDSON LIMITED (REGISTERED NUMBER: 00283231)

BALANCE SHEET - continued
31 DECEMBER 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 28 April 2025 and were signed on its behalf by:





Sally Michelle Edmundson-Bird - Director


WALTER EDMUNDSON LIMITED (REGISTERED NUMBER: 00283231)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Walter Edmundson 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.

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
The company's turnover represents the amount of rental income receivable during the year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Freehold property is included in the balance sheet at fair value. Changes to the fair value are posted to the revaluation reserve.

Depreciation has been provided on all other tangible fixed assets at the rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Motor Vehicles - 25% per annum on cost
Computer equipment - 25% 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 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.

Going concern
The Directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. Thus the Going Concern basis of accounting in preparing the annual financial statements has been adopted.

WALTER EDMUNDSON LIMITED (REGISTERED NUMBER: 00283231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 10,000
AMORTISATION
At 1 January 2024
and 31 December 2024 10,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 161,127 2,005 163,132
Additions 31,084 - 31,084
At 31 December 2024 192,211 2,005 194,216
DEPRECIATION
At 1 January 2024 - 1,462 1,462
Charge for year - 136 136
At 31 December 2024 - 1,598 1,598
NET BOOK VALUE
At 31 December 2024 192,211 407 192,618
At 31 December 2023 161,127 543 161,670

Cost or valuation at 31 December 2024 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 2012 103,882 - 103,882
Valuation in 2024 31,084 - 31,084
Cost 57,245 2,005 59,250
192,211 2,005 194,216

WALTER EDMUNDSON LIMITED (REGISTERED NUMBER: 00283231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

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

31/12/24 31/12/23
£    £   
Cost 57,245 57,245

Freehold properties were valued on an open market basis on 31 December 2019 by the directors .

6. FIXED ASSET INVESTMENTS

Investments that are neither listed or unlisted and are not loans were as follows :

Other investments £430,306 (2023: £410,829)

7. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2024 875,000
Additions 25,000
At 31 December 2024 900,000
NET BOOK VALUE
At 31 December 2024 900,000
At 31 December 2023 875,000

Cost or valuation at 31 December 2024 is represented by:
£   
Valuation in 2011 25,000
Valuation in 2019 250,000
Valuation in 2024 25,000
Cost 600,000
900,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 23,271 23,271
PAYE debtor 1,538 -
Prepayments and accrued income 8,220 2,188
33,029 25,459

WALTER EDMUNDSON LIMITED (REGISTERED NUMBER: 00283231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 1 383
Tax 10,350 4,469
VAT 3,547 3,545
Other creditors 57,860 44,386
Directors' current accounts 127,644 42,574
Accruals and deferred income 25,289 25,295
224,691 120,652

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
25,000 Ordinary £1 25,000 25,000

11. RESERVES
Fair
Retained Revaluation Other value
earnings reserve reserves reserve Totals
£    £    £    £    £   

At 1 January 2024 1,674,893 103,882 4,834 374,768 2,158,377
Profit for the year 68,114 68,114
Dividends (182,499 ) (182,499 )
Transfer (43,509 ) 20,547 - 22,962 -
At 31 December 2024 1,516,999 124,429 4,834 397,730 2,043,992

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by way of their shareholding in the company although no individual directors has overall control.