Registration number:
Walter Symons Properties Limited
for the Year Ended 31 March 2025
Walter Symons Properties Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Walter Symons Properties Limited
Company Information
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Director |
Mrs L J Crouch |
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Company secretary |
Mrs L J Crouch |
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Registered office |
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Accountants |
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Walter Symons Properties Limited
(Registration number: 00687547)
Balance Sheet as at 31 March 2025
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2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Retained earnings |
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Shareholders' funds |
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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:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
Walter Symons Properties Limited
(Registration number: 00687547)
Balance Sheet as at 31 March 2025 (continued)
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Walter Symons Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 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 current 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.
Walter Symons Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
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Accounting policies (continued) |
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.
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.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Fixtures and Fittings |
15% Reducing Balance |
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Computer Equipment |
30% Reducing Balance |
Investment property
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Walter Symons Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
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Tangible assets |
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Fixtures and fittings |
Computer equipment |
Total |
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Cost or valuation |
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At 1 April 2024 |
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At 31 March 2025 |
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Depreciation |
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At 1 April 2024 |
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Charge for the year |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Investment properties |
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2025 |
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At 1 April |
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At 31 March |
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The freehold investment property was revalued on a current open market basis at £1,200.000 in March 2020. by the director, Mrs L J Crouch. The property was previously valued by Mrs Crouch at £975,000 in November 2013 and at £857,000 in July 2007 by Richard J Burkmar FRICS.
A further investment of £6,000 was added in the year ended 31 March 2009.
The historical cost of the freehold property included at the valuation of £1,200,000 was £472,102. No depreciation is provided for on freehold buildings in accordance with the FRSSE (effective January 2007).
Walter Symons Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
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Debtors |
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Current |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
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Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:
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Revaluation reserve |
Total |
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Surplus/deficit on revaluation of other assets |
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Walter Symons Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
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Dividends |
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2025 |
2024 |
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£ |
£ |
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Interim dividend of £ |
17,000 |
17,000 |
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