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Registration number: 00687547

Walter Symons Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Walter Symons Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Walter Symons Properties Limited

Company Information

Director

Mrs L J Crouch

Company secretary

Mrs L J Crouch

Registered office

18 Rowans Park
Lymington
Hampshire
SO41 9GD

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Walter Symons Properties Limited

(Registration number: 00687547)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

582

713

Investment property

5

1,200,000

1,200,000

 

1,200,582

1,200,713

Current assets

 

Debtors

6

2,103

2,181

Cash at bank and in hand

 

100,829

91,040

 

102,932

93,221

Creditors: Amounts falling due within one year

7

(9,479)

(9,681)

Net current assets

 

93,453

83,540

Net assets

 

1,294,035

1,284,253

Capital and reserves

 

Called up share capital

8

1,000

1,000

Revaluation reserve

436,097

436,097

Retained earnings

856,938

847,156

Shareholders' funds

 

1,294,035

1,284,253

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 her 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 27 July 2025
 

 

Walter Symons Properties Limited

(Registration number: 00687547)
Balance Sheet as at 31 March 2025 (continued)

.........................................
Mrs L J Crouch
Company secretary and director

 

Walter Symons Properties 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 United Kingdom.

The address of its registered office is:
18 Rowans Park
Lymington
Hampshire
SO41 9GD

These financial statements were authorised for issue by the director on 27 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 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)

2

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:

Asset class

Depreciation method and rate

Fixtures and Fittings

15% Reducing Balance

Computer Equipment

30% Reducing Balance

Investment property

Investment property is 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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Walter Symons Properties Limited

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

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 April 2024

1,708

4,523

6,231

At 31 March 2025

1,708

4,523

6,231

Depreciation

At 1 April 2024

1,156

4,362

5,518

Charge for the year

83

48

131

At 31 March 2025

1,239

4,410

5,649

Carrying amount

At 31 March 2025

469

113

582

At 31 March 2024

552

161

713

5

Investment properties

2025
£

At 1 April

1,200,000

At 31 March

1,200,000

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)

6

Debtors

Current

2025
£

2024
£

Prepayments

740

818

Other debtors

1,363

1,363

 

2,103

2,181

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

6,281

6,572

Accruals and deferred income

1,397

1,242

Other creditors

1,801

1,867

9,479

9,681

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

       

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

42,750

42,750

 

Walter Symons Properties Limited

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

10

Dividends

2025

2024

£

£

Interim dividend of £17.00 (2024 - £17.00) per ordinary share

17,000

17,000