Registered number
12092414
Wainwright/Taylor Property Limited
Filleted Accounts
31 January 2025
Wainwright/Taylor Property Limited
Registered number: 12092414
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 495,000 495,000
Current assets
Stocks 289,863 -
Debtors 4 1,172 -
Cash at bank and in hand 4,072 20,827
295,107 20,827
Creditors: amounts falling due within one year 5 (710,036) (449,040)
Net current liabilities (414,929) (428,213)
Net assets 80,071 66,787
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 22,637 22,637
Profit and loss account 57,334 44,050
Shareholders' funds 80,071 66,787
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Taylor
Director
Approved by the board on 31 August 2025
Wainwright/Taylor Property Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment property Nil
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Investment property
£
Cost
At 1 February 2024 495,000
At 31 January 2025 495,000
Depreciation
At 31 January 2025 -
Net book value
At 31 January 2025 495,000
At 31 January 2024 495,000
4 Debtors 2025 2024
£ £
Other debtors 1,172 -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 12,609 1,202
Taxation and social security costs 3,115 2,600
Directors loan account 687,312 438,238
Other creditors 7,000 7,000
710,036 449,040
6 Revaluation reserve 2025 2024
£ £
At 1 February 2024 22,637 22,637
At 31 January 2025 22,637 22,637
7 Controlling party
The company is controlled by the directors.
8 Other information
Wainwright/Taylor Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Mill Reef Drive
Prestbury
Cheltenham
Glos
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