Company registration number 14789167 (England and Wales)
199 WELLSWAY LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
199 WELLSWAY LTD
CONTENTS
Page
Directors' report
1
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 6
199 WELLSWAY LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -
The directors present their annual report and financial statements for the year ended 30 April 2025.
Principal activities
The principal activity of the company continued to be that of management and administration of the service charges of the property 199 Wellsway Road.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Ms L Silverman
Mr R Watson
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Ms L Silverman
Director
14 July 2025
199 WELLSWAY LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF 199 WELLSWAY LTD
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 199 Wellsway Ltd for the year ended 30 April 2025 set out on pages 4 to 6 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the board of directors of 199 Wellsway Ltd, as a body, in accordance with the terms of our engagement letter dated 21 October 2024. Our work has been undertaken solely to prepare for your approval the financial statements of 199 Wellsway Ltd and state those matters that we have agreed to state to the board of directors of 199 Wellsway Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 199 Wellsway Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that 199 Wellsway Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of 199 Wellsway Ltd. You consider that 199 Wellsway Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of 199 Wellsway Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
BK Plus Limited
Chartered Certified Accountants
Murrills House
48 East Street
Fareham
Hampshire
PO16 9XS
14 July 2025
199 WELLSWAY LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
2025
2024
£
£
Turnover
-
-
Profit before taxation
Tax on profit
Profit for the financial year
The profit and loss account has been prepared on the basis that all operations are continuing operations.
199 WELLSWAY LTD
BALANCE SHEET
AS AT 30 APRIL 2025
30 April 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,230
4,230
Current assets
Debtors
4
676
676
Net current assets
676
676
Net assets
4,906
4,906
Capital and reserves
Called up share capital
4
4
Share premium account
4,902
4,902
Total equity
4,906
4,906
For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 14 July 2025 and are signed on its behalf by:
Ms L Silverman
Director
Company registration number 14789167 (England and Wales)
199 WELLSWAY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
1
Accounting policies
Company information
199 Wellsway Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 50 High Street, Market Lavington, Devizes, Wiltshire, United Kingdom, SN10 4AG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
not provided for
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
0
0
199 WELLSWAY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2024 and 30 April 2025
4,230
Depreciation and impairment
At 1 May 2024 and 30 April 2025
Carrying amount
At 30 April 2025
4,230
At 30 April 2024
4,230
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
676
676