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REGISTERED NUMBER: 00710198 (England and Wales)









Financial Statements

for the Year Ended 31 January 2025

for

Walkers (Chemists) Limited
Walkers (Chemists) Limited (Registered number: 00710198)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Walkers (Chemists) Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: D Salter





SECRETARY: J Salter





REGISTERED OFFICE: 5 Greenacres
Bushey Heath
Bushey
Hertfordshire
WD23 1RF





REGISTERED NUMBER: 00710198 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301, Stanmore Business
and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW
1
Walkers (Chemists) Limited (Registered number: 00710198)

Statement of Financial Position
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 5 16,795 25,567
Investments 6 - 318
Investment property 7 1,250,056 1,250,056
1,266,851 1,275,941

CURRENT ASSETS
Debtors 8 16,708 11,186
Cash at bank 379,289 419,455
395,997 430,641
CREDITORS
Amounts falling due within one year 9 (108,761 ) (65,549 )
NET CURRENT ASSETS 287,236 365,092
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,554,087
1,641,033

PROVISIONS FOR LIABILITIES (246,347 ) (246,347 )
NET ASSETS 1,307,740 1,394,686

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Other reserves 747,634 747,634
Retained earnings 559,104 646,050
SHAREHOLDERS' FUNDS 1,307,740 1,394,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2025 and were signed by:



D Salter - Director


The notes form part of these financial statements

2
Walkers (Chemists) Limited (Registered number: 00710198)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Walkers (Chemists) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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, modified to include investment property at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes. Income is recognised over the period of the tenancy agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

3 continued...
Walkers (Chemists) Limited (Registered number: 00710198)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 55,396
DEPRECIATION
At 1 February 2024 29,829
Charge for year 8,772
At 31 January 2025 38,601
NET BOOK VALUE
At 31 January 2025 16,795
At 31 January 2024 25,567

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2024 318
Disposals (318 )
At 31 January 2025 -
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 318

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 1,250,056
NET BOOK VALUE
At 31 January 2025 1,250,056
At 31 January 2024 1,250,056

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2020 (260,000 )
Valuation in 2019 (1,964 )
Valuation in 2018 16,711
Valuation in 2017 1,242,098
Cost 253,211
1,250,056

The fair value of the investment properties has been arrived at on the basis of a valuation carried out at 31 January 2025 by the director of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4 continued...
Walkers (Chemists) Limited (Registered number: 00710198)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 16,708 11,186

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 589
Taxation and social security 3,894 7,894
Other creditors 104,867 57,066
108,761 65,549

10. RELATED PARTY DISCLOSURES

Included within other creditors at the year end is an amount of £88,549 (2024: £42,038) due to the director D Salter. This amount has been provided unsecured, interest free and is repayable on demand.

5