COMPANY REGISTRATION NUMBER:
14762010
|
Walters Capital Group Limited |
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|
Filleted Unaudited Abridged Financial Statements |
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Walters Capital Group Limited |
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Abridged Financial Statements |
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Year Ended 31 December 2024
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Abridged statement of financial position |
1 |
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|
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Notes to the abridged financial statements |
2 to 3 |
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Walters Capital Group Limited |
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Abridged Statement of Financial Position |
|
31 December 2024
Fixed Assets
|
Investments in subsidiaries |
5 |
|
680,030 |
680,030 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
680,010 |
|
680,010 |
|
--------- |
|
--------- |
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Net Current Liabilities |
|
680,010 |
680,010 |
|
|
--------- |
--------- |
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Total Assets Less Current Liabilities |
|
20 |
20 |
|
|
---- |
---- |
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|
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Capital and Reserves
|
Called up share capital |
6 |
|
20 |
20 |
|
|
---- |
---- |
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Shareholders Funds |
|
20 |
20 |
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|
---- |
---- |
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 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 abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
26 September 2025
, and are signed on behalf of the board by:
Company registration number:
14762010
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Walters Capital Group Limited |
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|
Notes to the Abridged Financial Statements |
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Year Ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Dundee House, Millennium Way, Chesterfield, S41 8ND.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis
. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments in subsidiaries
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
5.
Investments in subsidiaries
|
£ |
|
Cost |
|
|
At 1 January 2024 and 31 December 2024 |
680,030 |
|
--------- |
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Impairment |
|
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At 1 January 2024 and 31 December 2024 |
– |
|
--------- |
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Carrying amount |
|
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At 31 December 2024 |
680,030 |
|
--------- |
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At 31 December 2023 |
680,030 |
|
--------- |
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6.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
20 |
20 |
20 |
20 |
|
---- |
---- |
---- |
---- |
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|
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7.
Related party transactions
The company has taken advantage of the exemption conferred by FRS 102 S33.1A, removing the requirement to disclose transactions between group companies. During the year the company provided and received short term loans from related parties. The balance outstanding due from/(to) related parties at the year end date is as follows:
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Amounts due to group undertakings |
680,000 |
680,000 |
|
|
|
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Outstanding balances with entities are unsecured, interest free and repayable on demand.