29 September 2023 false No description of principal activity Taxfiler 2024.6 15175345business:PrivateLimitedCompanyLtd2023-09-292024-09-30 151753452023-09-28 151753452023-09-292024-09-30 15175345business:AuditExempt-NoAccountantsReport2023-09-292024-09-30 15175345business:AbridgedAccounts2023-09-292024-09-30 151753452024-09-30 15175345business:Director12023-09-292024-09-30 15175345business:Director22023-09-292024-09-30 15175345business:Director32023-09-292024-09-30 15175345business:Director42023-09-292024-09-30 15175345business:RegisteredOffice2023-09-292024-09-30 15175345core:WithinOneYear2024-09-30 15175345core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 15175345core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2024-09-30 15175345core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 15175345core:PreviouslyStatedAmount2024-09-30 15175345business:SmallEntities2023-09-292024-09-30 15175345countries:EnglandWales2023-09-292024-09-30 15175345core:RevaluationInvestmentPropertyDeferredTax2024-09-30 15175345core:TaxLossesCarry-forwardsDeferredTax2024-09-30 iso4217:GBP xbrli:pure
Company Registration No. 15175345 (England and Wales)
Wealthgate Property Ltd Unaudited accounts for the period from 29 September 2023 to 30 September 2024
Wealthgate Property Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Wealthgate Property Ltd Company Information for the period from 29 September 2023 to 30 September 2024
Directors
Mr. Deepak Kumar Datta Mr. Vikram Datta Mr. Ravinder Singh Mann Mr. Anubhav Sharma
Company Number
15175345 (England and Wales)
Registered Office
37 Chobham Road Frimley Camberley GU16 8PS England
- 3 -
Wealthgate Property Ltd Statement of financial position as at 30 September 2024
2024 
Notes
£ 
Fixed assets
Investment property
263,000 
Current assets
Debtors
1,101 
Cash at bank and in hand
1,099 
2,200 
Creditors: amounts falling due within one year
(222,480)
Net current liabilities
(220,280)
Total assets less current liabilities
42,720 
Provisions for liabilities
Deferred tax
4
(10,679)
Net assets
32,041 
Capital and reserves
Called up share capital
4 
Fair value reserve
35,005 
Profit and loss account
(2,968)
Shareholders' funds
32,041 
For the period ending 30 September 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Mr. Anubhav Sharma Director Company Registration No. 15175345
- 4 -
Wealthgate Property Ltd Notes to the Accounts for the period from 29 September 2023 to 30 September 2024
1
Statutory information
Wealthgate Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 15175345. The registered office is 37 Chobham Road, Frimley, Camberley, GU16 8PS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, except as required by FRS 102. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is recognised on revaluation gains on investment property, even where there is no intention to sell the asset. Deferred tax is measured at the tax rates that are expected to apply when the timing differences reverse, based on rates and laws that have been enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.
4
Deferred taxation
2024 
£ 
Revaluation of investment property
11,668 
Tax losses carried forward
(989)
10,679 
2024 
£ 
Charged to the profit and loss account
10,679 
Provision at end of period
10,679 
- 5 -
Wealthgate Property Ltd Notes to the Accounts for the period from 29 September 2023 to 30 September 2024
5
Average number of employees
During the period the average number of employees was 0.
- 6 -