WALKER SINGLETON (RESIDENTIAL) LIMITED


Directors	BARKER, Ryan Grant
	CHAPMAN, Allan Mark
	DIAKIW, Paul Michael
	HEY, Daniel Charles
	WAITES, Benjamin Lawrence


Company Secretary	CLARK, Kathryn


Registered Address	Property House Lister Lane
	Halifax
	West Yorkshire
	HX1 5AS


Registered Number	03754495 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or the rendering of services. 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.

Turnover policy

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/or the rendering of services.

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.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

Operating leases

Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.

Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	5

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	24		22

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 April 24	361,412	20,675	382,087
Additions	180,000	-	180,000
Revaluations	(75,240)	-	(75,240)
At 31 March 25	466,172	20,675	486,847
Amortisation and impairment
At 01 April 24	154,959	9,205	164,164
Charge for year	21,068	3,253	24,321
At 31 March 25	176,027	12,458	188,485
Net book value
At 31 March 25	290,145	8,217	298,362
At 31 March 24	206,453	11,470	217,923

4.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 April 24	36,519	36,519
Additions	893	893
At 31 March 25	37,412	37,412
Depreciation and impairment
At 01 April 24	20,834	20,834
Charge for year	4,643	4,643
At 31 March 25	25,477	25,477
Net book value
At 31 March 25	11,935	11,935
At 31 March 24	15,685	15,685

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	17,812	17,812
At 31 March 25	17,812	17,812
Net book value
At 31 March 25	17,812	17,812
At 31 March 24	17,812	17,812

	Notes
	¹Investments in group undertakings and participating interests

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	160,875	100,132
Other debtors	29,507	80,164
Prepayments and accrued income	75,758	68,864
Total	266,140	249,160

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	52,731	39,632
Bank borrowings and overdrafts	10,419	10,162
Taxation and social security	30,626	32,946
Other creditors	462,606	363,225
Accrued liabilities and deferred income	21,499	65,636
Total	577,881	511,601

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	3,538	13,965
Total	3,538	13,965

9.	Provisions for liabilities
	The provision for deferred tax is made up of £5,038 in respect of accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	5,038	6,789
Total	5,038	6,789

10.	Pension commitments
	The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

11.	Operating lease commitments
	At 31st March 2025 the company had future minimum lease payments under non-cancellable operating leases of £99,572 (2024 - £67,105).

12.	Related party transactions
	Amounts included under Other Debtors totalling £28,007 (2024 - £78,664) and amounts included under Other Creditors totalling £458,345 (2024 - £318,801) are owed from/to related undertakings.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		298,362		217,923
Tangible assets	4		11,935		15,685
Investments	5		17,812		17,812
			328,109		251,420
Current assets
Debtors	6	266,140		249,160
Cash at bank and on hand		64,764		89,609
		330,904		338,769
Creditors amounts falling due within one year	7	(577,881)		(511,601)
Net current assets (liabilities)			(246,977)		(172,832)
Total assets less current liabilities			81,132		78,588
Creditors amounts falling due after one year	8		(3,538)		(13,965)
Provisions for liabilities	9		(5,038)		(6,789)
Net assets			72,556		57,834
Capital and reserves
Called up share capital			10		10
Profit and loss account			72,546		57,824
Shareholders' funds			72,556		57,834