Walklin and Company(Brighton)Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00680132 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Walklin and Company(Brighton)Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Dewar

P N Dewar

SECRETARY:

P N Dewar

REGISTERED OFFICE:

2a Mackie Avenue

Patcham

Brighton

East Sussex

BN1 8RA

REGISTERED NUMBER:

00680132 (England and Wales)

ACCOUNTANTS:

Style and Silver

Bank House

Southwick Square

Southwick

West Sussex

BN42 4FN

FIXED ASSETS

Tangible assets

4

640,004

CURRENT ASSETS

Debtors

5

5,597

-

Cash at bank

8,370

4,790

13,967

4,790

CREDITORS

Amounts falling due within one year

6

11,385

4,744

NET CURRENT ASSETS

2,582

46

TOTAL ASSETS LESS CURRENT
LIABILITIES

642,586

640,050

CAPITAL AND RESERVES

Called up share capital

2,000

Share premium

200

Revaluation reserve

7

513,978

Retained earnings

126,408

123,872

SHAREHOLDERS' FUNDS

642,586

640,050

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

C Dewar - Director

1.	STATUTORY INFORMATION

Walklin and Company(Brighton)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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided in year of acquisition

Improvements to property

-

not provided in year of acquisition

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

fittings

Totals

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

522,044

117,956

2,803

642,803

DEPRECIATION

At 1 April 2024

and 31 March 2025

-

2,799

NET BOOK VALUE

At 31 March 2025

522,044

117,956

4

640,004

At 31 March 2024

522,044

117,956

4

640,004

Included in cost or valuation of land and buildings is freehold land of £ 640,000 (2024 - £ 640,000 ) which is not depreciated.

Cost or valuation at 31 March 2025 is represented by:

Improvements

Fixtures

Freehold

to

and

property

fittings

Totals

£

Valuation in 2006

341,894

117,956

-

459,850

Valuation in 2017

180,150

-

180,150

Cost

-

2,803

522,044

117,956

2,803

642,803

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

167,956

Value of land in freehold land and buildings

640,000

Freehold land and buildings were valued on an open market basis on 31 March 2017 by an independent agent .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

1,347

-

Other debtors

4,250

-

5,597

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Tax

6,166

3,775

Directors' current accounts

4,439

189

Accrued expenses

780

11,385

4,744

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

513,978