WEARSIDE ACCOMMODATION SERVICES LIMITED

Company Registration Number:
07427570 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

WEARSIDE ACCOMMODATION SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

WEARSIDE ACCOMMODATION SERVICES LIMITED

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 7,948,636 7,807,385
Total fixed assets: 7,948,636 7,807,385
Current assets
Debtors: 4 67,787 6,208
Cash at bank and in hand: 80,504 58,282
Total current assets: 148,291 64,490
Creditors: amounts falling due within one year: 5 (1,861,612) (1,923,109)
Net current assets (liabilities): (1,713,321) (1,858,619)
Total assets less current liabilities: 6,235,315 5,948,766
Creditors: amounts falling due after more than one year: 6 (3,660,000) (3,660,000)
Provision for liabilities: (1,385) (415)
Total net assets (liabilities): 2,573,930 2,288,351
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,573,830 2,288,251
Shareholders funds: 2,573,930 2,288,351

The notes form part of these financial statements

WEARSIDE ACCOMMODATION SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 December 2025
and signed on behalf of the board by:

Name: Richard Wooler
Status: Director

The notes form part of these financial statements

WEARSIDE ACCOMMODATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off the cost less residual value of each asset over its estimated useful life. Plant and machinery - 25% on reducing balance

Other accounting policies

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.

WEARSIDE ACCOMMODATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 0 0

WEARSIDE ACCOMMODATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 7,926,387
Additions 265,242
Disposals (122,144)
At 31 March 2025 8,069,485
Depreciation
At 01 April 2024 119,002
Charge for year 1,847
At 31 March 2025 120,849
Net book value
At 31 March 2025 7,948,636
At 31 March 2024 7,807,385

WEARSIDE ACCOMMODATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
££
Debtors due after more than one year: 47,000 0

Amounts falling due within one year - Trade debtors £6,110 (2024 £6208), Other debtors £14,677 (2024 £0).

WEARSIDE ACCOMMODATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

Taxation and social security £115,448 (2024 £151,483), Other creditors £1,746,164 (2024 £1,771,626).

WEARSIDE ACCOMMODATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due after more than one year note

Bank loans £3,660,000 (2024 £3,660,000).