W GARDEN LIMITED - Filleted accounts

Registered number

10249835

W GARDEN LIMITED

Filleted Accounts

31 May 2025

W GARDEN LIMITED
Registered number:		10249835
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		5,540,583			5,540,583

Current assets
Debtors	4	25,124			25,124
Cash at bank and in hand		913,229			913,229
		938,353			938,353

Creditors: amounts falling due within one year	5	(424,723)			(424,723)

Net current assets			513,630			513,630

Total assets less current liabilities			6,054,213			6,054,213

Creditors: amounts falling due after more than one year	6		(5,500,000)			(5,500,000)

Provisions for liabilities			(181,066)			(181,066)


Net assets			373,147			373,147

Capital and reserves
Called up share capital			100			100
Profit and loss account			373,047			373,047

Shareholders' funds			373,147			373,147

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Zaid Abbas Al-Khafaji
Director
Approved by the board on 30 May 2026

W GARDEN LIMITED
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).These financial statements have been prepared using provisional figures in order to meet the company's statutory filing obligations. Due to the ongoing review and reconciliation of the company's accounting records and supporting documentation, certain balances have been estimated or carried forward from the previous accounting period and may not reflect the final results for the year ended 31 May 2025. The directors are continuing their review of the company's financial records and, where necessary, amended accounts will be filed once that review has been completed.

	Turnover
	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 rent receivable during the period.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			No depreciation is provided
	Plant and machinery			0% at reducing balance method
	Fixtures, fittings, tools and equipment			0% at reducing balance method

	Investment Property
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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 profit and loss account.

	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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 profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 31 May 2025	5,540,583		-		-		5,540,583

	Depreciation
	At 31 May 2025	-		-		-		-

	Net book value
	At 31 May 2025	5,540,583		-		-		5,540,583


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					4,459,511		4,459,511
	Additions & Revaluations					1,040,489		1,040,489
						5,500,000		5,500,000
	The directors are of an opinion that the value of the property as at 31 May 2025 is £5.5 million.


4	Debtors					2025		2024
£							£

	Other debtors					25,124		25,124


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					4,274		4,274
	Other creditors					420,449		420,449
						424,723		424,723


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					5,500,000		5,500,000


7	Related party transactions

	As at 31 May 2025, the company owed the related parties a total sum of £420,449 (£488,950 in 2025) in interest free loan.


8	Controlling party

	Mr Zaid Abbas Al-Khafaji and Mrs Hala Al-Shareefi are the ultimate controlling parties of the company by virtue of their shareholdings in the company.


9	Other information

	W GARDEN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	10 Sale Place
	London
	W2 1PX