COMPANY REGISTRATION NUMBER:
13553041
|
WALLED GARDENS PROPERTY LTD |
|
|
Filleted Unaudited Financial Statements |
|
|
WALLED GARDENS PROPERTY LTD |
|
|
Statement of Financial Position |
|
30 November 2025
Fixed assets
|
Tangible assets |
4 |
627,996 |
– |
|
|
|
|
Current assets
|
Cash at bank and in hand |
25,062 |
1 |
|
|
|
|
Creditors: amounts falling due within one year |
5 |
643,497 |
– |
|
--------- |
---- |
|
Net current (liabilities)/assets |
(
618,435) |
1 |
|
--------- |
---- |
|
Total assets less current liabilities |
9,561 |
1 |
|
------- |
---- |
|
Net assets |
9,561 |
1 |
|
------- |
---- |
|
|
|
|
Capital and reserves
|
Called up share capital |
1 |
1 |
|
Profit and loss account |
9,560 |
– |
|
------- |
---- |
|
Shareholders funds |
9,561 |
1 |
|
------- |
---- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
27 August 2026
, and are signed on behalf of the board by:
Company registration number:
13553041
|
WALLED GARDENS PROPERTY LTD |
|
|
Notes to the Financial Statements |
|
Year ended 30 November 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Redbridge Lane East, Ilford, IG4 5ET.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rental income receivable. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Rental income is recognised on an accrual basis in accordance with the substance of the relevant agreement.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4.
Tangible assets
|
Freehold property |
|
£ |
|
Cost |
|
|
At 1 December 2024 |
– |
|
Additions |
627,996 |
|
--------- |
|
At 30 November 2025 |
627,996 |
|
--------- |
|
Depreciation |
|
|
At 1 December 2024 and 30 November 2025 |
– |
|
--------- |
|
Carrying amount |
|
|
At 30 November 2025 |
627,996 |
|
--------- |
|
At 30 November 2024 |
– |
|
--------- |
|
|
The company's investment property was revalued on a fair value basis by the director on 30 November 2025.
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
3,186 |
– |
|
Due to associated companies |
618,000 |
– |
|
Other creditors |
22,311 |
– |
|
--------- |
---- |
|
643,497 |
– |
|
--------- |
---- |
|
|
|
6.
Related party transactions
Creditors falling due within one year include £618,000 owing to associated companies where
Mr S Khan
is a shareholder and director.