REGISTERED NUMBER: 01076618 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Whelan & Bailey Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J E House

SECRETARY:

Mrs A E Curtis

REGISTERED OFFICE:

8 Dyrham Close

Henleaze

City of Bristol

BS9 4TF

REGISTERED NUMBER:

01076618 (England and Wales)

ACCOUNTANTS:

Dunkley's

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

5,536

591

Investment property

5

950,000

825,000

955,536

825,591

CURRENT ASSETS

Debtors

6

2,820

2,838

Cash at bank

13,263

94,150

16,083

96,988

CREDITORS

Amounts falling due within one year

7

27,708

36,603

NET CURRENT (LIABILITIES)/ASSETS

(11,625

)

60,385

TOTAL ASSETS LESS CURRENT LIABILITIES

943,911

885,976

PROVISIONS FOR LIABILITIES

87,178

71,531

NET ASSETS

856,733

814,445

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

453,105

365,988

Retained earnings

9

403,528

448,357

SHAREHOLDERS' FUNDS

856,733

814,445

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

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

The director acknowledges her 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 director and authorised for issue on 26th November 2025 and were signed by:

Mrs J E House - Director

1.	STATUTORY INFORMATION

Whelan & Bailey 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.

Turnover

Turnover represents the net invoiced sales of services, excluding value added tax. Rental income is recognised when rent is due and is excluding value added tax.

Turnover for the prior period relates to the principal activity of building and project management. The principal activity for the company is now property rental and turnover represents the rental income.

Tangible fixed assets

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

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33.33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

-

319

1,590

1,054

2,963

Additions

5,593

-

-

-

5,593

At 31st March 2025

5,593

319

1,590

1,054

8,556

DEPRECIATION

At 1st April 2024

-

250

1,068

1,054

2,372

Charge for year

559

10

79

-

648

At 31st March 2025

559

260

1,147

1,054

3,020

NET BOOK VALUE

At 31st March 2025

5,034

59

443

-

5,536

At 31st March 2024

-

69

522

-

591

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

825,000

Revaluations

125,000

At 31st March 2025

950,000

NET BOOK VALUE

At 31st March 2025

950,000

At 31st March 2024

825,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2003

55,104

Valuation in 2015

166,034

Valuation in 2018

95,050

Valuation in 2022

125,000

Valuation in 2025

140,000

Cost

368,812

950,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

368,812

383,812

Investment property was valued on an open market basis on 31st March 2025 by the Director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

-

300

Prepayments

2,820

2,538

2,820

2,838

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

105

9,097

Other creditors

-

2,389

Directors' current accounts

25,616

23,227

Accrued expenses

1,987

1,890

27,708

36,603

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1st April 2024

448,357

365,988

814,345

Profit for the year

42,288

42,288

Property revaluation

(87,117

)

87,117

-

At 31st March 2025

403,528

453,105

856,633

10.	PENSION COMMITMENTS

During the year, the company contributed to the individual defined contribution schemes of its employees, and the contributions totalled £6,000 (2024 - £6,000).