Company Registration No. 10021366 (England and Wales)
Walsingham Ltd
Unaudited accounts
for the period from 1 March 2017 to 31 December 2017
Walsingham Ltd
Unaudited accounts
Contents
Walsingham Ltd
Company Information
for the period from 1 March 2017 to 31 December 2017
Company Number
10021366 (England and Wales)
Registered Office
Upper Floors
99 Clapton Common
London
E5 9AB
Accountants
Precision Ltd
32 Castlewood Road
London
N16 6DW
Walsingham Ltd
Statement of financial position
as at 31 December 2017
Investment property
4,326,742
3,282,685
Cash at bank and in hand
43,115
(117)
Creditors: amounts falling due within one year
(1,765,297)
(1,315,144)
Net current liabilities
(1,693,856)
(1,310,233)
Total assets less current liabilities
2,632,886
1,972,452
Creditors: amounts falling due after more than one year
(2,807,030)
(2,015,000)
Net liabilities
(174,144)
(42,548)
Called up share capital
100
100
Profit and loss account
(174,244)
(42,648)
Shareholders' funds
(174,144)
(42,548)
For the period ending 31 December 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 February 2019.
Yisroel Kohn
Director
Company Registration No. 10021366
Walsingham Ltd
Notes to the Accounts
for the period from 1 March 2017 to 31 December 2017
Walsingham Ltd is a private company, limited by shares, registered in England and Wales, registration number 10021366. The registered office is Upper Floors, 99 Clapton Common, London, E5 9AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
31/12/2017
Fair value at 1 March 2017
3,282,685
At 31 December 2017
4,326,742
5
Debtors
31/12/2017
28/02/2017
Trade debtors
28,326
5,028
6
Creditors: amounts falling due within one year
31/12/2017
28/02/2017
Taxes and social security
(24,243)
-
Other creditors
1,774,340
1,313,944
Walsingham Ltd
Notes to the Accounts
for the period from 1 March 2017 to 31 December 2017
7
Creditors: amounts falling due after more than one year
31/12/2017
28/02/2017
Bank loans
2,807,030
2,015,000
8
Share capital
31/12/2017
28/02/2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the period the average number of employees was 0 (28/02/2017: 0).
