Waltham Hall Properties Limited 30/09/2018 iXBRL

Waltham Hall Properties Limited 30/09/2018 iXBRL

WALTHAM HALL PROPERTIES LIMITED - Company Information

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30/09/2018 2018-09-30 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2017-10-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 10778586 2017-10-01 2018-09-30 10778586 2018-09-30 10778586 2017-09-30 10778586 2016-10-01 2017-09-30 10778586 2017-09-30 10778586 bus:Director2 2017-10-01 2018-09-30 10778586 core:LandBuildings core:OwnedOrFreeholdAssets 2018-09-30 10778586 core:ShareCapital 2016-10-01 2017-09-30 10778586 core:RetainedEarningsAccumulatedLosses 2016-10-01 2017-09-30 10778586 core:RetainedEarningsAccumulatedLosses 2017-10-01 2018-09-30 10778586 core:WithinOneYear 2018-09-30 10778586 core:WithinOneYear 2017-09-30 10778586 core:AfterOneYear 2018-09-30 10778586 core:AfterOneYear 2017-09-30 10778586 core:ShareCapital 2018-09-30 10778586 core:ShareCapital 2017-09-30 10778586 core:RetainedEarningsAccumulatedLosses 2018-09-30 10778586 core:RetainedEarningsAccumulatedLosses 2017-09-30 10778586 core:LandBuildings core:OwnedOrFreeholdAssets 2017-09-30 10778586 core:LandBuildings core:OwnedOrFreeholdAssets 2017-09-30 10778586 bus:SmallEntities 2017-10-01 2018-09-30 10778586 bus:AuditExemptWithAccountantsReport 2017-10-01 2018-09-30 10778586 bus:FullAccounts 2017-10-01 2018-09-30 10778586 bus:SmallCompaniesRegimeForAccounts 2017-10-01 2018-09-30 10778586 bus:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30 10778586 core:ConstructionInProgressAssetsUnderConstruction 2018-09-30
Company registration number: 10778586
Waltham Hall Properties Limited
Unaudited filleted financial statements
30 September 2018
Waltham Hall Properties Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Waltham Hall Properties Limited
Statement of financial position
30 September 2018
30/09/18 30/09/17
Note £ £ £ £
Fixed assets
Tangible assets 4 1,233,349 1,230,635
_______ _______
1,233,349 1,230,635
Current assets
Debtors 5 32,489 28,745
Cash at bank and in hand 103,066 17,499
_______ _______
135,555 46,244
Creditors: amounts falling due
within one year 6 ( 78,257) ( 14,011)
_______ _______
Net current assets 57,298 32,233
_______ _______
Total assets less current liabilities 1,290,647 1,262,868
Creditors: amounts falling due
after more than one year 7 ( 1,260,635) ( 1,260,635)
_______ _______
Net assets 30,012 2,233
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 29,012 1,233
_______ _______
Shareholders funds 30,012 2,233
_______ _______
For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 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.
These financial statements were approved by the board of directors and authorised for issue on 11 March 2019 , and are signed on behalf of the board by:
J R Latham
Director
Company registration number: 10778586
Waltham Hall Properties Limited
Statement of changes in equity
Year ended 30 September 2018
Called up share capital Profit and loss account Total
£ £ £
At 1 October 2016 - - -
Profit for the year 1,233 1,233
_______ _______ _______
Total comprehensive income for the year - 1,233 1,233
Issue of shares 1,000 1,000
_______ _______ _______
Total investments by and distributions to owners 1,000 - 1,000
_______ _______ _______
At 30 September 2017 and 1 October 2017 1,000 1,233 2,233
Profit for the year 27,779 27,779
_______ _______ _______
Total comprehensive income for the year - 27,779 27,779
_______ _______ _______
At 30 September 2018 1,000 29,012 30,012
_______ _______ _______
Waltham Hall Properties Limited
Notes to the financial statements
Year ended 30 September 2018
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 169 New London Road, Chelmsford, Essex, CM2 0AE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the histrocial cost basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Investment property
Investment property is measured initially 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. If a reliable measure of fair value is not available without undue cost or effort it shall be transferred to tangible assets and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.
Financial instruments
The company only enters into basic financial intrument transactions that result in the recognition of financial assets and liabilities like trade and other receivables and payable.Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.
4. Tangible assets
Freehold property Assets under construction Total
£ £ £
Cost
At 1 October 2017 1,230,635 - 1,230,635
Additions - 2,714 2,714
_______ _______ _______
At 30 September 2018 1,230,635 2,714 1,233,349
_______ _______ _______
Depreciation
At 1 October 2017 and 30 September 2018 - - -
_______ _______ _______
Carrying amount
At 30 September 2018 1,230,635 2,714 1,233,349
_______ _______ _______
At 30 September 2017 1,230,635 - 1,230,635
_______ _______ _______
5. Debtors
30/09/18 30/09/17
£ £
Trade debtors 12,244 800
Other debtors 20,245 27,945
_______ _______
32,489 28,745
_______ _______
6. Creditors: amounts falling due within one year
30/09/18 30/09/17
£ £
Trade creditors 68 -
Corporation tax 15,651 2,072
Social security and other taxes 4,151 -
Other creditors 58,387 11,939
_______ _______
78,257 14,011
_______ _______
7. Creditors: amounts falling due after more than one year
30/09/18 30/09/17
£ £
Other creditors 1,260,635 1,260,635
_______ _______