Wall House Management Limited - Accounts to registrar (filleted) - small 18.2

Wall House Management Limited - Accounts to registrar (filleted) - small 18.2

WALL HOUSE MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 09377221 (England and Wales)















WALL HOUSE MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019






WALL HOUSE MANAGEMENT LIMITED (REGISTERED NUMBER: 09377221)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WALL HOUSE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2019







DIRECTOR: R C Deering





REGISTERED OFFICE: The Wall House
Bucks Alley
Little Berkhamsted
Hertfordshire
SG13 8LR





REGISTERED NUMBER: 09377221 (England and Wales)
Page 1
WALL HOUSE MANAGEMENT LIMITED (REGISTERED NUMBER: 09377221)

BALANCE SHEET
31 JANUARY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investments 5 20 20
Investment property 6 266,284 -
266,304 20

CURRENT ASSETS
Debtors 7 734 246,020
Cash at bank 195 4,251
929 250,271
CREDITORS
Amounts falling due within one year 8 171,582 206,326
NET CURRENT (LIABILITIES)/ASSETS (170,653 ) 43,945
TOTAL ASSETS LESS CURRENT
LIABILITIES
95,651
43,965

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 95,551 43,865
SHAREHOLDERS' FUNDS 95,651 43,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 on 30 October 2019 and were signed by:



R C Deering - Director


The notes form part of these financial statements

Page 2
WALL HOUSE MANAGEMENT LIMITED (REGISTERED NUMBER: 09377221)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019


1. STATUTORY INFORMATION

Wall House Management Limited is a private company limited by share capital registered in England
and Wales. The registered office is The Wall House Bucks Alley, Little Berkhamsted, Hertford,
Hertfordshire, SG13 8LR.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared using historical cost convention as modified by the
revaluation of certain assets.

Going concern
After reviewing the Company's forecasts and projections and taking into account the economic
conditions and possible changes in trading performance, the director has a reasonable expectation
that the Company has adequate resources to continue in operational existence for the foreseeable
future. The Company therefore continues to adopt the going concern basis in preparing its financial
statements.

Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and
assumptions about the carrying values of assets and liabilities that are not readily apparent from other
sources. The estimates and underlying assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects both
current and future periods.

There are no key judgements and sources of estimation uncertainty that have a significant effect on
the amounts recognised in the financial statements.

Turnover
Turnover is represented by gross rents receivable from tenants of the company's investment property.

Investments in associates
Investments in associate undertakings are recognised at cost less any provision for impairment.

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.


Page 3 continued...
WALL HOUSE MANAGEMENT LIMITED (REGISTERED NUMBER: 09377221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019


3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Trade and other debtors
Trade and other debtors are measured at transaction price less any impairment unless the
arrangement constitutes a financing transaction in which case the transaction is measured at the
present value of the future receipts discounted at the prevailing market rate of interest . Loans are
initially measured at fair value and are subsequently measured at amortised cost using the effective
interest method less any impairment.

Trade and other creditors
Trade and other creditors are measured at their transaction price unless the arrangement constitutes a
financing transaction in which case the transaction is measured at present value of future payments
discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair
value net of their transaction costs. They are subsequently measured at amortised cost using the
effective interest method.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term
deposits with an original maturity date of three months or less.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

5. FIXED ASSET INVESTMENTS
Interest
in
associate
undertaking
£   
COST
At 1 February 2018
and 31 January 2019 40
PROVISIONS
At 1 February 2018
and 31 January 2019 20
NET BOOK VALUE
At 31 January 2019 20
At 31 January 2018 20

Page 4 continued...
WALL HOUSE MANAGEMENT LIMITED (REGISTERED NUMBER: 09377221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 266,284
At 31 January 2019 266,284
NET BOOK VALUE
At 31 January 2019 266,284

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 734 246,020

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 1,056 -
Other creditors 170,526 206,326
171,582 206,326

9. RELATED PARTY DISCLOSURES

At the year end the company owed £141,551 (2018: £205,623) to Mr R C Deering, director and
shareholder. No interest was charged on this loan during the year.

At the year end the company owed £27,000 (2018: £Nil) to Bob Deering Limited, a company under
common control. No interest was charged on this loan during the year.

Page 5