WKD PROPERTIES LIMITED

WKD PROPERTIES LIMITED

WKD PROPERTIES LIMITED - Company Information

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WKD PROPERTIES LIMITED

Company Registration Number:
03771097 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2020

Period of accounts

Start date: 01 June 2019

End date: 31 May 2020

WKD PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2020

Balance sheet
Notes

WKD PROPERTIES LIMITED

Balance sheet

As at 31 May 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 373,126 372,268
Investments:   0 0
Total fixed assets: 373,126 372,268
Current assets
Stocks: 12,430 17,268
Debtors:   363,131 354,224
Cash at bank and in hand: 4,313 45,578
Investments:   0 0
Total current assets: 379,874 417,070
Creditors: amounts falling due within one year:   (82,561) (138,438)
Net current assets (liabilities): 297,313 278,632
Total assets less current liabilities: 670,439 650,900
Creditors: amounts falling due after more than one year:   (522,484) (465,348)
Provision for liabilities: (8,538) (5,518)
Total net assets (liabilities): 139,417 180,034
Capital and reserves
Called up share capital: 2,000 2,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 137,417 178,034
Shareholders funds: 139,417 180,034

The notes form part of these financial statements

WKD PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 May 2020 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 February 2021
and signed on behalf of the board by:

Name: S Jones
Status: Director

The notes form part of these financial statements

WKD PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WKD PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

2. Employees

2020 2019
Average number of employees during the period 15 15

WKD PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

3. Tangible Assets

Total
Cost £
At 01 June 2019 699,339
Additions 12,818
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2020 712,157
Depreciation
At 01 June 2019 327,071
Charge for year 11,960
On disposals 0
Other adjustments 0
At 31 May 2020 339,031
Net book value
At 31 May 2020 373,126
At 31 May 2019 372,268

WKD PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

4. Related party transactions

Name of the related party: GB & SJ Ltd
Relationship:
Ultimate parent
Description of the Transaction: During the year WKD Properties Limited was charged management fees of £23,500 by the group's ultimate parent company GB & SJ Limited.
£
Balance at 01 June 2019 350,868
Balance at 31 May 2020 354,397