Wellingtom Homes Estates Limited - Accounts to registrar (filleted) - small 18.2
Wellingtom Homes Estates Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
WELLINGTOM HOMES ESTATES LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
9 AUGUST 2019 TO 31 AUGUST 2020 |
WELLINGTOM HOMES ESTATES LIMITED (REGISTERED NUMBER: 12147416) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 9 AUGUST 2019 TO 31 AUGUST 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 6 |
WELLINGTOM HOMES ESTATES LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 9 AUGUST 2019 TO 31 AUGUST 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
First Floor |
94 Stamford Hill |
London |
N16 6XS |
WELLINGTOM HOMES ESTATES LIMITED (REGISTERED NUMBER: 12147416) |
BALANCE SHEET |
31 AUGUST 2020 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
WELLINGTOM HOMES ESTATES LIMITED (REGISTERED NUMBER: 12147416) |
BALANCE SHEET - continued |
31 AUGUST 2020 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
WELLINGTOM HOMES ESTATES LIMITED (REGISTERED NUMBER: 12147416) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 9 AUGUST 2019 TO 31 AUGUST 2020 |
1. | STATUTORY INFORMATION |
Wellingtom Homes Estates Limited is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the historical cost basis, as modified to include investment properties measured at fair value through profit or loss. |
Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Turnover |
Turnover is recognised at the fair value of the consideration receivable in respect of services provided in the normal course of business. The turnover of the company is represented by rents and charges receivable in respect of the company's investment portfolio. |
Investment property |
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. It is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
WELLINGTOM HOMES ESTATES LIMITED (REGISTERED NUMBER: 12147416) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 9 AUGUST 2019 TO 31 AUGUST 2020 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 August 2020 |
NET BOOK VALUE |
At 31 August 2020 |
The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the company's directors who have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same location. |
The historical cost of investment properties at 31 August 2020 is £248,859. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more than 5 years by non-instalments |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans |
The bank loan is secured by a legal charge over the company's investment properties. |
WELLINGTOM HOMES ESTATES LIMITED (REGISTERED NUMBER: 12147416) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 9 AUGUST 2019 TO 31 AUGUST 2020 |
10. | RELATED PARTY DISCLOSURES |
Other debtors include amounts aggregating £16,000 due from related companies under common control. |
Other creditors include amounts aggregating £250,000 due to related companies under common control. |