W And M Capital Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09634215 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

W And M Capital Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

CURRENT ASSETS

Stocks

157,858

157,858

Cash at bank

7,259

3,666

165,117

161,524

CREDITORS

Amounts falling due within one year

4

2,822

6,146

NET CURRENT ASSETS

162,295

155,378

TOTAL ASSETS LESS CURRENT LIABILITIES

162,295

155,378

CREDITORS

Amounts falling due after more than one year

5

192,536

183,006

NET LIABILITIES

(30,241

)

(27,628

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(30,243

)

(27,630

)

SHAREHOLDERS' FUNDS

(30,241

)

(27,628

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 March 2022 and were signed on its behalf by:

M Winter - Director

1.	STATUTORY INFORMATION

W And M Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09634215

Registered office:

South Staffs Freight Building

Lynn Lane

Shenstone

Lichfield

Staffordshire

WS14 0ED

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises rents receivable for the year.

Stocks

Stock represents properties held for re-development and include initial purchase price and any subsequent development costs. Provision is made where the net realisable value is expected to be less than cost.

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 statement of financial position date.

Going concern - financial support

In the opinion of the director, continued financial support will be available such that the company will continue trading and satisfy financial commitments.

On the basis of this opinion, the financial statements have been prepared on a going concern basis. If, for whatever reason, the financial support is not forthcoming, then this basis may be inappropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Amounts owed to group undertakings

-

120

Taxation and social security

1,623

1,962

Other creditors

1,199

4,064

2,822

6,146

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Amounts owed to group undertakings

122,858

122,858

Other creditors

69,678

60,148

192,536

183,006