| WDA CO. LTD |
| Registered number: |
12960434 |
| Balance Sheet |
| as at 31 October 2021 |
|
| Notes |
|
|
2021 |
|
| £ |
|
| Fixed assets |
| Investment property |
3 |
|
|
391,374 |
|
|
|
|
391,374 |
|
|
| Current assets |
| Debtors |
4 |
|
1,817 |
| Cash at bank and in hand |
|
|
1,006 |
|
|
|
2,823 |
|
|
|
| Creditors: amounts falling due within one year |
5 |
|
(398,796) |
|
| Net current liabilities |
|
|
|
(395,973) |
|
|
| Total assets less current liabilities |
|
|
|
(4,599) |
|
|
|
| Net liabilities |
|
|
|
(4,599) |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
| Profit and loss account |
|
|
|
(4,699) |
|
| Shareholders' funds |
|
|
|
(4,599) |
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Wai Yee Rose Leung |
| Director |
| Approved by the board on 8 March 2022 |
|
| WDA CO. LTD |
| Notes to the Accounts |
| for the period from 19 October 2020 to 31 October 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rents receivable. |
|
|
Investment properties |
|
Investments property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Employees |
2021 |
|
| Number |
|
|
|
Average number of persons employed by the company |
2 |
|
|
|
|
|
|
|
|
|
| 3 |
Investment property |
| Investments in |
| subsidiary |
Other |
| undertakings |
investments |
Total |
Total |
| £ |
£ |
£ |
£ |
|
Fair value |
|
At 19 October 2020 |
- |
|
- |
|
- |
|
- |
|
Additions |
- |
|
391,374 |
|
391,374 |
|
391,374 |
|
|
At 31 October 2021 |
- |
|
391,374 |
|
391,374 |
|
391,374 |
|
|
|
|
|
|
|
|
Historical cost |
|
At 19 October 2020 |
- |
|
- |
|
At 31 October 2021 |
- |
|
391,374 |
|
|
|
|
|
|
|
|
It has been concluded by the director that the open market value of the properties at the period end should equate to the historical cost value. Being the total value of the costs associated with acquiring the properties within the period. |
|
|
| 4 |
Debtors |
2021 |
|
| £ |
|
|
|
Trade debtors |
1,334 |
|
Other debtors |
483 |
|
|
|
|
|
|
1,817 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2021 |
|
| £ |
|
|
|
Other creditors |
398,796 |
|
|
|
|
|
|
|
|
|
|
Loans payable are unsecured, bear no interest and have no fixed repayment term. |
|
| 6 |
Controlling party |
|
|
The company is controlled by the director and a member of their family by virtue of holding 100% of the issued ordinary share capital. |
|
|
| 7 |
Other information |
|
|
WDA CO. LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
26 Ilchester Crescent |
|
Bristol |
|
BS13 7HL |
