Warwick Land Limited - Accounts to registrar (filleted) - small 18.2
Warwick Land Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2021 |
| for |
| WARWICK LAND LIMITED |
| WARWICK LAND LIMITED (REGISTERED NUMBER: 03678623) |
| Contents of the Financial Statements |
| for the year ended 31 March 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| WARWICK LAND LIMITED |
| Company Information |
| for the year ended 31 March 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditor |
| Chartered Accountants |
| 9 Worton Park |
| Cassington |
| Witney |
| Oxfordshire |
| OX29 4SX |
| WARWICK LAND LIMITED (REGISTERED NUMBER: 03678623) |
| Balance Sheet |
| 31 March 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Fair value reserve | 8 | ( |
) | ( |
) |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| WARWICK LAND LIMITED (REGISTERED NUMBER: 03678623) |
| Notes to the Financial Statements |
| for the year ended 31 March 2021 |
| 1. | STATUTORY INFORMATION |
| Warwick Land Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis as, in the opinion of the directors, the company has adequate facilities available to meet its debts as and when they become payable. |
| Turnover |
| The turnover shown in the profit and loss account represents rents and service charges receivable during the year. |
| 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. |
| 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. |
| 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 year 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2020 - NIL). |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2020 |
| and 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| The investment properties are valued at £3,500,000 on an open market value basis as at 31st March 2021. This value has been provided based on the assessment made by the directors, in accordance with note 2. The historical cost of the properties is £4,399,641 (2020 £4,399,641). |
| WARWICK LAND LIMITED (REGISTERED NUMBER: 03678623) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2021 |
| 4. | INVESTMENT PROPERTY - continued |
| Fair value at 31 March 2021 is represented by: |
| £ |
| Valuation in 2017 | (899,641 | ) |
| Cost | 4,399,641 |
| 3,500,000 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2021 | 2020 |
| £ | £ |
| Cost | 4,699,641 | 4,699,641 |
| Investment properties were valued on an open market basis on 31 March 2021 by the directors . |
| 5. | DEBTORS |
| 2021 | 2020 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors | ( |
) | ( |
) |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | 1 | 1,000 | 1,000 |
| 8. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 April 2020 |
| and 31 March 2021 | ( |
) |
| WARWICK LAND LIMITED (REGISTERED NUMBER: 03678623) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2021 |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
| In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
| 11. | ULTIMATE CONTROLLING PARTY |
| Watu Limited (registered in Guernsey) is regarded by the directors as being the company's parent company. |