Walter & Partners Ltd - Accounts to registrar (filleted) - small 18.2

Walter & Partners Ltd - Accounts to registrar (filleted) - small 18.2

WALTER & PARTNERS LTD - Company Information

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REGISTERED NUMBER: 09259743 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

WALTER & PARTNERS LTD
WALTER & PARTNERS LTD (REGISTERED NUMBER: 09259743)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALTER & PARTNERS LTD


COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTORS: B D Walter
C Smith





REGISTERED OFFICE: Third Floor
14 Coach & Horses Yard
London
W1S 2EJ





REGISTERED NUMBER: 09259743 (England and Wales)





ACCOUNTANTS: Nunn Hayward LLP
Chartered Accountants
2-4 Packhorse Road
Gerrards Cross
Buckinghamshire
SL9 7QE
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WALTER & PARTNERS LTD (REGISTERED NUMBER: 09259743)


BALANCE SHEET
31 MARCH 2021

2021 2020
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 52,164 1,923

CURRENT ASSETS
Debtors 5 16,941 37,875
Cash at bank and in hand 101,600 60,955
118,541 98,830
CREDITORS
Amounts falling due within one year 6 36,606 39,597
NET CURRENT ASSETS 81,935 59,233
TOTAL ASSETS LESS CURRENT
LIABILITIES
134,099
61,156

CREDITORS
Amounts falling due after more than one year 7 (79,853 ) (57,073 )

PROVISIONS FOR LIABILITIES (9,911 ) (122 )
NET ASSETS 44,335 3,961

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 44,334 3,960
44,335 3,961

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 notes form part of these financial statements

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WALTER & PARTNERS LTD (REGISTERED NUMBER: 09259743)


BALANCE SHEET - continued
31 MARCH 2021


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 2 August 2021 and were signed on its behalf by:




B D Walter - Director



C Smith - Director


The notes form part of these financial statements

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WALTER & PARTNERS LTD (REGISTERED NUMBER: 09259743)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021


1. STATUTORY INFORMATION

Walter & Partners Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in the income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

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.

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WALTER & PARTNERS LTD (REGISTERED NUMBER: 09259743)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over the estimated useful lives. Those held under finance leases are depreciated over the estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the profit & loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2020 - 6,448 6,448
Additions 50,447 629 51,076
At 31 March 2021 50,447 7,077 57,524
DEPRECIATION
At 1 April 2020 - 4,525 4,525
Charge for year - 835 835
At 31 March 2021 - 5,360 5,360
NET BOOK VALUE
At 31 March 2021 50,447 1,717 52,164
At 31 March 2020 - 1,923 1,923

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Trade debtors - 1,500
Other debtors 16,941 36,375
16,941 37,875

5 continued...
WALTER & PARTNERS LTD (REGISTERED NUMBER: 09259743)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Hire purchase contracts 11,862 -
Trade creditors 1,200 2,784
Taxation and social security 4,586 12,883
Other creditors 18,958 23,930
36,606 39,597

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£ £
Hire purchase contracts 35,585 -
Other creditors 44,268 57,073
79,853 57,073

8. COVID 19

Since the balance sheet date, Covid-19 continues to affect the lives of people and businesses throughout the world. Although the company provides financial intermediation services, it has not been immune to the impact of Covid-19. The company has received government support available through the job retention scheme grant.

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