Warrington Business Centre Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04139089 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2022

for

Warrington Business Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Roberts

SECRETARY:

REGISTERED OFFICE:

Winnington Hall

Winnington Lane

Northwich

Cheshire

CW8 4DU

REGISTERED NUMBER:

04139089 (England and Wales)

ACCOUNTANTS:

Anderson & Company

Winnington Hall

Northwich

Cheshire

CW8 4DU

FIXED ASSETS

Tangible assets

4

1,269,238

1,271,451

CURRENT ASSETS

Debtors

5

14,911

16,606

Cash at bank and in hand

14,037

25,641

28,948

42,247

CREDITORS

Amounts falling due within one year

6

12,834

18,661

NET CURRENT ASSETS

16,114

23,586

TOTAL ASSETS LESS CURRENT LIABILITIES

1,285,352

1,295,037

CREDITORS

Amounts falling due after more than one year

7

811,014

809,993

NET ASSETS

474,338

485,044

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

472,875

472,875

Retained earnings

1,363

12,069

474,338

485,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 February 2023 and were signed by:

M Roberts - Director

1.	STATUTORY INFORMATION

Warrington Business Centre Limited 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.

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.

Land and buildings

-

not provided

Plant and machinery etc

-

20% on 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 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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2021

1,250,000

98,838

1,348,838

Additions

-

8,792

8,792

At 31 May 2022

1,250,000

107,630

1,357,630

DEPRECIATION

At 1 June 2021

-

77,387

77,387

Charge for year

-

11,005

11,005

At 31 May 2022

-

88,392

88,392

NET BOOK VALUE

At 31 May 2022

1,250,000

19,238

1,269,238

At 31 May 2021

1,250,000

21,451

1,271,451

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Trade debtors

11,379

14,418

Other debtors

3,532

2,188

14,911

16,606

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans and overdrafts

8,479

8,479

Taxation and social security

172

4,267

Other creditors

4,183

5,915

12,834

18,661

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans

29,292

37,771

Amounts owed by group undertakings

781,722

772,222

811,014

809,993

8.

RESERVES

Revaluation

reserve

£

At 1 June 2021

and 31 May 2022

472,875

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M Roberts.