Whalebones Properties Limited Filleted accounts for Companies House (small and micro)
Whalebones Properties Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
12609075
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Financial Statements |
Year ended 31 May 2022
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Debtors |
5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions |
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– |
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Net assets |
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Capital and reserves
Called up share capital |
7 |
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Revaluation reserve |
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– |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
14 February 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
12609075
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Notes to the Financial Statements |
Year ended 31 May 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 West Burrowfield, Welwyn Garden City, England, AL7 4TW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Tangible assets
Fixtures and fittings |
Investment properties |
Total |
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£ |
£ |
£ |
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Cost or valuation |
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At 1 June 2021 |
– |
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Additions |
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Revaluations |
– |
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At 31 May 2022 |
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Depreciation |
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At 1 June 2021 and 31 May 2022 |
– |
– |
– |
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Carrying amount |
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At 31 May 2022 |
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At 31 May 2021 |
– |
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5.
Debtors
2022 |
2021 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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– |
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6.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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7.
Called up share capital
Issued, called up and fully paid
2022 |
2021 |
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No. |
£ |
No. |
£ |
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3 |
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3 |
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1 |
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1 |
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1 |
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1 |
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1 |
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1 |
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