Company Registration No. 07220950 (England and Wales)
WEINLAND ESTATES LTD
Unaudited accounts
for the year ended 30 April 2022
WEINLAND ESTATES LTD
Unaudited accounts
Contents
WEINLAND ESTATES LTD
Company Information
for the year ended 30 April 2022
Company Number
07220950 (England and Wales)
Registered Office
89 RAVENSDALE ROAD
LONDON
N16 6TH
Accountants
Finer Accounting Ltd
36 Ravensdale Road
London
N16 6SH
WEINLAND ESTATES LTD
Statement of financial position
as at 30 April 2022
Investment property
624,360
624,360
Cash at bank and in hand
3,165
3,831
Creditors: amounts falling due within one year
(101,953)
(113,259)
Net current liabilities
(82,513)
(102,843)
Total assets less current liabilities
541,847
521,517
Creditors: amounts falling due after more than one year
(188,100)
(174,556)
Provisions for liabilities
Deferred tax
(34,580)
(34,580)
Net assets
319,167
312,381
Called up share capital
1
1
Revaluation reserve
185,420
196,486
Profit and loss account
133,746
115,894
Shareholders' funds
319,167
312,381
For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 April 2023 and were signed on its behalf by
A Schlesinger
Director
Company Registration No. 07220950
WEINLAND ESTATES LTD
Notes to the Accounts
for the year ended 30 April 2022
WEINLAND ESTATES LTD is a private company, limited by shares, registered in England and Wales, registration number 07220950. The registered office is 89 RAVENSDALE ROAD, LONDON, N16 6TH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
30 April 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
10 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 May 2021
624,360
The historical cost at 30 April 22 is £404,360.
WEINLAND ESTATES LTD
Notes to the Accounts
for the year ended 30 April 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
37,827
9,143
Trade creditors
1,620
3,200
Taxes and social security
7,610
3,423
Other creditors
54,896
97,493
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
188,100
174,556
8
Deferred taxation
2022
2021
Accelerated capital allowances
34,580
34,580
Provision at start of year
34,580
34,580
Provision at end of year
34,580
34,580
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
10
Reconciliations on adoption of FRS 102
