The Warwick Suite Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 00062857 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2022

for

The Warwick Suite Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R I Barber

D J Gray

P R Hargreaves

P J Smith

I Tetley

M D Wilkinson

D D Feraru

SECRETARY:

P J Smith

REGISTERED OFFICE:

Masonic Hall The Allerton

Nursery Lane

Alwoodley

Leeds

West Yorkshire

LS17 7HW

REGISTERED NUMBER:

00062857 (England and Wales)

ACCOUNTANTS:

Hope Agar Limited

Chartered Accountants

24a Marsh Street

Rothwell

Leeds

LS26 0BB

FIXED ASSETS

Tangible assets

4

5,890

6,930

Investment property

5

1,555,546

1,555,546

1,561,436

1,562,476

CURRENT ASSETS

Debtors

6

61,548

72,143

Cash at bank

36,061

5,820

97,609

77,963

CREDITORS

Amounts falling due within one year

7

132,144

95,866

NET CURRENT LIABILITIES

(34,535

)

(17,903

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,526,901

1,544,573

CREDITORS

Amounts falling due after more than one year

8

184,150

236,463

NET ASSETS

1,342,751

1,308,110

CAPITAL AND RESERVES

Called up share capital

9

383,396

383,396

Other reserves

10

592,482

592,482

Retained earnings

10

366,873

332,232

SHAREHOLDERS' FUNDS

1,342,751

1,308,110

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2023 and were signed on its behalf by:

I Tetley - Director

1.	STATUTORY INFORMATION

The Warwick Suite 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.

Fixtures and fittings

-

15% on reducing balance

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 Statement of Income and Retained Earnings, 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 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

and 31 December 2022

32,268

DEPRECIATION

At 1 January 2022

25,338

Charge for year

1,040

At 31 December 2022

26,378

NET BOOK VALUE

At 31 December 2022

5,890

At 31 December 2021

6,930

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2022

and 31 December 2022

1,555,546

NET BOOK VALUE

At 31 December 2022

1,555,546

At 31 December 2021

1,555,546

The 2022 valuations were made by the directors, on an open market value basis.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Other debtors

149

-

Deferred tax

33,086

41,235

Prepayments

28,313

30,908

61,548

72,143

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts

2,600

2,914

Other loans

15,000

-

VAT

4,406

3,331

Directors' loan accounts

75,000

60,000

Accrued expenses

35,138

29,621

132,144

95,866

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans - 1-2 years

2,600

2,914

Bank loans - 2-5 years

4,550

6,549

Other loans - 1-2 years

-

50,000

Other loans - 2-5 years

177,000

177,000

184,150

236,463

The loan notes have interest payable on them at a rate of 5% per annum and are repayable in less than one year £15,000 and over one year £177,000.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

77,146

Ordinary shares

£1

77,146

77,146

306,250

B Ordinary shares

£1

306,250

306,250

383,396

383,396

The Ordinary shares have equal voting rights and participation in distributions via dividends and return of capital.

The B Ordinary shares carry no voting rights and no entitlement to dividends.

10.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 January 2022

332,232

592,482

924,714

Profit for the year

34,641

34,641

At 31 December 2022

366,873

592,482

959,355

Included in other reserves at 31 December 2022 and 2021 are investment property reserves of £592,375 and other reserves of £107. These reserves are not available for distribution to shareholders.

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.