| WYLVA PROPERTIES LIMITED |
| Registered number: |
13424213 |
| Balance Sheet |
| as at 31 December 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
5,586,000 |
|
|
5,700,000 |
|
| Current assets |
| Debtors |
4 |
|
100 |
|
|
100 |
|
| Creditors: amounts falling due within one year |
5 |
|
(2,661,302) |
|
|
(2,772,229) |
|
| Net current liabilities |
|
|
|
(2,661,202) |
|
|
(2,772,129) |
|
| Total assets less current liabilities |
|
|
|
2,924,798 |
|
|
2,927,871 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(2,936,833) |
|
|
(2,927,951) |
|
|
|
| Net liabilities |
|
|
|
(12,035) |
|
|
(80) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(12,135) |
|
|
(180) |
|
| Shareholders' funds |
|
|
|
(12,035) |
|
|
(80) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr B Hindocha |
| Director |
| Approved by the board on 4 July 2023 |
|
| WYLVA PROPERTIES LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2022 |
|
|
| 1 |
Accounting policies |
|
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Car Park |
2% straight line over 50 years |
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Freehold Land and buildings |
|
Car park |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2022 |
4,300,000 |
|
1,400,000 |
|
5,700,000 |
|
At 31 December 2022 |
4,300,000 |
|
1,400,000 |
|
5,700,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
86,000 |
|
28,000 |
|
114,000 |
|
At 31 December 2022 |
86,000 |
|
28,000 |
|
114,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2022 |
4,214,000 |
|
1,372,000 |
|
5,586,000 |
|
At 31 December 2021 |
4,300,000 |
|
1,400,000 |
|
5,700,000 |
|
|
| 4 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
2,660,622 |
|
2,772,049 |
|
Other creditors |
680 |
|
180 |
|
|
|
|
|
|
2,661,302 |
|
2,772,229 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loans |
2,936,833 |
|
2,927,951 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
Wylva properties Limited is 100% owned subsidiary of Wylva Trading Limited. |
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
WYLVA PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Marlow Club |
|
Globeside Business Park |
|
Fieldhouse Lane |
|
Marlow |
|
SL7 1LU |
