Little Wonder Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07300512 (England and Wales)

Financial Statements for the Year Ended 30 June 2023

for

Little Wonder Limited

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

Report of the Accountants

7

DIRECTORS:

Mr I Robin

Ms J A Gerver

REGISTERED OFFICE:

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

REGISTERED NUMBER:

07300512 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Tangible assets

4

425,000

400,000

CURRENT ASSETS

Cash at bank

14,844

20,712

CREDITORS

Amounts falling due within one year

5

(67,579

)

(61,782

)

NET CURRENT LIABILITIES

(52,735

)

(41,070

)

TOTAL ASSETS LESS CURRENT LIABILITIES

372,265

358,930

CREDITORS

Amounts falling due after more than one year

6

(38,806

)

(77,076

)

PROVISIONS FOR LIABILITIES

(21,548

)

(17,681

)

NET ASSETS

311,911

264,173

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

91,857

70,724

Retained earnings

219,954

193,349

SHAREHOLDERS' FUNDS

311,911

264,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:

Mr I Robin - Director

1.	STATUTORY INFORMATION

Little Wonder 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 as modified by the revaluation of certain assets.

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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 July 2022

400,000

Revaluations

25,000

At 30 June 2023

425,000

NET BOOK VALUE

At 30 June 2023

425,000

At 30 June 2022

400,000

Cost or valuation at 30 June 2023 is represented by:

Freehold

property

£

Valuation in 2017

400,000

Valuation in 2023

25,000

425,000

If Freehold Properties had not been revalued it would have been included at the following historical cost:

30.6.23

30.6.22

£

£

Cost

311,595

311,595

Value of land in freehold land and buildings

400,000

400,000

Freehold Properties were valued on Current market value basis on 30 June 2018 by Director of the company .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Taxation and social security

6,241

444

Other creditors

61,338

61,338

67,579

61,782

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.23

30.6.22

£

£

Other creditors

38,806

77,076

7.	SECURED DEBTS

The related party loans are secured by debentures on the freehold property.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Fair

value

reserve

£

At 1 July 2022

70,724

Fair value freehold Property

21,133

At 30 June 2023

91,857

10.	RELATED PARTY DISCLOSURES

Solarprobe Limited and Ms Janet Anne Gerver are the shareholders of Little Wonder Limited. An amount of £ 96,595 30.06.22 £ 136,595) was loaned to the company as follows.

30/06/2023

30/06/2022

Solarprobe Limited

£ 48,297.50

£ 68,297

Ms Janet Anne Gerver

£ 48,297.50

£ 68,298

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

Date: .............................................