Company Registration No. 02341574 (England and Wales)
Wellesbourne Property Management Limited
Unaudited accounts
for the year ended 31 March 2022
Wellesbourne Property Management Limited
Unaudited accounts
Contents
Wellesbourne Property Management Limited
Company Information
for the year ended 31 March 2022
Director
Ann Felicity Bowes
Company Number
02341574 (England and Wales)
Registered Office
Hailstone Farm
Blockley
Moreton in Marsh
Gloucestershire
GL56 9TA
Accountants
Stratford Tax Studio
57a Henley Street
Stratford upon Avon
Warwickshire
CV37 6PT
Wellesbourne Property Management Limited
Statement of financial position
as at
31 March 2022
Tangible assets
14,210
21,326
Investment property
7,389,892
7,389,076
Cash at bank and in hand
1,798,413
1,412,762
Creditors: amounts falling due within one year
(4,544,396)
(4,472,026)
Net current liabilities
(2,513,852)
(2,853,652)
Total assets less current liabilities
4,890,250
4,556,750
Creditors: amounts falling due after more than one year
(500,000)
(500,000)
Provisions for liabilities
Deferred tax
(257,659)
(257,659)
Net assets
4,132,591
3,799,091
Called up share capital
150,002
150,002
Profit and loss account
3,982,589
3,649,089
Shareholders' funds
4,132,591
3,799,091
For the year ending 31 March 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 her 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 22 August 2022 and were signed on its behalf by
Ann Felicity Bowes
Director
Company Registration No. 02341574
Wellesbourne Property Management Limited
Notes to the Accounts
for the year ended 31 March 2022
Wellesbourne Property Management Limited is a private company, limited by shares, registered in England and Wales, registration number 02341574. The registered office is Hailstone Farm, Blockley, Moreton in Marsh, Gloucestershire, GL56 9TA.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Wellesbourne Property Management Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2021
122,434
27,227
149,661
At 31 March 2022
122,434
27,227
149,661
At 1 April 2021
104,453
23,882
128,335
Charge for the year
6,281
835
7,116
At 31 March 2022
110,734
24,717
135,451
At 31 March 2022
11,700
2,510
14,210
At 31 March 2021
17,981
3,345
21,326
5
Investment property
2022
Fair value at 1 April 2021
7,389,076
At 31 March 2022
7,389,892
The properties were revalued by Barber Wadlow dated 2 July 2019 . The Director considers this as indicative of the valuation of the properties on 31 March 2022 as adjusted by additional work done on one of the properties.
Amounts falling due within one year
Trade debtors
224,893
198,627
Other debtors
7,238
6,985
7
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
103,022
95,004
Other creditors
961,729
866,466
Loans from directors
3,479,645
3,510,556
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
500,000
500,000
Wellesbourne Property Management Limited
Notes to the Accounts
for the year ended 31 March 2022
9
Transactions with related parties
Ingwenya LLP - a partnership in which Mr B Eccles (deceased 1 May 2022) and Mrs A F Bowes are members:-
Amounts owed to Ingwenya LLP - £836,604
Amounts owed by Ingwenya LLP - £224,894
10
Average number of employees
During the year the average number of employees was 1 (2021: 2).