Company Registration No. 06057974 (England and Wales)
WKCS 1801 LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
PAGES FOR FILING WITH REGISTRAR
WKCS 1801 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WKCS 1801 LIMITED
BALANCE SHEET
AS AT 31 MARCH 2020
31 March 2020
- 1 -
2020
2019
Notes
£
£
£
£
Fixed assets
Investments
3
50
50
Current assets
Debtors
4
425,000
450,000
Cash at bank and in hand
1
1
425,001
450,001
Creditors: amounts falling due within one year
5
(425,000)
(450,000)
Net current assets
1
1
Total assets less current liabilities
51
51
Capital and reserves
Called up share capital
51
51
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 19 March 2021
M Robinson
Director
Company Registration No. 06057974
WKCS 1801 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
- 2 -
1
Accounting policies
Company information
WKCS 1801 Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
2nd Floor, Regis House, 45 King William Street, London, United Kingdom, EC4R 9AN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed
for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1.3
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.4
Taxation
Tax
ation 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 tax
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.
WKCS 1801 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2020
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
1
1
3
Fixed asset investments
2020
2019
£
£
Other investments other than loans
50
50
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 April 2019 & 31 March 2020
50
Carrying amount
At 31 March 2020
50
At 31 March 2019
50
4
Debtors
2020
2019
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
425,000
450,000
5
Creditors: amounts falling due within one year
2020
2019
£
£
Amounts owed to group undertakings
425,000
450,000
WKCS 1801 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2020
- 4 -
6
Audit report information
As the income statement has been omitted from the filing copy of the financial statements
,
the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The auditor's report was unqualified.
The senior statutory auditor was John Howard.
The auditor was Azets Audit Services.
7
Related party transactions
The company has received an interest free loan from Paxton Holdings Limited. the company's parent undertaking, the amount outstanding at the year end was £425,000 (2019: £450,000). The company has given an interest free loan to Paxton Investments Limited, a company in which it has a participating interest, The amount outstanding at the year end was £425,000 (2019: £450,000)
Audit fees are paid by The Gramax Settlement.
8
Parent company
The ultimate controlling party are the Trustees of The Gramax Settlement which is based in Guernsey.