WAXHOUSEGATE INVESTMENTS LIMITED

WAXHOUSEGATE INVESTMENTS LIMITED

WAXHOUSEGATE INVESTMENTS LIMITED - Company Information

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WAXHOUSEGATE INVESTMENTS LIMITED

Company Registration Number:
01345172 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

WAXHOUSEGATE INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

WAXHOUSEGATE INVESTMENTS LIMITED

Balance sheet

As at 31 December 2022


Notes
2022
9 months to 31 December 2021


£
£
Fixed assets
Tangible assets: 3 4,875,585 4,875,743
Total fixed assets: 4,875,585 4,875,743
Current assets
Debtors:   2,000 23,000
Cash at bank and in hand: 223,913 223,706
Total current assets: 225,913 246,706
Creditors: amounts falling due within one year:   (71,755) (69,335)
Net current assets (liabilities): 154,158 177,371
Total assets less current liabilities: 5,029,743 5,053,114
Provision for liabilities: (510,886) (510,886)
Total net assets (liabilities): 4,518,857 4,542,228
Capital and reserves
Called up share capital: 88 88
Revaluation reserve:43,432,9133,432,913
Profit and loss account: 1,085,856 1,109,227
Shareholders funds: 4,518,857 4,542,228

The notes form part of these financial statements

WAXHOUSEGATE INVESTMENTS LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 March 2023
and signed on behalf of the board by:

Name: Dr S Connolly
Status: Director

The notes form part of these financial statements

WAXHOUSEGATE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net rents receivable

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less estimated residual value, over their expected useful lives on the following bases:Motor vehicles 25% per annum straight line basisFurniture and equipment 15% per annum straight line basisAt each balance sheet date, the Company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.Investment propertiesInvestment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Other accounting policies

TaxationTaxation represents the sum of tax currently payable and deferred tax.The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liablity is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

WAXHOUSEGATE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 9 months to 31 December 2021
Average number of employees during the period 1 1

WAXHOUSEGATE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 4,882,653
At 31 December 2022 4,882,653
Depreciation
At 01 January 2022 6,910
Charge for year 158
At 31 December 2022 7,068
Net book value
At 31 December 2022 4,875,585
At 31 December 2021 4,875,743

WAXHOUSEGATE INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Revaluation reserve

2022
£
Balance at 01 January 2022 3,432,913
Surplus or deficit after revaluation 0
Balance at 31 December 2022 3,432,913