IRIS Accounts Production v18.3.0.592 02760908 Board of Directors Board of Directors 1.7.17 30.6.18 30.6.18 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure027609082017-06-30027609082018-06-30027609082017-07-012018-06-30027609082016-06-30027609082016-07-012017-06-30027609082017-06-3002760908ns15:EnglandWales2017-07-012018-06-3002760908ns14:PoundSterling2017-07-012018-06-3002760908ns10:Director12017-07-012018-06-3002760908ns10:Director22017-07-012018-06-3002760908ns10:PrivateLimitedCompanyLtd2017-07-012018-06-3002760908ns10:SmallEntities2017-07-012018-06-3002760908ns10:AuditExempt-NoAccountantsReport2017-07-012018-06-3002760908ns10:SmallCompaniesRegimeForDirectorsReport2017-07-012018-06-3002760908ns10:SmallCompaniesRegimeForAccounts2017-07-012018-06-3002760908ns10:FullAccounts2017-07-012018-06-3002760908ns10:CompanySecretary12017-07-012018-06-3002760908ns10:RegisteredOffice2017-07-012018-06-3002760908ns5:CurrentFinancialInstruments2018-06-3002760908ns5:CurrentFinancialInstruments2017-06-3002760908ns5:Non-currentFinancialInstruments2018-06-3002760908ns5:Non-currentFinancialInstruments2017-06-3002760908ns5:ShareCapital2018-06-3002760908ns5:ShareCapital2017-06-3002760908ns5:RetainedEarningsAccumulatedLosses2018-06-3002760908ns5:RetainedEarningsAccumulatedLosses2017-06-3002760908ns5:LandBuildingsns5:OwnedOrFreeholdAssets2017-07-012018-06-3002760908ns5:LandBuildings2017-06-3002760908ns5:LandBuildings2017-07-012018-06-3002760908ns5:LandBuildings2018-06-3002760908ns5:LandBuildings2017-06-3002760908ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2018-06-3002760908ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2017-06-3002760908ns5:Secured2018-06-3002760908ns5:Secured2017-06-30


REGISTERED NUMBER: 02760908 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

B. R. WISE LTD.

B. R. WISE LTD. (REGISTERED NUMBER: 02760908)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B. R. WISE LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2018







DIRECTORS: K D Nicholls
Mrs M A Nicholls





SECRETARY: Mrs M Nicholls





REGISTERED OFFICE: Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 02760908 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

B. R. WISE LTD. (REGISTERED NUMBER: 02760908)

BALANCE SHEET
30 JUNE 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,000,000
Investment property 5 1,673,103 -
1,673,103 1,000,000

CURRENT ASSETS
Debtors 6 9,986 9,000
Cash at bank 246,135 810,345
256,121 819,345
CREDITORS
Amounts falling due within one year 7 208,842 117,110
NET CURRENT ASSETS 47,279 702,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,720,382

1,702,235

CREDITORS
Amounts falling due after more than
one year

8

36,352

46,242
NET ASSETS 1,684,030 1,655,993

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,683,930 1,655,893
SHAREHOLDERS' FUNDS 1,684,030 1,655,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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.

B. R. WISE LTD. (REGISTERED NUMBER: 02760908)

BALANCE SHEET - continued
30 JUNE 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 10 November 2018 and were signed
on its behalf by:




K D Nicholls - Director



Mrs M A Nicholls - Director


B. R. WISE LTD. (REGISTERED NUMBER: 02760908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018


1. STATUTORY INFORMATION

B. R. Wise Ltd. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.
Freehold property - not provided

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising
from changes in fair value is recognised in profit or loss.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 3 ).

B. R. WISE LTD. (REGISTERED NUMBER: 02760908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 July 2017 1,000,000
Reclassification/transfer (1,000,000 )
At 30 June 2018 -
NET BOOK VALUE
At 30 June 2018 -
At 30 June 2017 1,000,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 673,103
Reclassification/transfer 1,000,000
At 30 June 2018 1,673,103
NET BOOK VALUE
At 30 June 2018 1,673,103

Fair value at 30 June 2018 is represented by:

£   
Valuation in 2016 318,962
Cost 1,354,141
1,673,103

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Prepayments 9,986 9,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 6,173 12,521
Taxation 6,869 -
Social security and other taxes 809 1,140
Directors' current accounts 192,007 101,389
Accrued expenses and deferred
income 2,984 2,060
208,842 117,110

B. R. WISE LTD. (REGISTERED NUMBER: 02760908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans due 2 - 5 yrs 26,972 30,675
Bank loans due after 5 yrs 9,380 15,567
36,352 46,242

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 yrs 9,380 15,567

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 42,525 58,763

Fixed and floating charge on Company's assets and first charge on Company's Freehold Property.