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REGISTERED NUMBER: 09985874 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

WSE PROPERTY SERVICES LIMITED

WSE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09985874)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WSE PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTORS: J J Wright
Mrs H L Wright





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 09985874 (England and Wales)





ACCOUNTANTS: Cardens Accountants LLP
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

WSE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09985874)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 164 -
Investments 4 1,880,411 789,209
1,880,575 789,209

CURRENT ASSETS
Debtors 5 16,759 6,901
Cash at bank 355,107 7,654
371,866 14,555
CREDITORS
Amounts falling due within one year 6 596,440 280,277
NET CURRENT LIABILITIES (224,574 ) (265,722 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,656,001

523,487

CREDITORS
Amounts falling due after more than one
year

7

1,380,932

396,077
NET ASSETS 275,069 127,410

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve - 60,764
Retained earnings 274,969 66,546
SHAREHOLDERS' FUNDS 275,069 127,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

WSE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09985874)

BALANCE SHEET - continued
28 FEBRUARY 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 13 November 2018 and were signed on its behalf
by:




Mrs H L Wright - Director



J J Wright - Director


WSE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09985874)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going
concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the
value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify
fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents the following types of income
" Rental income
" Income from the sale of properties

All income is recognised on a receivable basis.

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 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 3 ) .

WSE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09985874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 219
At 28 February 2018 219
DEPRECIATION
Charge for year 55
At 28 February 2018 55
NET BOOK VALUE
At 28 February 2018 164

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2017 789,209
Additions 950,128
Revaluations 141,074
At 28 February 2018 1,880,411
NET BOOK VALUE
At 28 February 2018 1,880,411
At 28 February 2017 789,209

Cost or valuation at 28 February 2018 is represented by:

Other
investments
£   
Valuation in 2018 6,939
Cost 1,873,472
1,880,411

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 12,123 467
Amounts owed by group undertakings 2,058 6,434
Other debtors 2,578 -
16,759 6,901

WSE PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 09985874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 6,069 -
Other creditors 10,161 -
Directors' loan accounts 578,529 273,274
Accruals and deferred income - 5,323
Accrued expenses 1,681 1,680
596,440 280,277

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans - 2-5 years 1,380,932 396,077

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period, J Wright increased his loan to the company. As at 28 February 2018, the company owed him
£578,529 (2017: £273,274). This balance represented the maximum amount outstanding during the year and the
loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Wright & Mrs H Wright.

This was by virtue of their 100% holding of the issued share capital.

10. ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the
company will continue to be a going concern. As at the period end the current liabilities exceeded current assets
by £224,574.

The validity of this basis depends upon the continued support of the company's directors. The directors confirm
that they will give the required support.