IRIS Accounts Production v23.2.0.158 12269908 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh122699082022-03-31122699082023-03-31122699082022-04-012023-03-31122699082021-03-31122699082021-04-012022-03-31122699082022-03-3112269908ns10:Originalns15:EnglandWales2022-04-012023-03-3112269908ns14:PoundSterlingns10:Original2022-04-012023-03-3112269908ns10:Originalns10:Director12022-04-012023-03-3112269908ns10:Original2022-04-012023-03-3112269908ns10:Original2023-03-3112269908ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3112269908ns10:Originalns10:SmallEntities2022-04-012023-03-3112269908ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3112269908ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112269908ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3112269908ns10:Originalns10:FullAccounts2022-04-012023-03-3112269908ns10:Originalns10:Director22022-04-012023-03-3112269908ns10:Originalns10:Director32022-04-012023-03-3112269908ns10:Originalns10:Director42022-04-012023-03-3112269908ns10:Originalns10:RegisteredOffice2022-04-012023-03-3112269908ns10:Original2022-03-3112269908ns10:Originalns5:CurrentFinancialInstruments2023-03-3112269908ns10:Originalns5:CurrentFinancialInstruments2022-03-3112269908ns10:Originalns5:Non-currentFinancialInstruments2023-03-3112269908ns10:Originalns5:Non-currentFinancialInstruments2022-03-3112269908ns5:ShareCapitalns10:Original2023-03-3112269908ns5:ShareCapitalns10:Original2022-03-3112269908ns10:Originalns5:SharePremium2023-03-3112269908ns10:Originalns5:SharePremium2022-03-3112269908ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3112269908ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3112269908ns10:Originalns5:MotorVehicles2022-04-012023-03-3112269908ns10:Originalns5:ComputerEquipment2022-04-012023-03-3112269908ns10:Original2021-04-012022-03-3112269908ns10:Originalns5:MotorVehicles2022-03-3112269908ns10:Originalns5:ComputerEquipment2022-03-3112269908ns10:Original2022-03-3112269908ns10:Originalns5:MotorVehicles2023-03-3112269908ns10:Originalns5:ComputerEquipment2023-03-3112269908ns10:Originalns5:MotorVehicles2022-03-3112269908ns10:Originalns5:ComputerEquipment2022-03-3112269908ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3112269908ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3112269908ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3112269908ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3112269908ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3112269908ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-03-3112269908ns5:Securedns10:Original2023-03-3112269908ns5:Securedns10:Original2022-03-3112269908ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3112269908ns10:Originalns5:SharePremium2022-03-3112269908ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 12269908 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2023

for

Wick Property & Lettings Limited

Wick Property & Lettings Limited (Registered number: 12269908)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wick Property & Lettings Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs Chemaine Shean
Mr Matthew Lowther-Harris
Mrs Geraldine Lowther-Harris
Mrs Tanya McGowan





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 12269908 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Wick Property & Lettings Limited (Registered number: 12269908)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,032 8,966
Investment property 5 5,189,100 5,189,100
5,195,132 5,198,066

CURRENT ASSETS
Debtors 6 5,245 4,815
Cash at bank 553 5,692
5,798 10,507
CREDITORS
Amounts falling due within one year 7 59,152 58,485
NET CURRENT LIABILITIES (53,354 ) (47,978 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,141,778 5,150,088

CREDITORS
Amounts falling due after more than one year 8 (1,960,084 ) (1,983,758 )

PROVISIONS FOR LIABILITIES (1,005 ) (1,532 )
NET ASSETS 3,180,689 3,164,798

CAPITAL AND RESERVES
Called up share capital 10 150,000 150,000
Share premium 11 2,999,823 2,999,823
Retained earnings 11 30,866 14,975
SHAREHOLDERS' FUNDS 3,180,689 3,164,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 31 October 2023 and were signed on its behalf by:



Mr Matthew Lowther-Harris - Director


Wick Property & Lettings Limited (Registered number: 12269908)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Wick Property & Lettings Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Motor vehicles - 33% on reducing balance
Computer equipment - 25% on reducing balance

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 2 (2022 - 2 ) .

Wick Property & Lettings Limited (Registered number: 12269908)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 17,260 1,165 18,425
DEPRECIATION
At 1 April 2022 8,949 510 9,459
Charge for year 2,770 164 2,934
At 31 March 2023 11,719 674 12,393
NET BOOK VALUE
At 31 March 2023 5,541 491 6,032
At 31 March 2022 8,311 655 8,966

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 5,189,100
NET BOOK VALUE
At 31 March 2023 5,189,100
At 31 March 2022 5,189,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Prepayments 5,245 4,815

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 23,374 22,722
Trade creditors 2,725 8,834
Tax 10,185 11,339
Social security and other taxes 152 464
Other creditors 8,378 12,372
Directors' current accounts 11,578 174
Accruals and deferred income 2,760 2,580
59,152 58,485

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 23,400 22,070
Bank loans - 2-5 years 2,975 27,979
Bank loans more 5 yrs non-inst 1,933,709 1,933,709
1,960,084 1,983,758

Wick Property & Lettings Limited (Registered number: 12269908)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,933,709 1,933,709

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 1,983,458 2,006,480

10. CALLED UP SHARE CAPITAL

All shares below are allotted, issued and fully paid:

- 30,000 Ordinary A shares, nominal value of £1 each
- 30,000 Ordinary B shares, nominal value of £1 each
- 15,000 Ordinary C shares, nominal value of £1 each
- 15,000 Ordinary D shares, nominal value of £1 each
- 60,000 Ordinary E shares, nominal value of £1 each

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2022 14,975 2,999,823 3,014,798
Profit for the year 23,891 23,891
Dividends (8,000 ) (8,000 )
At 31 March 2023 30,866 2,999,823 3,030,689