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REGISTERED NUMBER: 10928808 (England and Wales)




















Financial Statements

for the Year Ended 31 August 2023

for

WISDOM INVESTMENTS LTD

WISDOM INVESTMENTS LTD (REGISTERED NUMBER: 10928808)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WISDOM INVESTMENTS LTD

Company Information
for the Year Ended 31 August 2023







DIRECTOR: H C Nguyen





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 10928808 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

WISDOM INVESTMENTS LTD (REGISTERED NUMBER: 10928808)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - -
Investment property 6 188,342 188,342
188,342 188,342

CURRENT ASSETS
Debtors 7 1,506 1,309
Cash at bank 24,971 90,304
26,477 91,613
CREDITORS
Amounts falling due within one year 8 (247,698 ) (317,115 )
NET CURRENT LIABILITIES (221,221 ) (225,502 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,879

)

(37,160

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (32,979 ) (37,260 )
SHAREHOLDERS' FUNDS (32,879 ) (37,160 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 April 2024 and were signed by:



H C Nguyen - Director


WISDOM INVESTMENTS LTD (REGISTERED NUMBER: 10928808)

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

1. STATUTORY INFORMATION

Wisdom Investments 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 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Know how are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

WISDOM INVESTMENTS LTD (REGISTERED NUMBER: 10928808)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022
and 31 August 2023 18,005
AMORTISATION
At 1 September 2022
and 31 August 2023 18,005
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2022 2,312
Disposals (889 )
At 31 August 2023 1,423
DEPRECIATION
At 1 September 2022 2,312
Eliminated on disposal (889 )
At 31 August 2023 1,423
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 188,342
NET BOOK VALUE
At 31 August 2023 188,342
At 31 August 2022 188,342

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 1,506 1,309

WISDOM INVESTMENTS LTD (REGISTERED NUMBER: 10928808)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 1,004 1,086
Other creditors 246,694 316,029
247,698 317,115

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

10. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.