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REGISTERED NUMBER: 10999522 (England and Wales)


















Wizard Acquisitions Ltd

Unaudited Financial Statements for the Year Ended 31st March 2023






Wizard Acquisitions Ltd (Registered number: 10999522)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wizard Acquisitions Ltd

Company Information
for the year ended 31st March 2023







DIRECTOR: L K Brindley





REGISTERED OFFICE: 2 Savery Street
Hull
East Yorkshire
HU9 3BG





REGISTERED NUMBER: 10999522 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Wizard Acquisitions Ltd (Registered number: 10999522)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 345,000 440,000

CURRENT ASSETS
Stocks 93,119 93,119
Cash at bank 13,696 27,733
106,815 120,852
CREDITORS
Amounts falling due within one year 5 79,139 143,315
NET CURRENT ASSETS/(LIABILITIES) 27,676 (22,463 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

372,676

417,537

CREDITORS
Amounts falling due after more than one
year

6

(223,120

)

(286,850

)

PROVISIONS FOR LIABILITIES (30,602 ) (24,880 )
NET ASSETS 118,954 105,807

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 118,953 105,806
SHAREHOLDERS' FUNDS 118,954 105,807

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

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

Wizard Acquisitions Ltd (Registered number: 10999522)

Balance Sheet - continued
31st March 2023


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 22nd April 2024 and were signed by:





L K Brindley - Director


Wizard Acquisitions Ltd (Registered number: 10999522)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Wizard Acquisitions 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income receiveable during the year.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

Wizard Acquisitions Ltd (Registered number: 10999522)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 440,000
Disposals (85,501 )
Revaluations (9,499 )
At 31st March 2023 345,000
NET BOOK VALUE
At 31st March 2023 345,000
At 31st March 2022 440,000

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2019 42,678
Valuation in 2020 39,239
Valuation in 2021 (7,510 )
Valuation in 2022 57,500
Valuation in 2023 (9,499 )
Cost 222,592
345,000

The investment property was valued by the directors to open market valued at 31st March 2023.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 6,639 -
Other creditors 72,500 143,315
79,139 143,315

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 223,120 286,850

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 223,120 286,850

Wizard Acquisitions Ltd (Registered number: 10999522)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

8. ULTIMATE CONTROLLING PARTY

The controlling party is L K Brindley.