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REGISTERED NUMBER: 12353908 (England and Wales)










Financial Statements

for the Year Ended 31 December 2023

for

Wright 2020 Property Solutions Limited

Wright 2020 Property Solutions Limited (Registered number: 12353908)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wright 2020 Property Solutions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Wright





REGISTERED OFFICE: 2 Curzon Pl
Old Farm Park
Milton Keynes
UNITED KINGDOM
MK7 8RB





REGISTERED NUMBER: 12353908 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Wright 2020 Property Solutions Limited (Registered number: 12353908)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,534,278 1,535,118

CURRENT ASSETS
Debtors 5 85,798 86,497
Cash at bank 696,306 858,409
782,104 944,906
CREDITORS
Amounts falling due within one year 6 (2,081,860 ) (2,314,875 )
NET CURRENT LIABILITIES (1,299,756 ) (1,369,969 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,522

165,149

CREDITORS
Amounts falling due after more than one
year

7

(152,271

)

(152,271

)
NET ASSETS 82,251 12,878

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 8 82,150 12,777
82,251 12,878

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

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

Wright 2020 Property Solutions Limited (Registered number: 12353908)

Balance Sheet - continued
31 December 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 15 February 2024 and were signed by:





D Wright - Director


Wright 2020 Property Solutions Limited (Registered number: 12353908)

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

1. STATUTORY INFORMATION

Wright 2020 Property Solutions 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.
Plant and machinery etc - 25% on reducing balance

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Wright 2020 Property Solutions Limited (Registered number: 12353908)

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

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1,531,757 4,482 1,536,239
DEPRECIATION
At 1 January 2023 - 1,121 1,121
Charge for year - 840 840
At 31 December 2023 - 1,961 1,961
NET BOOK VALUE
At 31 December 2023 1,531,757 2,521 1,534,278
At 31 December 2022 1,531,757 3,361 1,535,118

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,000 2,464
Other debtors 81,999 81,999
VAT - 242
Prepayments 799 1,792
85,798 86,497

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,573 8,076
Corporation tax 7,565 -
Social security and other tax (367 ) -
VAT 448 -
Other creditors 228 -
Directors' current accounts 2,070,765 2,306,099
Accrued expenses 648 700
2,081,860 2,314,875

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Mortgage-Vida Homeloan 152,271 152,271

Wright 2020 Property Solutions Limited (Registered number: 12353908)

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

8. RESERVES
Retained
earnings
£   

At 1 January 2023 12,777
Profit for the year 69,373
At 31 December 2023 82,150