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REGISTERED NUMBER: 09261460 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

WRIGHT PROPERTY DEVELOPMENT LIMITED

WRIGHT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 09261460)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WRIGHT PROPERTY DEVELOPMENT LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2023







DIRECTORS: S Wright
Mrs D M Wright





REGISTERED OFFICE: Willow Barn
Nether Lane
Flore
Northamptonshire
NN7 4GL





REGISTERED NUMBER: 09261460 (England and Wales)





ACCOUNTANTS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

WRIGHT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 09261460)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,288 28,218

CURRENT ASSETS
Debtors 5 4,363 2,742
Cash at bank 80 440
4,443 3,182
CREDITORS
Amounts falling due within one year 6 4,454 6,841
NET CURRENT LIABILITIES (11 ) (3,659 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,277 24,559

CREDITORS
Amounts falling due after more than one
year

7

(3,928

)

(23,556

)

PROVISIONS FOR LIABILITIES (245 ) (981 )
NET (LIABILITIES)/ASSETS (2,896 ) 22

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (2,898 ) 20
SHAREHOLDERS' FUNDS (2,896 ) 22

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

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

WRIGHT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 09261460)

BALANCE SHEET - continued
31 October 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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mrs D M Wright - Director


WRIGHT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 09261460)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023


1. STATUTORY INFORMATION

Wright Property Development 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

3. EMPLOYEES AND DIRECTORS

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

WRIGHT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 09261460)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 2,858 28,413 5,860 37,131
Disposals - (28,413 ) - (28,413 )
At 31 October 2023 2,858 - 5,860 8,718
DEPRECIATION
At 1 November 2022 2,409 1,913 4,591 8,913
Charge for year 113 - 317 430
Eliminated on disposal - (1,913 ) - (1,913 )
At 31 October 2023 2,522 - 4,908 7,430
NET BOOK VALUE
At 31 October 2023 336 - 952 1,288
At 31 October 2022 449 26,500 1,269 28,218

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 262 460
Directors' current accounts 3,979 2,013
VAT 122 269
4,363 2,742

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,200 2,200
Hire purchase contracts - 3,601
Corporation tax 1,174 -
Accrued expenses 1,080 1,040
4,454 6,841

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,738 6,187
Hire purchase contracts 190 17,369
3,928 23,556

WRIGHT PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 09261460)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
S Wright
Balance outstanding at start of year 1,006 4,852
Amounts advanced 1,990 1,006
Amounts repaid (1,006 ) (4,852 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,990 1,006

Mrs D M Wright
Balance outstanding at start of year 1,006 4,852
Amounts advanced 1,989 1,006
Amounts repaid (1,006 ) (4,852 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,989 1,006

These loans were repaid within 9 months of the year end.