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Registered number: 00295152

Wychwood Properties Limited

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Wychwood Properties Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
DIRECTORS
T D W Fahey
F N Lam
SECRETARY
T D W Fahey
REGISTERED OFFICE
South Bank Legal
138-140 Southwark Street
London
SE1 0SW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 00295152
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Wychwood Properties Limited

ACCOUNTS
FOR THEYEARENDED31 MARCH 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Wychwood Properties Limited

BALANCE SHEET AT 31 March 2024
20242023
Notes££
FIXED ASSETS
Tangible assets32,892,2872,927,602
CURRENT ASSETS
Debtors54,28311,196
Current Asset Investments69,17842,871
Cash at bank and in hand13,6408,203
27,10162,270
CREDITORS: Amounts falling due within one year729,63226,306
NET CURRENT (LIABILITIES) / ASSETS(2,531)35,964
TOTAL ASSETS LESS CURRENT LIABILITIES2,889,7562,963,566
CREDITORS: Amounts falling due after more than one year88,92211,600
PROVISIONS FOR LIABILITIES AND CHARGES9624,771624,996
NET ASSETS2,256,0632,326,970
CAPITAL AND RESERVES
Called up share capital106,6696,669
Other reserves11100,000100,000
Profit and loss account2,149,3942,220,301
SHAREHOLDERS' FUNDS2,256,0632,326,970
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 7 August 2024 and signed on their behalf by
.............................
T D W Fahey
Director

Wychwood Properties Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The financial statements have been prepared on a going concern basis. The Management has evaluated whether there are conditions and events that prevent the entity from meeting its obligations within one year after the date the financial statements are issued and concluded that there are no going concern financial reporting implications.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 33.33%
1d. Investment Properties
Investment properties are included in the financial statements at fair value. Gains and losses on remeasurement of fair value are recognised in the Statement of comprehensive income, within Other operating income.
1e. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1f. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Wychwood Properties Limited

1g. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of rent receivable, excluding discounts, rebates, value added tax and other sales taxes.
1h. Statutory Information
Wychwood Properties Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 00295152 and registered office address South Bank Legal, 138-140 Southwark Street, London, England, SE1 0SW.
1i. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
1j. Interest Income
Interest income is recognised in profit or loss using the effective interest method.
1k. Finance Costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest
1l. Borrowing Costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
1m. Current Asset Investments
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
2. EMPLOYEES
20242023
No.No.
Average number of employees22

Wychwood Properties Limited

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 1 April 20238,3668,366
Additions899899
At 31 March 20249,2659,265
Depreciation
At 1 April 20235,7645,764
For the year1,2141,214
At 31 March 20246,9786,978
Net Book Amounts
At 31 March 20242,2872,287
At 31 March 20232,6022,602
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 April 20232,925,0002,925,000
Revaluation(35,000)(35,000)
At 31 March 20242,890,0002,890,000
The investment properties are stated at fair value at the balance sheet date.
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors1,807382
Other debtors1,9721,972
Prepayments5048,842
4,28311,196

Wychwood Properties Limited

6. CURRENT ASSET INVESTMENTS
20242023
££
Listed investments 9,17842,871
9,17842,871
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Taxation and social security 968739
Bank Loan3,6785,400
Trade creditors18,8709,171
Other creditors5461,693
Accruals5,5709,303
29,63226,306
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr8,92211,600
8,92211,600
The bank loan is unsecured and incurs interest at 2% per annum.
9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation624,771624,996
624,771624,996

Wychwood Properties Limited

10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
6669 Ordinary shares of £1.00 each6,6696,669
6,6696,669
11. OTHER RESERVES 20242023
££
Other reserves100,000100,000
100,000100,000
12. PROFT AND LOSS RESERVE ACCOUNT
Profit and loss reserve account includes gains less related deferred tax on the remeasurement of fair value of the investment property of £2,185,128, (Last year £2,219,903). This amount is non-distributable.