Registered number
00634082
Wrintis Investments Limited
Filleted Accounts
31 March 2024
Wrintis Investments Limited
Registered number: 00634082
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,698 -
Investments 4 5,248,000 5,845,000
5,252,698 5,845,000
Current assets
Debtors 5 4,918 2,523
Cash at bank and in hand 700,471 196,981
705,389 199,504
Creditors: amounts falling due within one year 6 (167,783) (61,497)
Net current assets 537,606 138,007
Total assets less current liabilities 5,790,304 5,983,007
Provisions for liabilities (585,069) (693,615)
Net assets 5,205,235 5,289,392
Capital and reserves
Called up share capital 1,499 1,499
Capital redemption reserve 106,758 106,758
Revaluation reserve 7 2,827,330 2,890,784
Profit and loss account 2,269,648 2,290,351
Shareholder's funds 5,205,235 5,289,392
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D W Chun
Director
Approved by the board on 28 August 2024
Wrintis Investments Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Other operating income
Rental income from operating leases is recognised evenly over the term of the relevant lease.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment over 10 years
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. subsequently it is measured at fair market value at the repoerting end date. the surplus or deficit on revaluation is recognised in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 5,220
At 31 March 2024 5,220
Depreciation
Charge for the year 522
At 31 March 2024 522
Net book value
At 31 March 2024 4,698
4 Investments
Other
investments
£
Cost
At 1 April 2023 5,845,000
Revaluation (172,000)
Disposals (425,000)
At 31 March 2024 5,248,000
Historical cost
At 1 April 2023 2,260,894
At 31 March 2024 2,247,333
5 Debtors 2024 2023
£ £
Trade debtors 1,242 1,253
Other debtors 3,676 1,270
4,918 2,523
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 127,178 24,995
Other creditors 40,605 36,502
167,783 61,497
7 Revaluation reserve 2024 2023
£ £
At 1 April 2023 2,890,784 2,935,957
Loss on revaluation of land and buildings (172,000) (45,140)
Deferred taxation arising on the revaluation of land and buildings 108,546 (33)
At 31 March 2024 2,827,330 2,890,784
8 Other information
Wrintis Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ground Floor 2 Mariners House
Copse Lane Hamble
Southampton
Hampshire
SO31 4QH
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