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REGISTERED NUMBER: 13758208 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Wiseful Investment Limited

Wiseful Investment Limited (Registered number: 13758208)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wiseful Investment Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Ms P W Leung
T K Wong
T C Wong





REGISTERED OFFICE: Flat 503 153 Tower Bridge Road
London
SE1 3LW





REGISTERED NUMBER: 13758208 (England and Wales)





ACCOUNTANTS: Fong Baldwin & Co
Chartered Certified Accountants
PO Box 2664
London
W1A 3SD

Wiseful Investment Limited (Registered number: 13758208)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,400 7,551
Tangible assets 5 1,335,802 713,187
1,349,202 720,738

CURRENT ASSETS
Debtors 6 2,652 2,916
Cash at bank 23,541 64,950
26,193 67,866
CREDITORS
Amounts falling due within one year 7 11,077 15,535
NET CURRENT ASSETS 15,116 52,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,364,318

773,069

CREDITORS
Amounts falling due after more than one
year

8

1,350,554

770,573
NET ASSETS 13,764 2,496

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 13,763 2,495
13,764 2,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Wiseful Investment Limited (Registered number: 13758208)

Balance Sheet - continued
30 November 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 29 August 2024 and were signed on its behalf by:





Ms P W Leung - Director


Wiseful Investment Limited (Registered number: 13758208)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Wiseful Investment 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Professional fees are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

Wiseful Investment Limited (Registered number: 13758208)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022 7,551
Additions 5,849
At 30 November 2023 13,400
NET BOOK VALUE
At 30 November 2023 13,400
At 30 November 2022 7,551

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 706,300 8,609 714,909
Additions 614,089 12,379 626,468
At 30 November 2023 1,320,389 20,988 1,341,377
DEPRECIATION
At 1 December 2022 - 1,722 1,722
Charge for year - 3,853 3,853
At 30 November 2023 - 5,575 5,575
NET BOOK VALUE
At 30 November 2023 1,320,389 15,413 1,335,802
At 30 November 2022 706,300 6,887 713,187

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 2,652 2,916

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 3,916 1,055
Other creditors 7,161 14,480
11,077 15,535

Wiseful Investment Limited (Registered number: 13758208)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other creditors 1,350,554 770,573

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,350,554 770,573