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Registered number: 01167815
Wire Tree Limited
Financial Statements
For The Year Ended 31 March 2024
Cound & Co LLP
Chartered Accountants
1 Princes Court Royal Way
Loughborough
LE11 5XR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01167815
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1
Investment Properties 5 340,000 340,000
340,001 340,001
CURRENT ASSETS
Cash at bank and in hand 59,091 60,576
59,091 60,576
Creditors: Amounts Falling Due Within One Year 6 (22,076 ) (16,636 )
NET CURRENT ASSETS (LIABILITIES) 37,015 43,940
TOTAL ASSETS LESS CURRENT LIABILITIES 377,016 383,941
NET ASSETS 377,016 383,941
CAPITAL AND RESERVES
Called up share capital 7 50,000 50,000
Revaluation reserve 8 82,790 82,790
Profit and Loss Account 244,226 251,151
SHAREHOLDERS' FUNDS 377,016 383,941
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A J Milner
Director
19th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wire Tree Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01167815 . The registered office is 1 Princes Court, Royal Way, Loughborough, Leicestershire, LE11 5XR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents rental income received on investment properties. Turnover is reduced for rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered a net liability may crystallise.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 5,294
As at 31 March 2024 5,294
Depreciation
As at 1 April 2023 5,293
As at 31 March 2024 5,293
Net Book Value
As at 31 March 2024 1
As at 1 April 2023 1
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 340,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 257,210 257,210
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,067 3,393
Accruals and deferred income 1,004 4,066
Director's loan account 18,005 9,177
22,076 16,636
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
Page 4
Page 5
8. Reserves
Revaluation Reserve
£
As at 1 April 2023 82,790
As at 31 March 2024 82,790
Page 5