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REGISTERED NUMBER: 11713347 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WEN BROTHERS PROPERTY INVESTMENTS
LIMITED

WEN BROTHERS PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11713347)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Statement of financial position 1 to 2

Notes to the financial statements 3 to 6


WEN BROTHERS PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11713347)

STATEMENT OF FINANCIAL POSITION
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 80 201
Investment property 5 3,211,000 2,646,000
3,211,080 2,646,201

CURRENT ASSETS
Debtors 6 4,893 17,952
Cash at bank 15,484 58,124
20,377 76,076
CREDITORS
Amounts falling due within one year 7 (16,065 ) (327,020 )
NET CURRENT ASSETS/(LIABILITIES) 4,312 (250,944 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,215,392

2,395,257

CREDITORS
Amounts falling due after more than one
year

8

(3,111,761

)

(2,219,145

)

PROVISIONS FOR LIABILITIES (29,274 ) (44,988 )
NET ASSETS 74,357 131,124

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 204,766 198,686
Retained earnings (130,509 ) (67,662 )
74,357 131,124

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

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

WEN BROTHERS PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11713347)

STATEMENT OF FINANCIAL POSITION - continued
31 December 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Y Guo - Director


WEN BROTHERS PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11713347)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Wen Brothers Property Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11713347

Registered office: c/o DPC Accountants
Stone House
55 Stone Road Business Park
Stoke-on-Trent
Staffordshire
ST4 6SR

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Valuation of investment property

The investment property is stated in the balance sheet at fair value, based on the valuation performed by the directors. The directors are of the opinion that the year-end valuation is not materially different to current market price observed.

Revenue recognition
Turnover is measured at the fair value of the consideration of rent received or receivable, excluding discounts, rebates 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.
Computer equipment - 25% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

WEN BROTHERS PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11713347)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The directors have reviewed the company's trading and cashflow position and have provided assurances that they will continue to provide support to the company in order that it may continue its activities as hitherto. Consequently, the directors are of the opinion that the financial statements should be prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

WEN BROTHERS PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11713347)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 January 2023
and 31 December 2023 483
Depreciation
At 1 January 2023 282
Charge for year 121
At 31 December 2023 403
Net book value
At 31 December 2023 80
At 31 December 2022 201

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 January 2023 2,646,000
Additions 579,634
Impairments (14,634 )
At 31 December 2023 3,211,000
Net book value
At 31 December 2023 3,211,000
At 31 December 2022 2,646,000

The investment properties have been valued by the directors during the year, this is considered the fair value at 31 December 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,490 60
Other debtors 3,403 17,892
4,893 17,952

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 16,065 327,020

WEN BROTHERS PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 11713347)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 3,111,761 2,219,145

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 2,012,572 1,195,088

Within the other creditors are amounts secured by a floating charge of £2,071,573 (2022: £1,195,088).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2023 there was £1,050,044 owed to the directors (2022 £1,024,057). The loan is shown in creditors falling due after more than one year and is interest free.