Company Registration No. 13476313 (England and Wales)
Wild Properties Ltd
Unaudited accounts
for the year ended 31 May 2024
Wild Properties Ltd
Unaudited accounts
Contents
Wild Properties Ltd
Company Information
for the year ended 31 May 2024
Directors
Laura Anne Shephard
Samuel Kane Wild
Company Number
13476313 (England and Wales)
Registered Office
17 Nook Road
Scholes
Leeds
LS15 4AX
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Wild Properties Ltd
Accountants' report
Accountants' report to the board of directors of Wild Properties Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Wild Properties Ltd for the year ended
31 May 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Wild Properties Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Wild Properties Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wild Properties Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Wild Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Wild Properties Ltd. You consider that Wild Properties Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Wild Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
11 October 2024
Wild Properties Ltd
Statement of financial position
as at 31 May 2024
Investment property
112,165
112,165
Cash at bank and in hand
11,300
17,772
Creditors: amounts falling due within one year
(97,425)
(151,505)
Net current assets/(liabilities)
44,320
(12,603)
Total assets less current liabilities
156,608
100,174
Creditors: amounts falling due after more than one year
(166,047)
(110,737)
Net liabilities
(9,439)
(10,563)
Called up share capital
2
2
Revaluation reserve
9,109
9,109
Profit and loss account
(18,550)
(19,674)
Shareholders' funds
(9,439)
(10,563)
For the year ending 31 May 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2024 and were signed on its behalf by
Samuel Kane Wild
Director
Company Registration No. 13476313
Wild Properties Ltd
Notes to the Accounts
for the year ended 31 May 2024
Wild Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13476313. The registered office is 17 Nook Road, Scholes, Leeds, LS15 4AX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Wild Properties Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 June 2023
112,165
Amounts falling due within one year
Other debtors
130,445
121,130
7
Creditors: amounts falling due within one year
2024
2023
Loans from directors
97,425
151,505
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
82,310
27,000
Aggregate of amounts that fall due for payment after five years
83,737
83,737
9
Transactions with related parties
At the year end, the director was owed £97,425 (2023 - £151,505) including interest of £0 (2023 - £1,000).
Included in current assets is a loan of £130,445 (2023 - £121,130) to Wild & Co Developments Ltd, a related company. The loan is interest-free and repayable on demand.
Included in long term creditors is a loan of £82,310 (2023 - £27,000) from Wild Helicopter Services Ltd, a related company. The loan is interest-free and repayable on demand.
Wild Properties Ltd
Notes to the Accounts
for the year ended 31 May 2024
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).