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REGISTERED NUMBER: 12845829 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

WEDMORE PROPERTIES LTD

WEDMORE PROPERTIES LTD (REGISTERED NUMBER: 12845829)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WEDMORE PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: J Liebermann
M M Sanger





REGISTERED OFFICE: 595 Holloway Road
London
N19 4DJ





REGISTERED NUMBER: 12845829 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

WEDMORE PROPERTIES LTD (REGISTERED NUMBER: 12845829)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Investment property 4 710,106 710,106

CURRENT ASSETS
Cash at bank 10,268 6,279

CREDITORS
Amounts falling due within one year 5 (292,674 ) (292,267 )
NET CURRENT LIABILITIES (282,406 ) (285,988 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

427,700

424,118

CREDITORS
Amounts falling due after more than one
year

6

(452,250

)

(452,250

)
NET LIABILITIES (24,550 ) (28,132 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 (24,552 ) (28,134 )
SHAREHOLDERS' FUNDS (24,550 ) (28,132 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

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 14 October 2024 and were signed on its behalf by:



J Liebermann - Director


WEDMORE PROPERTIES LTD (REGISTERED NUMBER: 12845829)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Wedmore Properties Ltd 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.

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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 710,106
NET BOOK VALUE
At 31 August 2024 710,106
At 31 August 2023 710,106

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 292,674 292,267

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 452,250 452,250

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 452,250 452,250

WEDMORE PROPERTIES LTD (REGISTERED NUMBER: 12845829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 452,250 452,250

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 September 2023 (28,134 )
Profit for the year 3,582
At 31 August 2024 (24,552 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is J Liebermann.