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REGISTERED NUMBER: 12281806 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2022 TO 31 JANUARY 2024

FOR

WY PROPERTIES LIMITED

WY PROPERTIES LIMITED (REGISTERED NUMBER: 12281806)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 JANUARY 2024







DIRECTOR: Mr X Yan





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 12281806 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

WY PROPERTIES LIMITED (REGISTERED NUMBER: 12281806)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.10.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,400,000 1,165,930

CURRENT ASSETS
Debtors 5 - 4,376
Cash at bank 11,840 13,171
11,840 17,547
CREDITORS
Amounts falling due within one year 6 (372,789 ) (382,910 )
NET CURRENT LIABILITIES (360,949 ) (365,363 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,039,051 800,567

CREDITORS
Amounts falling due after more than one
year

7

(834,363

)

(835,746

)

PROVISIONS FOR LIABILITIES 10 (58,518 ) -
NET ASSETS/(LIABILITIES) 146,170 (35,179 )

CAPITAL AND RESERVES
Called up share capital 11 2 2
Fair value reserve 175,553 -
Retained earnings (29,385 ) (35,181 )
SHAREHOLDERS' FUNDS 146,170 (35,179 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WY PROPERTIES LIMITED (REGISTERED NUMBER: 12281806)

BALANCE SHEET - continued
31 JANUARY 2024


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 director and authorised for issue on 28 October 2024 and were signed by:





Mr X Yan - Director


WY PROPERTIES LIMITED (REGISTERED NUMBER: 12281806)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 JANUARY 2024


1. STATUTORY INFORMATION

Wy Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the rent received or receivable, excluding discounts, rebates,value added tax and other sales taxes

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.

Taxation
Taxation for the period 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 period 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 period was 1 (2022 - 1 ) .

WY PROPERTIES LIMITED (REGISTERED NUMBER: 12281806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 JANUARY 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 1,165,930
Revaluations 234,070
At 31 January 2024 1,400,000
NET BOOK VALUE
At 31 January 2024 1,400,000
At 31 October 2022 1,165,930

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2022 1,165,930
Valuation in 2024 234,070
1,400,000

Investment properties were valued on an open market basis and the director considers this to be the fair value at balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.10.22
£    £   
Other debtors - 4,376

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.10.22
£    £   
Other creditors 372,789 382,910

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.10.22
£    £   
Bank loans (see note 8) 818,672 818,672
Other creditors 15,691 17,074
834,363 835,746

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 818,672 818,672

WY PROPERTIES LIMITED (REGISTERED NUMBER: 12281806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 JANUARY 2024


8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.10.22
£    £   
Amounts falling due between two and five years:
Inter company loan 8,000 8,000
Rental deposit 7,691 9,074
15,691 17,074

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 818,672 818,672

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.10.22
£    £   
Bank loans 818,672 818,672

10. PROVISIONS FOR LIABILITIES
31.1.24 31.10.22
£    £   
Deferred tax 58,518 -

Deferred
tax
£   
Charge to Income Statement during period 58,518
Balance at 31 January 2024 58,518

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.10.22
value: £    £   
2 Ordinary £1 2 2