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REGISTERED NUMBER: 08742263 (England and Wales)














Financial Statements for the Year Ended 31 October 2023

for

Wenger Properties Limited

Wenger Properties Limited (Registered number: 08742263)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wenger Properties Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr S Goldstone
Mr S Brody





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 08742263 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Wenger Properties Limited (Registered number: 08742263)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 450,000 450,000

CURRENT ASSETS
Debtors 5 50,909 80,580
Cash at bank and in hand 15,969 26,226
66,878 106,806
CREDITORS
Amounts falling due within one year 6 26,015 62,413
NET CURRENT ASSETS 40,863 44,393
TOTAL ASSETS LESS CURRENT LIABILITIES 490,863 494,393

CREDITORS
Amounts falling due after more than one
year

7

201,502

208,574
NET ASSETS 289,361 285,819

CAPITAL AND RESERVES
Called up share capital 120 120
Revaluation reserve 9 163,611 163,611
Retained earnings 125,630 122,088
SHAREHOLDERS' FUNDS 289,361 285,819

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

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

Wenger Properties Limited (Registered number: 08742263)

Statement of Financial Position - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




Mr S Brody - Director



Mr S Goldstone - Director


Wenger Properties Limited (Registered number: 08742263)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Wenger 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 represents rents 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.

Taxation
Taxation for the year 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 450,000
NET BOOK VALUE
At 31 October 2023 450,000
At 31 October 2022 450,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 450,000

Wenger Properties Limited (Registered number: 08742263)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 1,705 1,076
Amounts owed by associates 49,204 49,204
Other debtors - 30,300
50,909 80,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,429
Trade creditors 1,173 -
Amounts owed to associates 120 30,420
Taxation and social security 4,628 11,924
Other creditors 10,094 9,640
26,015 62,413

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 201,502 208,574

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 211,502 219,003

In relation to the National Westminster Bank loan there is a fixed and floating charge which is secured on the property owned by the company.

9. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 163,611

10. RELATED PARTY DISCLOSURES

Mr Brody and Mr Goldstone are considered to be the key management personnel.