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REGISTERED NUMBER: 12668305 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Wjn Properties Ltd

Wjn Properties Ltd (Registered number: 12668305)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wjn Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr W North
Mrs J North





REGISTERED OFFICE: 8 Edendale Road
Melton Mowbray
Leicestershire
LE13 0EW





REGISTERED NUMBER: 12668305 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Wjn Properties Ltd (Registered number: 12668305)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 225,000 206,000

CURRENT ASSETS
Cash at bank 3,217 5

CREDITORS
Amounts falling due within one year 5 219,224 218,534
NET CURRENT LIABILITIES (216,007 ) (218,529 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,993

(12,529

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Fair value reserve 7 19,000 -
Retained earnings 7 (10,107 ) (12,629 )
SHAREHOLDERS' FUNDS 8,993 (12,529 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 November 2024 and were signed on its behalf by:



Mrs J North - Director


Wjn Properties Ltd (Registered number: 12668305)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Wjn 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.

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 rental income receivable.

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Wjn Properties Ltd (Registered number: 12668305)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 206,000
Revaluations 19,000
At 31 March 2024 225,000
NET BOOK VALUE
At 31 March 2024 225,000
At 31 March 2023 206,000

The investment property were valued on an open market basis on 31st March 2024 by the directors.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 130,025 130,025
Other creditors 89,199 88,509
219,224 218,534

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 (12,629 ) - (12,629 )
Profit for the year 2,522 2,522
Revaluation reserve - 19,000 19,000
At 31 March 2024 (10,107 ) 19,000 8,893

8. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £87,941 (2023 : £87,971) representing a loan by the directors to the company. The loan is interest free and repayable on demand.

Wjn Properties Ltd (Registered number: 12668305)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr W North and Mrs J North the directors of the company who own an equal 50% share of the issued share capital.