IRIS Accounts Production v24.3.0.553 10999522 director 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109995222023-03-31109995222024-03-31109995222023-04-012024-03-31109995222022-03-31109995222022-04-012023-03-31109995222023-03-3110999522ns15:EnglandWales2023-04-012024-03-3110999522ns14:PoundSterling2023-04-012024-03-3110999522ns10:Director12023-04-012024-03-3110999522ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110999522ns10:SmallEntities2023-04-012024-03-3110999522ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110999522ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110999522ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110999522ns10:FullAccounts2023-04-012024-03-3110999522ns10:OrdinaryShareClass12023-04-012024-03-3110999522ns10:RegisteredOffice2023-04-012024-03-3110999522ns5:CurrentFinancialInstruments2024-03-3110999522ns5:CurrentFinancialInstruments2023-03-3110999522ns5:Non-currentFinancialInstruments2024-03-3110999522ns5:Non-currentFinancialInstruments2023-03-3110999522ns5:ShareCapital2024-03-3110999522ns5:ShareCapital2023-03-3110999522ns5:RetainedEarningsAccumulatedLosses2024-03-3110999522ns5:RetainedEarningsAccumulatedLosses2023-03-3110999522ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3110999522ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3110999522ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 10999522 (England and Wales)


















Wizard Acquisitions Ltd

Unaudited Financial Statements for the Year Ended 31st March 2024






Wizard Acquisitions Ltd (Registered number: 10999522)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wizard Acquisitions Ltd

Company Information
for the year ended 31st March 2024







DIRECTOR: L K Brindley





REGISTERED OFFICE: 2 Savery Street
Hull
East Yorkshire
HU9 3BG





REGISTERED NUMBER: 10999522 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Wizard Acquisitions Ltd (Registered number: 10999522)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 326,500 345,000

CURRENT ASSETS
Stocks 90,000 93,119
Cash at bank 5,559 13,696
95,559 106,815
CREDITORS
Amounts falling due within one year 5 72,648 79,139
NET CURRENT ASSETS 22,911 27,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,411

372,676

CREDITORS
Amounts falling due after more than one
year

6

(223,120

)

(223,120

)

PROVISIONS FOR LIABILITIES (24,786 ) (30,602 )
NET ASSETS 101,505 118,954

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 101,504 118,953
SHAREHOLDERS' FUNDS 101,505 118,954

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

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

Wizard Acquisitions Ltd (Registered number: 10999522)

Balance Sheet - continued
31st March 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 21st November 2024 and were signed by:





L K Brindley - Director


Wizard Acquisitions Ltd (Registered number: 10999522)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Wizard Acquisitions 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 receiveable during the year.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

Wizard Acquisitions Ltd (Registered number: 10999522)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 345,000
Revaluations (18,500 )
At 31st March 2024 326,500
NET BOOK VALUE
At 31st March 2024 326,500
At 31st March 2023 345,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2019 42,678
Valuation in 2020 39,442
Valuation in 2021 (7,212 )
Valuation in 2022 12,500
Valuation in 2023 35,000
Valuation in 2024 (18,500 )
Cost 222,592
326,500

The investment property was valued by the directors to open market valued at 31st March 2024.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,639 6,639
Other creditors 66,009 72,500
72,648 79,139

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 223,120 223,120

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 223,120 223,120

Wizard Acquisitions Ltd (Registered number: 10999522)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. ULTIMATE CONTROLLING PARTY

The controlling party is L K Brindley.