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REGISTERED NUMBER: 13978083 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WRIGHTS PROPERTIES & DEVELOPMENTS LTD

WRIGHTS PROPERTIES & DEVELOPMENTS LTD (REGISTERED NUMBER: 13978083)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WRIGHTS PROPERTIES & DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S D Wright
S M Wright





REGISTERED OFFICE: 68 Beckfield Lane
York
YO26 5RJ





REGISTERED NUMBER: 13978083 (England and Wales)





ACCOUNTANTS: Positive Accountants
Elmwood House
York Road
Kirk Hammerton
York
North Yorkshire
YO26 8DH

WRIGHTS PROPERTIES & DEVELOPMENTS LTD (REGISTERED NUMBER: 13978083)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 311,742 318,237

CURRENT ASSETS
Cash at bank 6,494 1,985

CREDITORS
Amounts falling due within one year 4 119,103 121,272
NET CURRENT LIABILITIES (112,609 ) (119,287 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,133

198,950

CREDITORS
Amounts falling due after more than
one year

5

207,524

207,524
NET LIABILITIES (8,391 ) (8,574 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (8,393 ) (8,576 )
(8,391 ) (8,574 )

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.

WRIGHTS PROPERTIES & DEVELOPMENTS LTD (REGISTERED NUMBER: 13978083)

BALANCE SHEET - continued
31 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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





S D Wright - Director


WRIGHTS PROPERTIES & DEVELOPMENTS LTD (REGISTERED NUMBER: 13978083)

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


1. 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 is measured at the fair value of the consideration 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 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

WRIGHTS PROPERTIES & DEVELOPMENTS LTD (REGISTERED NUMBER: 13978083)

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


3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 324,732
DEPRECIATION
At 1 April 2023 6,495
Charge for year 6,495
At 31 March 2024 12,990
NET BOOK VALUE
At 31 March 2024 311,742
At 31 March 2023 318,237

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1 -
Taxation and social security 1,078 -
Other creditors 118,024 121,272
119,103 121,272

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 207,524 207,524

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 207,524 207,524