Company Registration No. 09647307 (England and Wales)
Wiser Property Ltd
Unaudited accounts
for the year ended 30 June 2024
Wiser Property Ltd
Unaudited accounts
Contents
Wiser Property Ltd
Company Information
for the year ended 30 June 2024
Company Number
09647307 (England and Wales)
Registered Office
7 Southbrook Road
Bovey Tracey
Devon
TQ13 9YZ
Accountants
Sean Clarke Accountancy
7 Southbrook Road
Bovey Tracey
Devon
TQ13 9YZ
Wiser Property Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
5,948,340
4,647,043
Cash at bank and in hand
19,141
5,706
Creditors: amounts falling due within one year
(174,702)
(316,164)
Net current liabilities
(148,884)
(306,045)
Total assets less current liabilities
5,799,456
4,340,998
Creditors: amounts falling due after more than one year
(4,420,418)
(3,441,340)
Provisions for liabilities
Deferred tax
(426,473)
(259,924)
Net assets
952,565
639,734
Called up share capital
10
10
Profit and loss account
952,555
639,724
Shareholders' funds
952,565
639,734
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 January 2025 and were signed on its behalf by
Mr A Sanders
Director
Company Registration No. 09647307
Wiser Property Ltd
Notes to the Accounts
for the year ended 30 June 2024
Wiser Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 09647307. The registered office is 7 Southbrook Road, Bovey Tracey, Devon, TQ13 9YZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At valuation
At cost
At cost
At 1 July 2023
4,646,589
1,278
726
4,648,593
Additions
508,322
-
-
508,322
Revaluations
793,089
-
-
793,089
At 30 June 2024
5,948,000
1,278
726
5,950,004
At 1 July 2023
-
977
573
1,550
Charge for the year
-
75
39
114
At 30 June 2024
-
1,052
612
1,664
At 30 June 2024
5,948,000
226
114
5,948,340
At 30 June 2023
4,646,589
301
153
4,647,043
Amounts falling due within one year
Wiser Property Ltd
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
5,400
-
Taxes and social security
1,604
1,604
Other creditors
247,883
270,332
Loans from directors
(80,785)
43,628
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
4,420,418
3,441,340
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).