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REGISTERED NUMBER: 13298551 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

WASSERMAN & WRIGHT LTD

WASSERMAN & WRIGHT LTD (REGISTERED NUMBER: 13298551)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WASSERMAN & WRIGHT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mrs R Z Wright





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
Lancashire
PR1 6AS





REGISTERED NUMBER: 13298551 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

WASSERMAN & WRIGHT LTD (REGISTERED NUMBER: 13298551)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Investments 4 200 -
Investment property 5 300,000 300,000
300,200 300,000

CURRENT ASSETS
Debtors 6 - 100
Cash at bank 240 162
240 262
CREDITORS
Amounts falling due within one year 7 (16,556 ) (14,394 )
NET CURRENT LIABILITIES (16,316 ) (14,132 )
TOTAL ASSETS LESS CURRENT LIABILITIES 283,884 285,868

CREDITORS
Amounts falling due after more than
one year

8

(256,352

)

(264,127

)

PROVISIONS FOR LIABILITIES 9 (2,963 ) (2,963 )
NET ASSETS 24,569 18,778

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 12,630 -
Retained earnings 11 11,839 18,678
SHAREHOLDERS' FUNDS 24,569 18,778

WASSERMAN & WRIGHT LTD (REGISTERED NUMBER: 13298551)

BALANCE SHEET - continued
30TH APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th January 2025 and were signed by:





Mrs R Z Wright - Director


WASSERMAN & WRIGHT LTD (REGISTERED NUMBER: 13298551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Wasserman & Wright 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.

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.

WASSERMAN & WRIGHT LTD (REGISTERED NUMBER: 13298551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


WASSERMAN & WRIGHT LTD (REGISTERED NUMBER: 13298551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued
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 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Unlisted
investment
£   
COST
Additions 200
At 30th April 2024 200
NET BOOK VALUE
At 30th April 2024 200

The company's investments at the Balance Sheet date in the share capital of companies include the following:

R & I Wright Ltd
Registered office: 17 Moor Park Avenue, Preston, PR1 6AS.
Nature of business: Veterinary Practice
%
Class of shares: holding
Ordinary A 100.00
Ordinary B 100.00

Sew Hot Ltd
Registered office: 17 Moor Park Avenue, Preston, PR1 6AS.
Nature of business: Retail of fabrics and patterns
%
Class of shares: holding
Ordinary 100.00

WASSERMAN & WRIGHT LTD (REGISTERED NUMBER: 13298551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023
and 30th April 2024 300,000
NET BOOK VALUE
At 30th April 2024 300,000
At 30th April 2023 300,000

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2023 15,593
Cost 284,407
300,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 284,407 284,407

The investment property was valued on an open market basis on 30th April 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors - 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,907 10,907
Trade creditors 2,910 1,215
Taxation and social security 1,628 1,312
Other creditors 1,111 960
16,556 14,394

WASSERMAN & WRIGHT LTD (REGISTERED NUMBER: 13298551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 165,524 176,813
Amounts owed to group undertakings 90,828 87,314
256,352 264,127

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 100,467 100,467

Amounts owed to group undertakings comprises the interest free amount owed to R & I Wright Ltd and Sew Hot Ltd, both companies have an agreed rolling notice period of one year and one day.

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 2,963 2,963

Deferred
tax
£   
Balance at 1st May 2023 2,963
Balance at 30th April 2024 2,963

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

WASSERMAN & WRIGHT LTD (REGISTERED NUMBER: 13298551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


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

At 1st May 2023 18,678 - 18,678
Profit for the year 76,991 76,991
Dividends (71,200 ) (71,200 )
Prior Year Revaluations (12,630 ) 12,630 -
At 30th April 2024 11,839 12,630 24,469

12. RELATED PARTY DISCLOSURES

Included within the intercompany balances at the balance sheet date are amounts owed to R & I Wright Ltd and Sew Hot Ltd of £83,134 and £7,694 respectively, (2023; £82,535 and £4,780). The companies are held under the common control of the shareholders Ian Wright and Rebecca Wright. The balance is interest free with any remainder repayable on demand.