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REGISTERED NUMBER: 09019701 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

WOLVERHAMPTON PROPERTY SERVICES (UK) LTD

WOLVERHAMPTON PROPERTY SERVICES (UK) LTD (REGISTERED NUMBER: 09019701)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


WOLVERHAMPTON PROPERTY SERVICES (UK) LTD (REGISTERED NUMBER: 09019701)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214 267
Investment property 5 150,000 150,000
150,214 150,267

CREDITORS
Amounts falling due within one year 6 83,159 82,901
NET CURRENT LIABILITIES (83,159 ) (82,901 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,055

67,366

PROVISIONS FOR LIABILITIES 16,000 16,000
NET ASSETS 51,055 51,366

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 51,054 51,365
51,055 51,366

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

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

WOLVERHAMPTON PROPERTY SERVICES (UK) LTD (REGISTERED NUMBER: 09019701)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 February 2025 and were signed by:





S S Gill - Director


WOLVERHAMPTON PROPERTY SERVICES (UK) LTD (REGISTERED NUMBER: 09019701)

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


1. STATUTORY INFORMATION

Wolverhampton Property Services (UK) Ltd is a private company, limited by shares, registered in England and Wales, registered number 09019701. Its registered office is Admiral House, Waterfont East, Brierley Hill, West Midlands, DY5 1XG.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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 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.

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.

Going concern
The accounts have been drawn up on the going concern basis. The company's ongoing activities are dependent upon the continued financial support of its director, who has undertaken that this support will be given for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

WOLVERHAMPTON PROPERTY SERVICES (UK) LTD (REGISTERED NUMBER: 09019701)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 3,000
DEPRECIATION
At 1 June 2023 2,733
Charge for year 53
At 31 May 2024 2,786
NET BOOK VALUE
At 31 May 2024 214
At 31 May 2023 267

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 150,000
NET BOOK VALUE
At 31 May 2024 150,000
At 31 May 2023 150,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2021 70,000
Cost 80,000
150,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 83,159 82,901