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Registration number: 12305625

J & E Wray Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

J & E Wray Investments Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

J & E Wray Investments Limited

(Registration number: 12305625)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

844,103

846,948

Current assets

 

Debtors

6

1,407

1,225

Cash at bank and in hand

 

10,845

2,880

 

12,252

4,105

Creditors: Amounts falling due within one year

7

(146,193)

(151,271)

Net current liabilities

 

(133,941)

(147,166)

Total assets less current liabilities

 

710,162

699,782

Creditors: Amounts falling due after more than one year

7

(575,964)

(573,662)

Net assets

 

134,198

126,120

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

134,196

126,118

Shareholders' funds

 

134,198

126,120

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 21 March 2025 and signed on its behalf by:
 

Mr J Wray
Director

Mrs E Wray
Director

 
     
 

J & E Wray Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 21 March 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

J & E Wray Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property

No depreciation

Furniture & Fittings

Straight line 33%

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

J & E Wray Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

2,845

3,942

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

840,993

14,884

855,877

At 30 November 2024

840,993

14,884

855,877

Depreciation

At 1 December 2023

-

8,929

8,929

Charge for the year

-

2,845

2,845

At 30 November 2024

-

11,774

11,774

Carrying amount

At 30 November 2024

840,993

3,110

844,103

At 30 November 2023

840,993

5,955

846,948

Included within the net book value of land and buildings above is £840,993 (2023 - £840,993) in respect of long leasehold land and buildings.
 

6

Debtors

Current

2024
£

2023
£

Prepayments

1,407

804

Other debtors

-

421

 

1,407

1,225

 

J & E Wray Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

145,413

144,666

Accruals and deferred income

 

780

6,605

 

146,193

151,271

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

575,964

573,662

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £0.01 each

100

1

100

1

Ordinary A Shares of £0.01 each

50

1

50

1

Ordinary B Shares of £0.01 each

50

1

50

1

200

2

200

2

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

575,964

573,662

Current loans and borrowings

2024
£

2023
£

Other borrowings

145,413

144,666