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Registered number: 08648401
W & F Property Services Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 08648401
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 282,466 282,466
Investments 5 50 -
282,516 282,466
CURRENT ASSETS
Debtors 6 707 1,912
Cash at bank and in hand 29,695 22,697
30,402 24,609
Creditors: Amounts Falling Due Within One Year 7 (189,169 ) (186,161 )
NET CURRENT ASSETS (LIABILITIES) (158,767 ) (161,552 )
TOTAL ASSETS LESS CURRENT LIABILITIES 123,749 120,914
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,746 ) (24,980 )
NET ASSETS 101,003 95,934
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Fair value reserve 9 76,754 86,645
Profit and Loss Account 23,249 8,289
SHAREHOLDERS' FUNDS 101,003 95,934
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Finucane
Director
16 April 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Fair value reserve Profit and Loss Account Total
£ £ £ £
As at 1 September 2022 1,000 78,461 13,860 93,321
Profit for the year and total comprehensive income - - 2,613 2,613
Transfer to/from Fair value reserve - - (8,184) (8,184)
Transfer to/from Profit & Loss Account - 8,184 - 8,184
As at 31 August 2023 and 1 September 2023 1,000 86,645 8,289 95,934
Profit for the year and total comprehensive income - - 5,069 5,069
Transfer to/from Fair value reserve - - 9,891 9,891
Transfer to/from Profit & Loss Account - (9,891 ) - (9,891)
As at 31 August 2024 1,000 76,754 23,249 101,003
Page 3
Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Rent receivable
Turnover represents rents received in the year.

1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 3 Years on cost
1.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value is as per the director. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.6. Investments
Unlisted investment is included at cost less impairment.
2. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 4
Page 5
3. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 1,593
Disposals (850 )
As at 31 August 2024 743
Depreciation
As at 1 September 2023 1,593
Disposals (850 )
As at 31 August 2024 743
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
4. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 282,466
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 182,966 182,966
5. Investments
Unlisted
£
Cost
As at 1 September 2023 -
Additions 50
As at 31 August 2024 50
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 50
As at 1 September 2023 -
Investments at the year end represent shares in Sempar Commercial Finance Limited, this company is incorporated in England & Wales. 
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,180
Prepayments and accrued income 707 732
707 1,912
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 568 -
Other creditors 8,000 -
Accruals and deferred income 558 508
Director's loan account 180,043 185,653
189,169 186,161
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Reserves
Fair Value Reserve
£
As at 1 September 2023 86,645
Transfer to profit and loss (9,891 )
As at 31 August 2024 76,754
Fair value reserve represents fair value gains on revauluation of investment property net of deferred tax.
Page 6