1 August 2023 v2025.19.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP135232752023-08-012024-07-31135232752024-07-31135232752023-07-3113523275core:WithinOneYear2024-07-3113523275core:WithinOneYear2023-07-3113523275core:AfterOneYear2024-07-3113523275core:AfterOneYear2023-07-3113523275core:ShareCapital2024-07-3113523275core:ShareCapital2023-07-3113523275core:RevaluationReserve2024-07-3113523275core:RevaluationReserve2023-07-3113523275core:OtherReservesSubtotal2024-07-3113523275core:OtherReservesSubtotal2023-07-3113523275core:RetainedEarningsAccumulatedLosses2024-07-3113523275core:RetainedEarningsAccumulatedLosses2023-07-3113523275bus:Director12023-08-012024-07-3113523275bus:Director22023-08-012024-07-3113523275bus:RegisteredOffice2023-08-012024-07-3113523275core:LandBuildings2023-08-012024-07-3113523275core:LandBuildings2023-08-0113523275core:LandBuildings2024-07-3113523275core:LandBuildings2023-07-311352327512023-08-012024-07-31135232752022-08-012023-07-3113523275countries:EnglandWales2023-08-012024-07-3113523275bus:AuditExemptWithAccountantsReport2023-08-012024-07-3113523275bus:PrivateLimitedCompanyLtd2023-08-012024-07-3113523275bus:SmallEntities2023-08-012024-07-3113523275bus:FullAccounts2023-08-012024-07-31
Company registration number:
13523275
WANG AND HSIA RENTAL PROPERTIES LIMITED
Unaudited Filleted Financial Statements for the year ended
31 July 2024
WANG AND HSIA RENTAL PROPERTIES LIMITED
Report to the board of directors on the preparation of the unaudited statutory financial statements of WANG AND HSIA RENTAL PROPERTIES LIMITED
Year ended
31 July 2024
As described on the statement of financial position, the Board of Directors of
WANG AND HSIA RENTAL PROPERTIES LIMITED
are responsible for the preparation of the
financial statements
for the year ended
31 July 2024
, which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
AZCO (UK) Limited
23
WOODFORD AVENUE
ESSEX
IG2 6UF
United Kingdom
WANG AND HSIA RENTAL PROPERTIES LIMITED
Statement of Financial Position
31 July 2024
20242023
Note££
Fixed assets    
Tangible assets 5
3,480,000
 
3,180,000
 
Current assets    
Cash at bank and in hand
763
 
352
 
Creditors: amounts falling due within one year 6
(379,129
)
(355,929
)
Net current liabilities
(378,366
)
(355,577
)
Total assets less current liabilities 3,101,634   2,824,423  
Creditors: amounts falling due after more than one year 7
(2,383,291
)
(2,132,129
)
Net assets
718,343
 
692,294
 
Capital and reserves    
Called up share capital
200
 
200
 
Revaluation reserve
1,703,623
 
1,654,811
 
Other reserves
(606,940
)
(606,940
)
Profit and loss account
(378,540
)
(355,777
)
Shareholders funds
718,343
 
692,294
 
For the year ending
31 July 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
8 April 2025
, and are signed on behalf of the board by:
MS HSI CHIEH WANG
MS WEN YEN HSIA
DirectorDirector
Company registration number:
13523275
WANG AND HSIA RENTAL PROPERTIES LIMITED
Notes to the Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
209 FULHAM PALACE
,
LONDON
,
W6 8QX
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line over 40 years

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Tangible assets

Land and buildings
£
Cost or valuation  
At
1 August 2023
3,180,000
 
Revaluations
300,000
 
At
31 July 2024
3,480,000
 
Depreciation  
At
1 August 2023
and
31 July 2024
-  
Carrying amount  
At
31 July 2024
3,480,000
 
At 31 July 2023
3,180,000
 

6 Creditors: amounts falling due within one year

20242023
££
Trade creditors
6,000
 
4,800
 
Taxation and social security
311,629
 
311,629
 
Other creditors
61,500
 
39,500
 
379,129
 
355,929
 

7 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
2,383,291
 
2,132,129