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WRIMES PROPERTIES LTD

Registered Number
12694795
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

WRIMES PROPERTIES LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

AMES, Lewis Drew
WRIGHT, Lee Stephen

Registered Address

Unit 1-3 Caxton Gate
Caxton Way
Stevenage
SG1 2GF

Registered Number

12694795 (England and Wales)
WRIMES PROPERTIES LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

ASSETS
Fixed assets
Tangible assets3,221,7183,234,738
3,221,7183,234,738
Current assets
Debtors19,91422,914
Cash at bank and in hand1,199717
21,11323,631
21,11323,631
3,242,8313,258,369
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital100100
Revaluation reserve561,261561,261
Profit and loss account(58,360)(44,811)
503,001516,550
Liabilities
Creditors amounts falling due within one year949,007919,798
Creditors amounts falling due after one year1,790,8231,822,021
3,242,8313,258,369
The financial statements were approved and authorised for issue by the Board of Directors on 23 May 2025, and are signed on its behalf by:
AMES, Lewis Drew
Director
Registered Company No. 12694795
WRIMES PROPERTIES LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Investment property
Tangible Assets is made up of Investment Property and Fixtures & Fittings. The investment property is accounted for in accordance with FRS 102, Section 16 Investment Property. It is measured at fair value at each balance sheet date, with any changes in fair value recognised in profit or loss. Fair value is determined by the directors based on their assessment of the current market conditions and the specific characteristics of the property. The directors’ valuation is reviewed periodically and updated when there is evidence of a material change in value. The value of investment property is £3,113,986 (2024: £3,113,986). Fixtures & Fittings have a carrying value of £107,732 (2024: £120,752). Fixtures & Fittings are depreciated over a useful life of 10-years.
Trade and other creditors
Creditors: amounts falling due after more than one year. The bank loan is secured by a legal charge over the freehold property owned by the company. The loan is repayable in monthly instalments over a fixed term with a fixed interest rate. There are no covenant breaches as at the reporting date.
Related parties
At the balance sheet date, and included within Creditors amounts falling due within one year, Wrimes Properties Limited owes £675,000 (2024: £655,000) to Wrimes Cosmetics Limited. Wrimes Cosmetics Limited is considered a related party as both companies have the same two directors and shareholders. The balance is unsecured, interest-free, and repayable on demand.
2.Average number of employees

20242023
Average number of employees during the year00