0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 392,964 392,964 392,964 xbrli:pure xbrli:shares iso4217:GBP 13746858 2023-12-01 2024-11-30 13746858 2024-11-30 13746858 2023-11-30 13746858 2022-12-01 2023-11-30 13746858 2023-11-30 13746858 2022-11-30 13746858 bus:Director1 2023-12-01 2024-11-30 13746858 core:WithinOneYear 2024-11-30 13746858 core:WithinOneYear 2023-11-30 13746858 core:ShareCapital 2024-11-30 13746858 core:ShareCapital 2023-11-30 13746858 core:RetainedEarningsAccumulatedLosses 2024-11-30 13746858 core:RetainedEarningsAccumulatedLosses 2023-11-30 13746858 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 13746858 core:LandBuildings core:OwnedOrFreeholdAssets 2023-11-30 13746858 bus:SmallEntities 2023-12-01 2024-11-30 13746858 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 13746858 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 13746858 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13746858 bus:FullAccounts 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 13746858
Wisdom8 Real Estate Limited
Filleted Unaudited Financial Statements
30 November 2024
Wisdom8 Real Estate Limited
Financial Statements
Year ended 30 November 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Wisdom8 Real Estate Limited
Balance Sheet
30 November 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
4
392,964
392,964
Current assets
Debtors
5
15,394
1,750
Cash at bank and in hand
3,233
759
--------
-------
18,627
2,509
Creditors: amounts falling due within one year
6
( 417,036)
( 401,646)
---------
---------
Net current liabilities
( 398,409)
( 399,137)
---------
---------
Total assets less current liabilities
( 5,445)
( 6,173)
-------
-------
Net liabilities
( 5,445)
( 6,173)
-------
-------
Wisdom8 Real Estate Limited
Balance Sheet (continued)
30 November 2024
2024
2023
Note
£
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 5,545)
( 6,273)
-------
-------
Shareholders deficit
( 5,445)
( 6,173)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the 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.
Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 May 2025 , and are signed on behalf of the board by:
K L Tulpa
Director
Company registration number: 13746858
Wisdom8 Real Estate Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 investment properties measured at fair value through profit or loss. They have been prepared in sterling, which is the functional currency of the entity.
Going concern
The director acknowledges the retained losses in the company during the year, but believes with her continued support, the company is a going concern.
Revenue recognition
Rent receivable is measured at the fair value of the consideration received or receivable and represents amounts receivable for property rents, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Investment property
Investment Properties are initially measured at cost, with subsequent measurement at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The fair value is determined annually by the director, on an open market value for existing use basis.
4. Tangible assets
Freehold property
£
Cost
At 1 December 2023 and 30 November 2024
392,964
---------
Depreciation
At 1 December 2023 and 30 November 2024
---------
Carrying amount
At 30 November 2024
392,964
---------
At 30 November 2023
392,964
---------
The fair value of the company's investment property at the balance sheet date has been arrived at on the basis of valuations carried out on that date by the director. The director used experience of local property prices and market evidence for sales of similar properties at the time.
5. Debtors
2024
2023
£
£
Trade debtors
12,210
Other debtors
3,184
1,750
--------
-------
15,394
1,750
--------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
641
99
Corporation tax
171
68
Other creditors
416,224
401,479
---------
---------
417,036
401,646
---------
---------
7. Director's advances, credits and guarantees
During the year, the director had an interest-free, repayable on demand loan with the company. At start of the year the director was owed £452 and at the end of the year, was owed £764.
8. Related party transactions
During the year, Wisdom8 Real Estate Limited had a loan from a company under the common control of the director. The loan is unsecured, interest bearing and repayable on demand. At the start of the year, Wisdom8 Real Estate Limited owed £400,547 to the company and end of the year owed £399,944.