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COMPANY REGISTRATION NUMBER: 11270799
WISEMOVE PROPERTIES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
27 March 2024
WISEMOVE PROPERTIES LTD
OFFICERS AND PROFESSIONAL ADVISERS
THE BOARD OF DIRECTORS
M Lewis
D Lewis
REGISTERED OFFICE
20 - 22 Bridge End
Leeds
United Kingdom
LS1 4DJ
ACCOUNTANTS
Wine & Co
Chartered accountants
20-22 Bridge End
Leeds
LS1 4DJ
WISEMOVE PROPERTIES LTD
STATEMENT OF FINANCIAL POSITION
27 March 2024
27 Mar 24
29 Mar 23
Note
£
£
FIXED ASSETS
Investment Property
4
1,120,682
408,547
CURRENT ASSETS
Debtors
5
1,747
1,747
Cash at bank and in hand
4,913
92,795
-------
--------
6,660
94,542
CREDITORS: amounts falling due within one year
6
( 181,629)
( 67,776)
---------
--------
NET CURRENT (LIABILITIES)/ASSETS
( 174,969)
26,766
------------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
945,713
435,313
CREDITORS: amounts falling due after more than one year
Bank loans and overdrafts
( 905,375)
( 423,463)
---------
---------
NET ASSETS
40,338
11,850
---------
---------
CAPITAL AND RESERVES
Profit and loss account
40,338
11,850
--------
--------
SHAREHOLDERS FUNDS
40,338
11,850
--------
--------
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 statement of income and retained earnings has not been delivered.
For the period ending 27 March 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 period 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 .
WISEMOVE PROPERTIES LTD
STATEMENT OF FINANCIAL POSITION (continued)
27 March 2024
These financial statements were approved by the board of directors and authorised for issue on 18 June 2025 , and are signed on behalf of the board by:
M Lewis
Director
Company registration number: 11270799
WISEMOVE PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 30 MARCH 2023 TO 27 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, LS1 4DJ, United Kingdom.
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 certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. INVESTMENT PROPERTY
Investment Property
£
Cost
At 30 March 2023
408,547
Additions
712,135
------------
At 27 March 2024
1,120,682
------------
Depreciation
At 30 March 2023 and 27 March 2024
------------
Carrying amount
At 27 March 2024
1,120,682
------------
At 29 March 2023
408,547
------------
5. DEBTORS
27 Mar 24
29 Mar 23
£
£
Other debtors
1,747
1,747
-------
-------
6. CREDITORS: amounts falling due within one year
27 Mar 24
29 Mar 23
£
£
Bank loans and overdrafts
6,578
6,577
Corporation tax
6,322
2,780
Other creditors
168,729
58,419
---------
--------
181,629
67,776
---------
--------