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Company Registration No. 09186393 (England and Wales)
Wheelers Property Solutions Ltd Unaudited accounts for the year ended 30 November 2024
Wheelers Property Solutions Ltd Unaudited accounts Contents
Page
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Wheelers Property Solutions Ltd Company Information for the year ended 30 November 2024
Directors
Leeroy Wheeler Hayley Wheeler
Company Number
09186393 (England and Wales)
Registered Office
11 Chapel Lane Arnold Nottingham NG5 7DR United Kingdom
Accountants
Select Accountancy Limited 11 Chapel Lane Arnold Nottingham Nottingham Nottinghamshire NG5 7DR
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Wheelers Property Solutions Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,884 
3,595 
Investment property
5,086,664 
4,548,551 
5,090,548 
4,552,146 
Current assets
Debtors
40,735 
48,608 
Cash at bank and in hand
62,400 
149,515 
103,135 
198,123 
Creditors: amounts falling due within one year
(1,053,356)
(999,766)
Net current liabilities
(950,221)
(801,643)
Total assets less current liabilities
4,140,327 
3,750,503 
Creditors: amounts falling due after more than one year
(3,984,128)
(3,664,281)
Net assets
156,199 
86,222 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
156,197 
86,220 
Shareholders' funds
156,199 
86,222 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by
Leeroy Wheeler Director Company Registration No. 09186393
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Wheelers Property Solutions Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Wheelers Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09186393. The registered office is 11 Chapel Lane, Arnold, Nottingham, NG5 7DR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
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Wheelers Property Solutions Ltd Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
4,584 
8,000 
12,584 
Additions
1,583 
- 
1,583 
At 30 November 2024
6,167 
8,000 
14,167 
Depreciation
At 1 December 2023
2,887 
6,102 
8,989 
Charge for the year
819 
475 
1,294 
At 30 November 2024
3,706 
6,577 
10,283 
Net book value
At 30 November 2024
2,461 
1,423 
3,884 
At 30 November 2023
1,697 
1,898 
3,595 
5
Investment property
2024 
£ 
Fair value at 1 December 2023
4,548,551 
Additions
538,113 
At 30 November 2024
5,086,664 
Due to the high number of properties held, individual revaluations per property would create significant and undue cost and effort, therefore all investment properties are stated at cost price plus capital expenditure in line with FRS 102 Section 16.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
450 
4,795 
Accrued income and prepayments
5,345 
4,483 
Other debtors
34,940 
39,330 
40,735 
48,608 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
307,429 
247,717 
Trade creditors
76 
128 
Taxes and social security
21,813 
18,156 
Other creditors
47,965 
44,165 
Loans from directors
668,167 
682,768 
Accruals
7,906 
6,832 
1,053,356 
999,766 
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Wheelers Property Solutions Ltd Notes to the Accounts for the year ended 30 November 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,984,128 
3,664,281 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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