Registered number
10063957
Wise Rock Property Ltd
Filleted Accounts
31 March 2025
Wise Rock Property Ltd
Registered number: 10063957
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 383 766
Current assets
Debtors 4 5,228 3,555
Cash at bank and in hand 3,391 5,409
8,619 8,964
Creditors: amounts falling due within one year 5 (5,591) (11,633)
Net current assets/(liabilities) 3,028 (2,669)
Net assets/(liabilities) 3,411 (1,903)
Capital and reserves
Called up share capital 5 5
Profit and loss account 3,406 (1,908)
Shareholder's funds 3,411 (1,903)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms M Zsiga
Director
Approved by the board on 11 July 2025
Wise Rock Property Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract, which is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computers and office equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computers & office equipment
£
Cost
At 1 April 2024 1,149
At 31 March 2025 1,149
Depreciation
At 1 April 2024 383
Charge for the year 383
At 31 March 2025 766
Net book value
At 31 March 2025 383
At 31 March 2024 766
4 Debtors 2025 2024
£ £
Trade debtors 5,228 3,000
Other debtors - 555
5,228 3,555
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 2,359 -
Other creditors 3,232 11,633
5,591 11,633
Included in creditors is £1,659 (2024: £9,926.00) owing to the director. The loan is interest-free and there is no fixed date of repayment. The director has confirmed that the loan will only be repaid as and when cash flow permits.
6 Other information
Wise Rock Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Coach House
Eton Avenue
London
England
NW3 3EL
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