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REGISTERED NUMBER: 01015713 (England and Wales)


















Financial Statements

for the Year Ended 31 January 2025

for

Warren Wright (Ipswich) Limited

Warren Wright (Ipswich) Limited (Registered number: 01015713)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Warren Wright (Ipswich) Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: R W Cattermole
A L Carter
R W Lang



REGISTERED OFFICE: Merchant House
33 Fore Street
Ipswich
Suffolk
IP4 1JL



REGISTERED NUMBER: 01015713 (England and Wales)



SENIOR STATUTORY AUDITOR: Jeffrey Stanley BSc(Econ) FCA



AUDITORS: Xeinadin Audit Limited
Statutory Auditor
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billerciay
Essex
CM12 0EQ

Warren Wright (Ipswich) Limited (Registered number: 01015713)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Investments 4 6,320 6,320
Investment property 5 7,435,000 7,335,000
7,441,320 7,341,320

CURRENT ASSETS
Debtors 6 388,730 278,236
Cash at bank 120,994 171,690
509,724 449,926
CREDITORS
Amounts falling due within one year 7 1,875,988 2,067,200
NET CURRENT LIABILITIES (1,366,264 ) (1,617,274 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,075,056

5,724,046

CREDITORS
Amounts falling due after more than one year 8 - (49,487 )

PROVISIONS FOR LIABILITIES (495,419 ) (484,870 )
NET ASSETS 5,579,637 5,189,689

CAPITAL AND RESERVES
Called up share capital 10 3,300 3,300
Fair value reserve 11 2,984,752 2,895,026
Retained earnings 2,591,585 2,291,363
SHAREHOLDERS' FUNDS 5,579,637 5,189,689

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





R W Lang - Director


Warren Wright (Ipswich) Limited (Registered number: 01015713)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Warren Wright (Ipswich) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the rent and services consideration received or receivable net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments
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 in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Warren Wright (Ipswich) Limited (Registered number: 01015713)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2024
and 31 January 2025 6,320
NET BOOK VALUE
At 31 January 2025 6,320
At 31 January 2024 6,320

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 7,335,000
Revaluations 100,000
At 31 January 2025 7,435,000
NET BOOK VALUE
At 31 January 2025 7,435,000
At 31 January 2024 7,335,000

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2025 7,435,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.1.25 31.1.24
£    £   
Cost 4,079,510 4,079,510

The investment properties were revalued on a fair value basis by Countrywide, Chartered Surveyors. Approximately one third of properties are revalued as at each balance sheet date. Thus all investment properties are revalued at least once in any three year period. At the year end the director assesses those properties valued in prior years to ensure the value shown has not materially changed.

Revaluation gains of £100,000 (2024: £121,000) have been included in profit and loss for the year and subsequently transferred to the fair value reserve.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 188,030 138,197
Other debtors 200,700 140,039
388,730 278,236

Warren Wright (Ipswich) Limited (Registered number: 01015713)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 198,200 227,664
Trade creditors 6,618 35,105
Amounts owed to group undertakings 229,143 229,143
Taxation and social security 66,052 109,400
Other creditors 1,375,975 1,465,888
1,875,988 2,067,200

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans - 49,487

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank loans 198,200 277,151

Bank loans are secured against the company's investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
300 Ordinary £1 300 300
3,000 Preference £1 3,000 3,000
3,300 3,300

The preference shares are non-equity shares which carry an entitlement to a dividend at 3% per share per annum. The shares are non-cumulative.

11. RESERVES
Fair
value
reserve
£   
At 1 February 2024 2,895,026
Transfers 89,726

At 31 January 2025 2,984,752

Fair value reserve relates to investment property revaluations, shown net of deferred tax.

Warren Wright (Ipswich) Limited (Registered number: 01015713)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeffrey Stanley BSc(Econ) FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited