WARDS PROPERTY MANAGEMENT LTD

Company Registration Number:
06861969 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 1 March 2024

End date: 28 February 2025

WARDS PROPERTY MANAGEMENT LTD

Contents of the Financial Statements

for the Period Ended 28 February 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WARDS PROPERTY MANAGEMENT LTD

Directors' report period ended 28 February 2025

The directors present their report with the financial statements of the company for the period ended 28 February 2025

Principal activities of the company

RESIDENTIAL PROPERTY LETTING AGENCY



Directors

The director shown below has held office during the whole of the period from
1 March 2024 to 28 February 2025

JUSTIN WARD


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 July 2025

And signed on behalf of the board by:
Name: JUSTIN WARD
Status: Director

WARDS PROPERTY MANAGEMENT LTD

Profit And Loss Account

for the Period Ended 28 February 2025

2025 2024


£

£
Turnover: 1,141,256 432,182
Cost of sales: ( 703,128 ) ( 203,307 )
Gross profit(or loss): 438,128 228,875
Administrative expenses: ( 362,623 ) ( 220,736 )
Operating profit(or loss): 75,505 8,139
Interest receivable and similar income: 671
Profit(or loss) before tax: 75,505 8,810
Tax: ( 1,903 ) ( 508 )
Profit(or loss) for the financial year: 73,602 8,302

WARDS PROPERTY MANAGEMENT LTD

Balance sheet

As at 28 February 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 158,008 51,227
Total fixed assets: 158,008 51,227
Current assets
Debtors: 4 152,500 78,248
Cash at bank and in hand: 86,621 76,359
Total current assets: 239,121 154,607
Creditors: amounts falling due within one year: 5 ( 108,189 ) ( 44,318 )
Net current assets (liabilities): 130,932 110,289
Total assets less current liabilities: 288,940 161,516
Creditors: amounts falling due after more than one year: 6 ( 123,729 ) ( 23,685 )
Total net assets (liabilities): 165,211 137,831
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 165,210 137,830
Total Shareholders' funds: 165,211 137,831

The notes form part of these financial statements

WARDS PROPERTY MANAGEMENT LTD

Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 25 July 2025
and signed on behalf of the board by:

Name: JUSTIN WARD
Status: Director

The notes form part of these financial statements

WARDS PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover is measured at the fair fair value and consideration received or receivable, net of discounts and value added taxes

    Tangible fixed assets depreciation policy

    Fixtures and Fittings = 20% Reducing Balance Equipment = 25% Reducing Balance Motor Vehicles = 25% Reducing Balance

WARDS PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 8 8

WARDS PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2024 0 8,544 0 51,227 59,771
Additions 85,500 2,468 4,225 24,928 117,121
Disposals
Revaluations
Transfers
At 28 February 2025 85,500 11,012 4,225 76,155 176,892
Depreciation
At 1 March 2024 0 0 8,544 8,544
Charge for year 890 1,390 8,060 10,340
On disposals
Other adjustments
At 28 February 2025 890 1,390 16,604 18,884
Net book value
At 28 February 2025 85,500 10,122 2,835 59,551 158,008
At 29 February 2024 0 8,544 0 42,683 51,227

WARDS PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Debtors

2025 2024
£ £
Trade debtors 152,500 78,248
Total 152,500 78,248

WARDS PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 28,444 24,955
Taxation and social security 79,745 19,363
Total 108,189 44,318

WARDS PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

6. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Bank loans and overdrafts 68,754
Other creditors 54,975 23,685
Total 123,729 23,685