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Wolf And Sword Property Partners Limited

Registered Number
11695149
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

Wolf And Sword Property Partners Limited
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

Jennings, Holly Gemma Louise
Osborn, Nicholas James

Registered Address

B1 Vantage Park Old Gloucester Road
Hambrook
Bristol
BS16 1GW

Registered Number

11695149 (England and Wales)
Wolf And Sword Property Partners Limited
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets310,83113,539
Investments5100100
Investment property4465,000465,000
475,931478,639
Current assets
Debtors630,911269
Cash at bank and on hand42,18576,976
73,09677,245
Creditors amounts falling due within one year7(155,806)(193,418)
Net current assets (liabilities)(82,710)(116,173)
Total assets less current liabilities393,221362,466
Creditors amounts falling due after one year8(353,078)(354,081)
Provisions for liabilities10(10,656)(2,803)
Net assets29,4875,582
Capital and reserves
Called up share capital100100
Profit and loss account29,3875,482
Shareholders' funds1129,4875,582
The financial statements were approved and authorised for issue by the Board of Directors on 11 August 2025, and are signed on its behalf by:
Osborn, Nicholas James
Director
Registered Company No. 11695149
Wolf And Sword Property Partners Limited
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings20
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year21
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 December 2323,43023,430
At 30 November 2423,43023,430
Depreciation and impairment
At 01 December 239,8919,891
Charge for year2,7082,708
At 30 November 2412,59912,599
Net book value
At 30 November 2410,83110,831
At 30 November 2313,53913,539
4.Investment property
Investment properties are held at fair value and are valued at the year end by the directors.

£
Fair value at 01 December 23465,000
Disposals(26,606)
Fair value adjustments26,606
At 30 November 24465,000
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 December 23100100
At 30 November 24100100
Net book value
At 30 November 24100100
At 30 November 23100100

Notes

1Investments in group undertakings and participating interests
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables7,544-
Other debtors23,035-
Prepayments and accrued income332269
Total30,911269
7.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties100100
Taxation and social security4,7069,122
Other creditors150,000183,596
Accrued liabilities and deferred income1,000600
Total155,806193,418
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts353,078354,081
Total353,078354,081
9.Secured creditors
Bank loans are secured against the properties held as assets.
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)10,6562,803
Total10,6562,803
11.Fair value reserve

£
Fair value reserve at 01 December 2313,358
Transferred in period18,610
At 30 November 2431,968