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Company Registration No. 12473551 (England and Wales)
WJG Lifestyle Limited Unaudited accounts for the year ended 30 August 2024
WJG Lifestyle Limited Unaudited accounts Contents
Page
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WJG Lifestyle Limited Company Information for the year ended 30 August 2024
Directors
Andrew Gale Phillippa Gale Charles Gale
Company Number
12473551 (England and Wales)
Registered Office
4B Lynx Business Park Snailwell CB8 7NY United Kingdom
Accountants
TFA Partners Ltd Chartered Tax Advisers 4B Lynx Business Park, Fordham Road Snailwell Newmarket Cambridgeshire CB8 7NY
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WJG Lifestyle Limited Statement of financial position as at 30 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
700,000 
700,000 
Current assets
Cash at bank and in hand
7,011 
16,254 
Creditors: amounts falling due within one year
(306,220)
(320,092)
Net current liabilities
(299,209)
(303,838)
Total assets less current liabilities
400,791 
396,162 
Creditors: amounts falling due after more than one year
(498,362)
(498,709)
Net liabilities
(97,571)
(102,547)
Capital and reserves
Called up share capital
1 
1 
Fair value reserve
22,117 
22,117 
Profit and loss account
(119,689)
(124,665)
Shareholders' funds
(97,571)
(102,547)
For the year ending 30 August 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 26 August 2025 and were signed on its behalf by
Phillippa Gale Director Company Registration No. 12473551
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WJG Lifestyle Limited Notes to the Accounts for the year ended 30 August 2024
1
Statutory information
WJG Lifestyle Limited is a private company, limited by shares, registered in England and Wales, registration number 12473551. The registered office is 4B Lynx Business Park, Snailwell, CB8 7NY, 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.
Going concern
The accounts are prepared on the going concern basis. The company is significantly funded by the company directors who confirm that they will continue their support of the company for the next 12 months and beyond.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 31 August 2023
700,000 
At 30 August 2024
700,000 
Investment property is held in the accounts at fair value, derived from the current market value for comparable real estate determined annually by the company directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the property. Changes in fair value are recognised in the profit and loss account and recorded in the fair value reserve.
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WJG Lifestyle Limited Notes to the Accounts for the year ended 30 August 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
641 
928 
Trade creditors
230 
900 
Loans from directors
304,389 
305,264 
Accruals
960 
- 
Deferred income
- 
13,000 
306,220 
320,092 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
498,362 
498,709 
7
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
5,529 
4,202 
Tax losses carried forward
(5,529)
(4,202)
- 
- 
Increase in deferred tax arising on revaluation of investment property arises due to a change in the main rate of corporation tax from 19% (2023) to 25% (2024). The company has sufficient property losses carried forward to offset the potential deferred tax liability.
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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