Registration number: 4989086

Wardgreen Properties Limited

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 8

Wardgreen Properties Limited

Company Information

Directors

Mrs S A Ward Mr R H Green

Registered office

110 Chandos Avenue Whetstone London N20 9DZ

Accountants

JPL 110 Chandos Avenue Whetstone London N20 9DZ

Wardgreen Properties Limited

(Registration number: 4989086)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	45	60
Investment property	5	791,000	750,000
		791,045	750,060
Current assets
Cash at bank and in hand		2,528	2,455
Creditors: Amounts falling due within one year	6	(15,017)	(16,504)
Net current liabilities		(12,489)	(14,049)
Total assets less current liabilities		778,556	736,011
Creditors: Amounts falling due after more than one year	6	(34,221)	(42,885)
Provisions for liabilities		(33,287)	(33,287)
Net assets		711,048	659,839
Capital and reserves
Called up share capital	7	100	100
Other reserves		367,032	326,032
Retained earnings		343,916	333,707
Shareholders' funds		711,048	659,839

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 September 2025 and signed on its behalf by:
 

......................................... Mrs S A Ward Director

Wardgreen Properties Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital £	Non-distributable reserve £	Retained earnings £	Total £
At 1 January 2024	100	326,032	333,707	659,839
Profit for the year	-	-	59,309	59,309
Other comprehensive income	-	41,000	(41,000)	-
Total comprehensive income	-	41,000	18,309	59,309
Dividends	-	-	(8,100)	(8,100)
At 31 December 2024	100	367,032	343,916	711,048

	Share capital £	Non-distributable reserve £	Retained earnings £	Total £
At 1 January 2023	100	326,032	356,801	682,933
Loss for the year	-	-	(15,102)	(15,102)
Dividends	-	-	(7,992)	(7,992)
At 31 December 2023	100	326,032	333,707	659,839

Wardgreen Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
110 Chandos Avenue
Whetstone
London
N20 9DZ

The principal place of business is:
18 Parkside
MILL HILL
London
NW7 2LH

These financial statements were authorised for issue by the Board on 1 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Wardgreen Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% on reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Wardgreen Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	3,636	3,636
At 31 December 2024	3,636	3,636
Depreciation
At 1 January 2024	3,576	3,576
Charge for the year	15	15
At 31 December 2024	3,591	3,591
Carrying amount
At 31 December 2024	45	45
At 31 December 2023	60	60

5	Investment properties

	2024 £
At 1 January	750,000
Fair value adjustments	41,000
At 31 December	791,000

The company's investment properties are stated at Fair Value, as provided by the directors.

There has been no valuation of investment property by an independent valuer.

Wardgreen Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	8,653	8,224
Taxation and social security		761	-
Accruals and deferred income		1,980	2,172
Other creditors		3,623	6,108
		15,017	16,504

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	34,221	42,885

	2024 £	2023 £
Due after more than five years
After more than five years by instalments	3,654	13,089

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