W.L. & J.M. Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00677991 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

W.L. & J.M. Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T M Letheby

W A Mason

C J Mahoney

SECRETARY:

W A Mason

REGISTERED OFFICE:

2 Craven Road

Ealing

London

W5 2UA

REGISTERED NUMBER:

00677991 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,862,043

CURRENT ASSETS

Debtors

5

23,709

23,234

Cash at bank and in hand

424,328

396,669

448,037

419,903

CREDITORS

Amounts falling due within one year

6

88,703

92,671

NET CURRENT ASSETS

359,334

327,232

TOTAL ASSETS LESS CURRENT LIABILITIES

2,221,377

2,189,275

PROVISIONS FOR LIABILITIES

273,775

NET ASSETS

1,947,602

1,915,500

CAPITAL AND RESERVES

Called up share capital

7

12,200

Revaluation reserve

1,553,979

Retained earnings

381,423

349,321

SHAREHOLDERS' FUNDS

1,947,602

1,915,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by:

T M Letheby - Director

1.	STATUTORY INFORMATION

W.L. & J.M. Properties 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 the total amount, excluding value added tax, derived from letting the company's freehold properties.

Investment properties

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Investment properties are included in the balance sheet at their open market value. Depreciation is provided

only on those investment properties which are leasehold and where the unexpired lease term is less than 20

years.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Basic financial assets, including trade and other debtors, are initially recognized at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortized cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognized at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortized cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,862,043

NET BOOK VALUE

At 31 March 2025

1,862,043

At 31 March 2024

1,862,043

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2015

666,271

Valuation in 2017

1,161,483

Cost

34,289

1,862,043

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

23,709

23,234

The loans are to associated companies and are unsecured and interest free.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

846

7,528

Taxation and social security

26,862

26,906

Other creditors

60,995

58,237

88,703

92,671

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

12,000

Ordinary

£1

12,000

200

Redeemable Ordinary shares

£1

200

12,200