| Wrintis Investments Limited |
| Registered number: |
00634082 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
4,761 |
|
|
4,698 |
| Investments |
4 |
|
|
5,145,000 |
|
|
5,248,000 |
|
|
|
|
5,149,761 |
|
|
5,252,698 |
|
| Current assets |
| Debtors |
5 |
|
11,672 |
|
|
4,918 |
| Cash at bank and in hand |
|
|
344,485 |
|
|
700,471 |
|
|
|
356,157 |
|
|
705,389 |
|
| Creditors: amounts falling due within one year |
6 |
|
(110,855) |
|
|
(167,783) |
|
| Net current assets |
|
|
|
245,302 |
|
|
537,606 |
|
| Total assets less current liabilities |
|
|
|
5,395,063 |
|
|
5,790,304 |
|
|
| Provisions for liabilities |
|
|
|
(435,833) |
|
|
(585,069) |
|
|
| Net assets |
|
|
|
4,959,230 |
|
|
5,205,235 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,499 |
|
|
1,499 |
| Capital redemption reserve |
|
|
|
106,758 |
|
|
106,758 |
| Revaluation reserve |
7 |
|
|
2,751,120 |
|
|
2,827,330 |
| Profit and loss account |
|
|
|
2,099,853 |
|
|
2,269,648 |
|
| Shareholder's funds |
|
|
|
4,959,230 |
|
|
5,205,235 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| D W Chun |
| Director |
| Approved by the board on 15 September 2025 |
|
| Wrintis Investments Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Rental income from operating leases is recognised evenly over the term of the relevant lease. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Office fixtures and fittings |
over 10 years |
|
|
Investment properties |
|
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair market value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2024 |
5,220 |
|
Additions |
649 |
|
At 31 March 2025 |
5,869 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
522 |
|
Charge for the year |
586 |
|
At 31 March 2025 |
1,108 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
4,761 |
|
At 31 March 2024 |
4,698 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
5,248,000 |
|
Additions |
882,446 |
|
Revaluation |
(225,446) |
|
Disposals |
(760,000) |
|
|
At 31 March 2025 |
5,145,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 April 2024 |
2,247,333 |
|
At 31 March 2025 |
2,830,697 |
|
|
|
|
|
|
|
|
|
|
20 Westfield Road was valued as at 31 March 2025 by the director, D W Chun, based on the valuation at time of purchase in June 2024. The valuations of the other investment properties were made by Carter Jonas LLP on an open market value as at 31 March 2025. |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
11,672 |
|
4,918 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
76,919 |
|
127,178 |
|
Other creditors |
33,936 |
|
40,605 |
|
|
|
|
|
|
110,855 |
|
167,783 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
2,827,330 |
|
2,890,784 |
|
Loss on revaluation of land and buildings |
(225,446) |
|
(172,000) |
|
Deferred taxation arising on the revaluation of land and buildings |
149,236 |
|
108,546 |
|
|
At 31 March 2025 |
2,751,120 |
|
2,827,330 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
The three investment properties purchased by the company during the year to 31 March 2025 costing £882,446, were purchased from D W Chun sole shareholder/director at open market values supplied by Carter Jonas LLP. |
|
|
| 9 |
Controlling party |
|
|
D W Chun has full control of the company as a director and sole shareholder. |
|
|
| 10 |
Other information |
|
|
Wrintis Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Ground Floor 2 Mariners House |
|
Copse Lane, Hamble |
|
Southampton |
|
Hampshire |
|
SO31 4QH |