Company Registration No. 01666274 (England and Wales)
WISMALORD LIMITED
Unaudited accounts
for the year ended 31 December 2024
WISMALORD LIMITED
Unaudited accounts
Contents
WISMALORD LIMITED
Company Information
for the year ended 31 December 2024
Directors
Mrs R Samani
Mr A Samani
Ms M Samani
Company Number
01666274 (England and Wales)
Registered Office
6 THORNTON GROVE
PINNER
HA5 4HG
ENGLAND
Accountants
Kaushik Khiroya, AFA
LMK ACCOUNTING LTD
THE GATEHOUSE
GATEHOUSE WAY
AYLESBURY
HP19 8DB
WISMALORD LIMITED
Statement of financial position
as at 31 December 2024
Investment property
650,000
730,000
Investments
101,184
100,000
Cash at bank and in hand
99,278
79,650
Creditors: amounts falling due within one year
(16,695)
(18,773)
Net current assets
185,153
160,877
Total assets less current liabilities
835,153
890,877
Provisions for liabilities
Deferred tax
(91,070)
(111,071)
Net assets
744,083
779,806
Called up share capital
10,002
10,002
Revaluation reserve
497,435
557,434
Profit and loss account
236,646
212,370
Shareholders' funds
744,083
779,806
For the 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. 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 28 September 2025 and were signed on its behalf by
Mrs R Samani
Director
Company Registration No. 01666274
WISMALORD LIMITED
Notes to the Accounts
for the year ended 31 December 2024
WISMALORD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01666274. The registered office is 6 THORNTON GROVE, PINNER, HA5 4HG, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue, described as turnover, represents rents receivable excluding VAT. Turnover is recognised in accordance with the due dates under the terms of the lease agreement.
Investment property is included at market fair value as estimated by the directors. 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.
Investments in shares are included at fair value.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
- 25% on reducing balance
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.
Cash and cash equivalents
Cash and cash equivalents are basic fnancial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
WISMALORD LIMITED
Notes to the Accounts
for the year ended 31 December 2024
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11.
Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are recognised at amortised cost.
Advanced financial instruments which include interest rate swaps and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
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Tangible fixed assets
Fixtures & fittings
Fair value at 1 January 2024
730,000
Net loss from fair value adjustments
(80,000)
At 31 December 2024
650,000
Amounts falling due after more than one year
Accrued income and prepayments
1,386
-
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Investments held as current assets
2024
2023
Listed investments
101,184
100,000
8
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
6,094
8,094
Taxes and social security
5,596
5,600
Loans from directors
3,380
3,828
WISMALORD LIMITED
Notes to the Accounts
for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).