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Company Registration No. 11756343 (England and Wales)
Wagle Property Ltd Unaudited accounts for the year ended 31 January 2025
Wagle Property Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Wagle Property Ltd Company Information for the year ended 31 January 2025
Director
U R Wagle
Company Number
11756343 (England and Wales)
Registered Office
C/O O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
Accountants
O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
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Wagle Property Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,373
1,373
Investment property
5
385,000
385,000
386,373
386,373
Current assets
Cash at bank and in hand
8,795
9,102
Net current assets
8,795
9,102
Total assets less current liabilities
395,168
395,475
Creditors: amounts falling due after more than one year
6
(364,072)
(363,377)
Net assets
31,096
32,098
Capital and reserves
Called up share capital
100
100
Revaluation reserve
89,533
89,533
Profit and loss account
(58,537)
(57,535)
Shareholders' funds
31,096
32,098
For the year ending 31 January 2025 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 director acknowledges his 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 and authorised for issue on 15 October 2025 and were signed on its behalf by
U R Wagle Director Company Registration No. 11756343
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Wagle Property Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Wagle Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11756343. The registered office is C/O O'Meara Fitzmaurice & Co, Brimstage Hall, Brimstage Road, Wirral, CH63 6JA.
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.
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
20% on reducing balance
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 February 2024
3,350
At 31 January 2025
3,350
Depreciation
At 1 February 2024
1,977
At 31 January 2025
1,977
Net book value
At 31 January 2025
1,373
At 31 January 2024
1,373
5
Investment property
2025
£
Fair value at 1 February 2024
385,000
At 31 January 2025
385,000
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Wagle Property Ltd Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
364,072
363,377
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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