WANDEX DISTRIBUTORS(LONDON)LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 00404357 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WANDEX DISTRIBUTORS(LONDON)LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P A Arnold

Mrs G E Marks

Mrs D S Freedman

SECRETARY:

REGISTERED OFFICE:

222 Upper Richmond Road West

London

SW14 8AH

REGISTERED NUMBER:

00404357 (England and Wales)

ACCOUNTANTS:

K S Goring & Co Chartered Accountants

222 Upper Richmond Road West

London

SW14 8AH

FIXED ASSETS

Tangible assets

4

2

Investment property

5

1,700,000

1,700,002

CURRENT ASSETS

Debtors

6

2,282

996

Cash at bank

87,273

78,126

89,555

79,122

CREDITORS

Amounts falling due within one year

7

41,646

40,024

NET CURRENT ASSETS

47,909

39,098

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,747,911

1,739,100

CREDITORS

Amounts falling due after more than one
year

8

(20,886

)

(28,101

)

PROVISIONS FOR LIABILITIES

(322,651

)

(322,651

)

NET ASSETS

1,404,374

1,388,348

CAPITAL AND RESERVES

Called up share capital

300

Profit and loss - non distributable reserves

1,189,026

Retained earnings

215,048

199,022

SHAREHOLDERS' FUNDS

1,404,374

1,388,348

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th October 2025 and were signed on its behalf by:

Mrs G E Marks - Director

1.	STATUTORY INFORMATION

WANDEX DISTRIBUTORS(LONDON)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 represents rents receivable excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33.33% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

3,800

DEPRECIATION

At 1st April 2024

and 31st March 2025

3,798

NET BOOK VALUE

At 31st March 2025

2

At 31st March 2024

2

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

1,700,000

NET BOOK VALUE

At 31st March 2025

1,700,000

At 31st March 2024

1,700,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2021

1,021,440

Valuation in 2022

490,237

Cost

188,323

1,700,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

188,323

Investment properties were valued on open market basis on 31st March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

758

770

Other debtors

1,524

226

2,282

996

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

7,721

Taxation and social security

16,974

15,694

Other creditors

16,951

16,609

41,646

40,024

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

8,546

15,761

Other creditors

12,340

20,886

28,101

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £45,000 were paid to the directors .

At the year end, the company owed £7,165 (2024 £6,147) to Mrs G E Marks. Mrs G E Marks is a director and shareholder of the company. The loan is interest free and repayable upon demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors/shareholders.