Company registration number 03369861 (England and Wales)
WONDER INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 MAY 2024
PAGES FOR FILING WITH REGISTRAR
WONDER INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
WONDER INVESTMENTS LIMITED
BALANCE SHEET
AS AT
23 MAY 2024
23 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
-
0
11,331
Investment properties
6
13,105,516
13,655,516
Investments
7
1,063,383
-
0
14,168,899
13,666,847
Current assets
Debtors
8
5,456,604
5,761,723
Cash at bank and in hand
220,943
69,726
5,677,547
5,831,449
Creditors: amounts falling due within one year
9
(2,021,149)
(1,196,780)
Net current assets
3,656,398
4,634,669
Total assets less current liabilities
17,825,297
18,301,516
Creditors: amounts falling due after more than one year
10
(4,342,450)
(4,907,317)
Provisions for liabilities
(1,632,736)
(1,632,736)
Net assets
11,850,111
11,761,463
Capital and reserves
Called up share capital
2
2
Other reserves
7,638,208
7,638,208
Profit and loss reserves
4,211,901
4,123,253
Total equity
11,850,111
11,761,463

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 23 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 30 October 2025
Mr Sanjay Nandwani
Director
Company Registration No. 03369861
WONDER INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 MAY 2024
- 2 -
1
Accounting policies
Company information

Wonder Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 14 David Mews, London, W1U 6EQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover
Turnover is the total amount of rent and rent collection fees receivable by the company for services provided in the year. Rental income from operating leases is recognised on a straight line basis over the period of the lease. Rent collection fees are one-off charges for services provided.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% per annum straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

WONDER INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 23 MAY 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and other short-term liquid investments with original maturities of three months or less.

WONDER INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 23 MAY 2024
1
Accounting policies
(Continued)
- 4 -
1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax is provided in respect of all timing differences that have originated, but not reversed, at the balance sheet date that may give rise to any obligation to pay more or less tax in the future. A deferred tax asset is recognised when its recoverability is considered to be reasonably certain. Deferred tax is measured on a non-discounted basis at the tax rates which apply at the balance sheet date. No provision is made for tax liabilities on unrealised revaluation gains at the balance sheet date as it is not intended to sell the properties to which the revaluation relates.
WONDER INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 23 MAY 2024
1
Accounting policies
(Continued)
- 5 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover

An analysis of the company's turnover is as follows:

2024
2023
£
£
Turnover analysed by class of business
Rental income
673,977
624,903
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
5
WONDER INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 23 MAY 2024
- 6 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 24 May 2023 and 23 May 2024
112,549
Depreciation and impairment
At 24 May 2023
101,218
Depreciation charged in the year
11,331
At 23 May 2024
112,549
Carrying amount
At 23 May 2024
-
0
At 23 May 2023
11,331
6
Investment property
2024
£
Fair value
At 24 May 2023 and 23 May 2024
13,105,516

The fair value of the investment property has been arrived at on the basis of a valuation carried out at the balance sheet date by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

There are fixed and floating charges over the investment properties.

7
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,063,383
-
0
WONDER INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 23 MAY 2024
7
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 24 May 2023
-
Additions
1,063,383
At 23 May 2024
1,063,383
Carrying amount
At 23 May 2024
1,063,383
At 23 May 2023
-
8
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,417
64,062
Amounts due from group undertakings
4,298,976
3,381,396
Other debtors
1,155,211
2,316,265
5,456,604
5,761,723
9
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,418
-
0
Amounts due to connected companies
572,596
602,055
Corporation tax
117,200
96,105
Other taxation and social security
15,507
11,875
Other creditors
1,311,428
486,745
2,021,149
1,196,780

The bank borrowings are secured by fixed and floating charge s over the assets of the company.

10
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,342,450
4,907,317

The bank borrowings are secured by fixed and floating charge s over the assets of the company.

WONDER INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 23 MAY 2024
- 8 -
11
Related party transactions

Included in other debtors at the year-end are the following amounts due from group undertakings:

- £981,752 (20 23: £9 81,712) due from Savvy Properties Limited (fellow subsidiary).

Also included in other debtors at the year-end are the following amounts due from companies in which S Nandwani is a director:

- £1,256,590 (20 23: £1,189,524) due from Epsom Estates Limited.

- £162,313 (20 23: £162,273) due from London Home Counties Limited.

- £85,216 (2023; £84,714) due from Emporium Estates Ltd.

- £1,003,213 (2023: £963,173) due from Wonder Wembley Ltd (previously known as Wembley Estates London Limited.)

- £809,892 (2023: £Nil) due from Wonder Estates Limited.

Included in other creditors at the year-end are the following amount s due to companies in which S Nandwani is a director:

- £572,596 (2023: £602,055) due to Evergreen Estates Limited.

- £1,271,704 (2023: £442,564) due to Eme Estates Limited

All of t he above loan s are interest free with no terms of repayment.

12
Directors' transactions

Included in other debtors at the year end is £1,155,211 (2023: £2,316,265) due from the director, S Nandwani. There are no terms of repayment or interest in respect of this balance.

13
Parent company

The parent company of Wonder Investments Limited is Wonder Estates Group Limited and its registered office is 14 David Mews, London, W1U 6EQ.

2024-05-23 2023-05-24 false false false 30 October 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity Mr Sanjay Nandwani 03369861 2023-05-24 2024-05-23 03369861 2024-05-23 03369861 2023-05-23 03369861 core:OtherPropertyPlantEquipment 2024-05-23 03369861 core:OtherPropertyPlantEquipment 2023-05-23 03369861 core:CurrentFinancialInstruments 2024-05-23 03369861 core:CurrentFinancialInstruments 2023-05-23 03369861 core:Non-currentFinancialInstruments 2024-05-23 03369861 core:Non-currentFinancialInstruments 2023-05-23 03369861 core:ShareCapital 2024-05-23 03369861 core:ShareCapital 2023-05-23 03369861 core:OtherMiscellaneousReserve 2024-05-23 03369861 core:OtherMiscellaneousReserve 2023-05-23 03369861 core:RetainedEarningsAccumulatedLosses 2024-05-23 03369861 core:RetainedEarningsAccumulatedLosses 2023-05-23 03369861 bus:Director1 2023-05-24 2024-05-23 03369861 core:FurnitureFittings 2023-05-24 2024-05-23 03369861 2022-05-24 2023-05-23 03369861 core:OtherPropertyPlantEquipment 2023-05-23 03369861 core:OtherPropertyPlantEquipment 2023-05-24 2024-05-23 03369861 2023-05-23 03369861 bus:PrivateLimitedCompanyLtd 2023-05-24 2024-05-23 03369861 bus:SmallCompaniesRegimeForAccounts 2023-05-24 2024-05-23 03369861 bus:FRS102 2023-05-24 2024-05-23 03369861 bus:AuditExemptWithAccountantsReport 2023-05-24 2024-05-23 03369861 bus:FullAccounts 2023-05-24 2024-05-23 xbrli:pure xbrli:shares iso4217:GBP