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COMPANY REGISTRATION NUMBER: 14788359

WJ Asset Management Limited

Filleted Unaudited Financial Statements

Year ended

30 April 2025

WJ Asset Management Limited

Financial Statements

Year ended 30 April 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

WJ Asset Management Limited

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 338,015 |  | 145,712

Current assets

Debtors | 5 | 1,225 |  | 725 |
Cash at bank and in hand | 411 |  | 6,618 |
| ------- |  | ------- |
| 1,636 |  | 7,343 |

Creditors: amounts falling due within one year | 6 | 320,502 |  | 146,005 |
| ---------- |  | ---------- |
Net current liabilities |  | 318,866 |  | 138,662
|  | ---------- |  | ----------
Total assets less current liabilities |  | 19,149 |  | 7,050
|  | -------- |  | -------

Capital and reserves

Called up share capital |  | 100 |  | 100
Profit and loss account |  | 19,049 |  | 6,950
|  | -------- |  | -------
Shareholders funds |  | 19,149 |  | 7,050
|  | -------- |  | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

WJ Asset Management Limited

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

H L Walker |
Director |

Company registration number: 14788359

WJ Asset Management Limited

Notes to the Financial Statements

Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 196 High Street, Hook, Goole, DN14 5PL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the director has considered the effect of these matters on the company with the information available to it and does not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the director has prepared these financial statements on a going concern basis.
Revenue recognition
Turnover compromises revenue recognised by the company in respect of property management and rental income receivable.
Revenue from rents receivable is recognised in accordance with the terms of the relevant lease agreement.
Current & deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Investment properties
Investment properties are initially recorded at cost, which included purchase price and any directly attributable expenditure.
Investment properties are revalued at their fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual agreement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Employee numbers
The average number of persons employed by the company during the year amounted to 1.
4. Tangible assets

| Freehold property
| £
Cost |
At 1 May 2024 | 145,712
Additions | 192,303
| ----------
At 30 April 2025 | 338,015
| ----------
Depreciation |
At 1 May 2024 and 30 April 2025 | –
| ----------
Carrying amount |
At 30 April 2025 | 338,015
| ----------
At 30 April 2024 | 145,712
| ----------

5. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 1,225 | 725
| ------- | ----

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 1,855 | 1,325
Corporation tax | 2,838 | 1,630
Other creditors | 315,809 | 143,050
| ---------- | ----------
| 320,502 | 146,005
| ---------- | ----------

7. Related party transactions
The director had a loan account with the company during the period. The balance owing to the director on 30 April 2025 was £ 315,809 (30 April 2024: £143,050).