Registration number: 01627234

Wedgewood Property Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 5

Wedgewood Property Limited

Company Information

Directors

G M Rogers J Rogers

Company secretary

G M Rogers

Registered office

Unit 1 Mill Hill Industrial Estate Flower Lane London NW7 2HU

Auditor

Brebners Chartered Accountants & Statutory Auditor 130 Shaftesbury Avenue London W1D 5AR

Wedgewood Property Limited

Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	6	3,400,000	4,400,000
Current assets
Debtors	7	810,100	675,100
Creditors: Amounts falling due within one year	8	(119,118)	(115,868)
Net current assets		690,982	559,232
Total assets less current liabilities		4,090,982	4,959,232
Provisions for liabilities		(338,953)	(588,953)
Net assets		3,752,029	4,370,279
Capital and reserves
Called up share capital		100	100
Profit and loss account		3,751,929	4,370,179
Shareholders' funds		3,752,029	4,370,279

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Wedgewood Property Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 4 December 2025 and signed on its behalf by:
 

.........................................

G M Rogers

Director

Company registration number: 01627234

Wedgewood Property Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 Mill Hill Industrial Estate
Flower Lane
London
NW7 2HU

The principal activity of the company is that of property investment.

2	Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 4 December 2025 was Martin Widdowson, who signed for and on behalf of Brebners.

3	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 March 2025 had net assets of £3,752,029 at that date.

The company's investment property is occupied by a group company. The directors believe that the market value of the property has not been detrimentally affected by the economic uncertainty in the United Kingdom and that the group company will continue to meet its rental obligations.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rent receivable in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises rental income evenly over the period of the lease.

Wedgewood Property Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversing of the timing differences.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4	Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

5	Auditor's remuneration

	2025 £	2024 £
Audit of the financial statements	3,250	3,750

 

6	Investment properties

	2025 £
Fair Value
At 1 April 2024	4,400,000
Fair value adjustments	(1,000,000)
At 31 March 2025	3,400,000