REGISTERED NUMBER: 10215689 (England and Wales)

Financial Statements for the Year Ended 30 June 2025

for

Wrexcom Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G R Ziser (Nominee)

REGISTERED OFFICE:

1st Floor, 9 Hampstead West

224 Iverson Road

West Hampstead

London

NW6 2HL

REGISTERED NUMBER:

10215689 (England and Wales)

ACCOUNTANTS:

Newmans

Chartered Certified Accountants

DVS House

Suite 1, First Floor

4 Spring Villa Road

Edgware

Middlesex

HA8 7EB

FIXED ASSETS

Investment property

4

2,010,000

2,245,000

CURRENT ASSETS

Debtors

5

2,566

318,532

Cash at bank

3,863

5,316

6,429

323,848

CREDITORS

Amounts falling due within one year

6

704,102

1,051,746

NET CURRENT LIABILITIES

(697,673

)

(727,898

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,312,327

1,517,102

CREDITORS

Amounts falling due after more than one year

7

1,469,707

1,472,675

NET (LIABILITIES)/ASSETS

(157,380

)

44,427

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

8

(235,000

)

-

Retained earnings

8

77,619

44,426

SHAREHOLDERS' FUNDS

(157,380

)

44,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 December 2025 and were signed by:

G R Ziser (Nominee) - Director

1.	STATUTORY INFORMATION

Wrexcom 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

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 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

2,245,000

Revaluations

(235,000

)

At 30 June 2025

2,010,000

NET BOOK VALUE

At 30 June 2025

2,010,000

At 30 June 2024

2,245,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2024

(235,000

)

Cost

2,245,000

2,010,000

The investment property was valued on an existing use open market value basis by Colliers LLP, chartered surveyors on 24 October 2024. In the opinion of the director the market value of the property at the balance sheet date is represented by the net book value above.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

-

1,733

Amounts owed by group undertakings

-

306,357

Prepayments

2,566

10,442

2,566

318,532

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

3,157

16,371

Amounts owed to group undertakings

688,303

-

Amounts owed to associates

-

1,025,660

Tax

-

9,055

Other creditors

12,125

-

Accrued expenses

517

660

704,102

1,051,746

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans more 5 yr by instal

1,469,707

1,472,675

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,469,707

1,472,675

The bank loan is secured by a fixed and floating charge and negative pledge over the investment property..

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 July 2024

44,426

-

44,426

Profit for the year

33,193

33,193

Revaluation investment property

-

(235,000

)

(235,000

)

At 30 June 2025

77,619

(235,000

)

(157,381

)

9.	CONTINGENT LIABILITIES

The company is a party to a joint bank loan facility agreement with related companies. As part of this agreement, the company has provided its freehold property and other assets as security to the bank. As at 30 June 2025, the contingent liability arising from the sum due to related companies to the bank amounted to £34,326,571 (2024 - £34,364,271).

10.	GOING CONCERN

At the time of approving the financial statements,the director has reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. The ability to continue as a going concern is based on resources and funding provided by shareholders. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.