WJ Asset Management Limited Filleted accounts for Companies House (small and micro)

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).