BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period The principal Activity of the company is that of letting and operating own or leased real estate. 23 December 2025 1 1 07053704 2025-03-31 07053704 2024-03-31 07053704 2023-03-31 07053704 2024-04-01 2025-03-31 07053704 2023-04-01 2024-03-31 07053704 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07053704 uk-curr:PoundSterling 2024-04-01 2025-03-31 07053704 uk-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07053704 uk-bus:FullAccounts 2024-04-01 2025-03-31 07053704 uk-bus:Director1 2024-04-01 2025-03-31 07053704 uk-bus:RegisteredOffice 2024-04-01 2025-03-31 07053704 uk-bus:Agent1 2024-04-01 2025-03-31 07053704 uk-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07053704 uk-core:ShareCapital 2025-03-31 07053704 uk-core:ShareCapital 2024-03-31 07053704 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 07053704 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 07053704 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 07053704 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 07053704 uk-bus:FRS102 2024-04-01 2025-03-31 07053704 uk-core:CostValuation 2024-03-31 07053704 uk-core:AdditionsToInvestments 2024-03-31 07053704 uk-core:AdditionsToInvestments 2025-03-31 07053704 uk-core:CostValuation 2025-03-31 07053704 uk-core:WithinOneYear 2025-03-31 07053704 uk-core:WithinOneYear 2024-03-31 07053704 uk-core:AfterOneYear 2025-03-31 07053704 uk-core:AfterOneYear 2024-03-31 07053704 uk-core:MoreThanFiveYears 2025-03-31 07053704 uk-core:MoreThanFiveYears 2024-03-31 07053704 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
WMF Property Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2025
WMF Property Limited
DIRECTOR AND OTHER INFORMATION

 
Director William Flowerday
 
 
Company Registration Number 07053704
 
 
Registered Office and Business Address 483 Green Lanes
London
N13 4BS
England
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
 
Bankers Metro Bank PLC
  1 Southampton Row
  London
  WC1B 5HA
  United Kingdom



WMF Property Limited

CHARTERED ACCOUNTANTS REPORT
to the Director on the Compilation of the unaudited financial statements of WMF Property Limited
for the financial year ended 31 March 2025
 
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 March 2025 as set out on pages  to  which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of WMF Property Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 31 March 2025 your duty to ensure that WMF Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of WMF Property Limited. You consider that WMF Property Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of WMF Property Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
23 December 2025



WMF Property Limited
Company Registration Number: 07053704
STATEMENT OF FINANCIAL POSITION
as at 31 March 2025

2025 2024
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 431,043 431,043
Financial assets 5 6,700,115 6,612,296
───────── ─────────
Non-Current Assets 7,131,158 7,043,339
───────── ─────────
 
Current Assets
Receivables 6 1,099,375 221,000
Cash and cash equivalents 4,051 4,170
───────── ─────────
1,103,426 225,170
───────── ─────────
Payables: amounts falling due within one year 7 (986,409) (120,303)
───────── ─────────
Net Current Assets 117,017 104,867
───────── ─────────
Total Assets less Current Liabilities 7,248,175 7,148,206
 
Payables:
amounts falling due after more than one year 8 (6,299,117) (6,339,117)
───────── ─────────
Net Assets 949,058 809,089
═════════ ═════════
 
Equity
Called up share capital 1 1
Retained earnings 949,057 809,088
───────── ─────────
Equity attributable to owners of the company 949,058 809,089
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 23 December 2025
           
           
________________________________          
William Flowerday          
Director          
           



WMF Property Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025

   
1. General Information
 
WMF Property Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 07053704. The registered office of the company is 483 Green Lanes, London, N13 4BS, England which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Investment properties

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business.

Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.

For this year, the client confirmed there was no material change in market value as it was only purchased throughout this financial period.

 
Financial assets
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the financial year in which it is receivable.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).
 
  2025 2024
  Number Number
 
Director 1 1
  ═════════ ═════════
       
4. Property, plant and equipment
  Investment Total
  properties  
     
  £ £
Cost
At 1 April 2024 431,043 431,043
  ───────── ─────────
 
At 31 March 2025 431,043 431,043
  ───────── ─────────
Depreciation
At 1 April 2024 - -
  ───────── ─────────
At 31 March 2025 - -
  ───────── ─────────
Carrying amount
At 31 March 2025 431,043 431,043
  ═════════ ═════════
At 31 March 2024 431,043 431,043
  ═════════ ═════════
       
5. Financial fixed assets
  Other Total
  investments  
     
Investments £ £
Cost
At 1 April 2024 6,612,296 6,612,296
Additions 87,819 87,819
  ───────── ─────────
At 31 March 2025 6,700,115 6,700,115
  ───────── ─────────
Carrying amount
At 31 March 2025 6,700,115 6,700,115
  ═════════ ═════════
At 31 March 2024 6,612,296 6,612,296
  ═════════ ═════════
       
6. Receivables 2025 2024
  £ £
 
Amounts owed by connected parties (Note 12) 1,099,375 221,000
  ═════════ ═════════
       
7. Payables 2025 2024
Amounts falling due within one year £ £
 
Trade payables 48,000 49,880
Amounts owed to connected parties (Note 12) 871,702 36,549
Taxation  (Note 9) 45,163 24,841
Director's current account 18,844 6,333
Accruals 2,700 2,700
  ───────── ─────────
  986,409 120,303
  ═════════ ═════════
       
8. Payables 2025 2024
Amounts falling due after more than one year £ £
 
Bank loan 6,299,117 6,339,117
  ═════════ ═════════
 
Loans
Repayable in five years or more 6,299,117 6,339,117
  ═════════ ═════════
 
       
9. Taxation 2025 2024
  £ £
 
Payables:
Corporation tax 45,163 24,841
  ═════════ ═════════
       
10. Details of creditors
 
Security given in respect of creditors

WMF Property Limited currently has an outstanding charge which was created on 3rd November 2016. The charge is held in relation to a loan provided by Metro Bank PLC. This charge contains a fixed charge, floating charge and negative pledge over the leasehold property known as 32 Willis House.

WMF Property Limited currently has an outstanding charge which was created on 22nd December 2021. The charge is held in relation to a loan provided by Paragon Bank PLC. This charge contains a fixed charge and negative pledge over the leasehold property known as 40 Capstan Square.

WMF Property Limited currently has an outstanding charge which was created on 19th August 2022. The charge is held in relation to a loan provided by The Mortgage Lender Limited. This charge contains a fixed charge and negative pledge over the leasehold property known as 76 Stebondale Street.

       
11. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2025.
           
12. Related party transactions
  Balance Movement Balance Maximum
  2025 in year 2024 in year
  £ £ £ £
 
East Village Apartments Limited 1,099,375 878,375 221,000 1,099,375
  ───────── ───────── ───────── ═════════
 
The following amounts are due to other connected parties:
      2025 2024
      £ £
 
Aboding Limited     856,702 36,549
Aboding Co Living Limited     15,000 -
      ───────── ─────────
      871,702 36,549
      ═════════ ═════════
 
Net balances with other connected parties:
      2025 2024
      £ £
 
Aboding Limited     (856,702) (36,549)
East Village Apartments Limited     1,099,375 221,000
Aboding Co Living Limited     (15,000) -
      ───────── ─────────
      227,673 184,451
      ═════════ ═════════
 

Aboding Limited

Will Flowerday is a director in both Aboding Limited and WMF Property Limited. As at 31 March 2024 WMF Property Limited owed Aboding Limited a balance of £36,549. During the year there was movement of £820,153. As at 31 March 2025 WMF Property Limited owed Aboding Limited a balance of £856,702.

East Village Apartments Limited

Will Flowerday is a director in both East Village Apartments Limited and WMF Property Limited. As at 31 March 2024 East Village Apartments Limited owed WMF Property Limited a balance of £221,000. During the year there was movement of £878,375. As at 31 March 2025 East Village Apartments Limited owed WMF Property Limited £1,099,375 including £53,569 interest charged by WMF Property Ltd during the financial year.

Aboding Co Living Limited

Will Flowerday is a director in both Aboding Co Living Limited and WMF Property Limited. As at 31 March 2024 WMF Property Limited owed Aboding Co Living Limited a balance of £Nil. During the year there was movement of £15,000. As at 31 March 2025 WMF Property Limited owed Aboding Co Living Limited a balance of £15,000.

Aboding Investments LLP

As at 31 March 2024, WMF Property Limited held an investment, by way of capital account, of £6,612,296 in Aboding Investments LLP. During the financial year WMF Property Limited received a profit share of £364,444.01, with overall movement of £87,819. As at 31 March 2025, WMF Property Ltd held an investment, by way of capital account, of £6,700,115 in Aboding Investments LLP.
   
13. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.