Wick Property & Lettings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12269908 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Wick Property & Lettings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Shean

Mr M Lowther-Harris

Mrs G Lowther-Harris

Mrs T McGowan

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

REGISTERED NUMBER:

12269908 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

2,739

4,063

Investment property

5

5,189,100

5,191,839

5,193,163

CURRENT ASSETS

Cash at bank

13,895

10,925

CREDITORS

Amounts falling due within one year

6

31,353

62,972

NET CURRENT LIABILITIES

(17,458

)

(52,047

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,174,381

5,141,116

CREDITORS

Amounts falling due after more than one year

7

(1,952,772

)

(1,936,639

)

PROVISIONS FOR LIABILITIES

(520

)

(1,016

)

NET ASSETS

3,221,089

3,203,461

CAPITAL AND RESERVES

Called up share capital

9

150,000

Share premium

10

2,999,823

Retained earnings

10

71,266

53,638

SHAREHOLDERS' FUNDS

3,221,089

3,203,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22nd December 2025 and were signed on its behalf by:

Mr M Lowther-Harris - Director

1.	STATUTORY INFORMATION

Wick Property & Lettings 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

33.33% on reducing balance

Computer equipment

-

25% on reducing balance

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1st April 2024

and 31st March 2025

17,260

1,165

18,425

DEPRECIATION

At 1st April 2024

13,566

796

14,362

Charge for year

1,231

93

1,324

At 31st March 2025

14,797

889

15,686

NET BOOK VALUE

At 31st March 2025

2,463

276

2,739

At 31st March 2024

3,694

369

4,063

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

5,189,100

NET BOOK VALUE

At 31st March 2025

5,189,100

At 31st March 2024

5,189,100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

-

25,015

Trade creditors

4,963

3,513

Tax

12,833

12,012

Social security and other taxes

1,064

711

Other creditors

6,359

16,167

Directors' current accounts

3,092

2,656

Accruals

3,042

2,898

31,353

62,972

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

-

2,930

Bank loans more 5 yrs non-inst

1,952,772

1,933,709

1,952,772

1,936,639

31.3.25

31.3.24

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,952,772

1,933,709

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

1,952,772

1,961,654

9.	CALLED UP SHARE CAPITAL

All shares below are allotted, issued and fully paid:

- 30,000 Ordinary A shares, nominal value of £1 each

- 30,000 Ordinary B shares, nominal value of £1 each

- 15,000 Ordinary C shares, nominal value of £1 each

- 15,000 Ordinary D shares, nominal value of £1 each

- 60,000 Ordinary E shares, nominal value of £1 each

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1st April 2024

53,638

2,999,823

3,053,461

Profit for the year

23,128

Dividends

(5,500

)

(5,500

)

At 31st March 2025

71,266

2,999,823

3,071,089