Company registration number: 13304501
Unaudited financial statements
for the year ended 31 March 2025
for
Wf Property Ltd
Pages for filing with the Registrar
Company registration number: 13304501
Wf Property Ltd
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 46,599 7,823
Investments 5 7,639 -
Investment property 6 445,000 227,103
499,238 234,926
Current assets
Debtors 6,863 -
Cash at bank and in hand 18,566 296
25,429 296
Creditors: amounts falling due within one
year 		(148,796) (240,202)
Net current liabilities (123,367) (239,906)
Total assets less current liabilities 375,871 (4,980)
Creditors: Amounts falling due after more
than one year 		7 (328,246) -
NET ASSETS/(LIABILITIES) 47,625 (4,980)
Capital and reserves
Called up share capital 2 2
Revaluation reserve 68,357 -
Profit and loss account (20,734) (4,982)
TOTAL EQUITY 47,625 (4,980)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 13304501
Wf Property Ltd
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 31 December 2025 and signed on its behalf by:
Mr A Farrahi, Director
31 December 2025
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Wf Property Ltd
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Wf Property Ltd is a private company registered in England and Wales. Its registered number is 13304501. The company is limited by shares. Its registered office is 7 Hillview, Sunderland, SR3 3TL.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Improvements to property - 10% straight line
Fixtures & Fittings - 20% straight line
Computer Equipment - 33.33% straight line
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
3 Average number of employees
During the year the average number of employees was Nil (2024 - Nil).
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Wf Property Ltd
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 7,823
Additions 47,743
At 31 March 2025 55,566
Depreciation
Charge for year 8,967
At 31 March 2025 8,967
Net book value
At 31 March 2025 46,599
At 31 March 2024 7,823
Cost or valuation at 31 March 2025 is represented by:
Plant and
machinery
etc.
£
Valuation in 2025 -
Valuation in 2024 -
Cost 55,566
55,566
If Investment Property had not been revalued, it would have been included at the following historical cost:
2025 2024
£ £
Cost 376,643 227,103
Accumulated depreciation - -
Valuations of 3 investment properties were undertaken in the financial year.
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Wf Property Ltd
Notes to the financial statements - continued
for the year ended 31 March 2025
5 Fixed asset investments
Investments other than loans
Other
investments
other than
loans
£
Cost
Additions 7,639
At 31 March 2025 7,639
Net book value
At 31 March 2025 7,639
At 31 March 2024 -
6 Investment property
£
Valuation
At 1 April 2024 227,103
Additions 149,540
Revaluations 68,357
At 31 March 2025 445,000
7 Creditors: amounts falling due after more than five years
2025 2024
£ £
Repayable otherwise than by instalments
Bank loans 328,246 -
8 Secured debts
Secured Loans have been taken in the form of interest-only mortgages against 3 investment properties, totalling £328,246 in the year.
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