Company No: 13554733 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,671,667		1,694,333
		1,671,667		1,694,333
Current assets
Debtors	4	144,215		28,422
		144,215		28,422
Creditors: amounts falling due within one year	5	( 1,731,126)		( 1,704,211)
Net current liabilities		(1,586,911)		(1,675,789)
Total assets less current liabilities		84,756		18,544
Net assets		84,756		18,544
Capital and reserves
Called-up share capital	6	1		1
Profit and loss account		84,755		18,543
Total shareholder's funds		84,756		18,544

For the financial year ending 31 May 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Wing Properties Limited (registered number: 13554733) were approved and authorised for issue by the Director on 13 December 2025. They were signed on its behalf by:

Mr R D Clifford-Wing Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wing Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Revenue from letting of property is recognised in accordance with the terms of the underlying lease.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

The company's land and buildings are let to a group company. The director has elected to account for land and buildings applying the cost model as permitted by FRS102.

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings

50 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 June 2024	1,700,000		1,700,000
At 31 May 2025	1,700,000		1,700,000
Accumulated depreciation
At 01 June 2024	5,667		5,667
Charge for the financial year	22,666		22,666
At 31 May 2025	28,333		28,333
Net book value
At 31 May 2025	1,671,667		1,671,667
At 31 May 2024	1,694,333		1,694,333

4. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	143,693		0
Amounts owed by Parent undertakings	1		1
Other debtors	521		28,421
	144,215		28,422

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	1,700,000		1,700,000
Taxation and social security	29,626		3,211
Other creditors	1,500		1,000
	1,731,126		1,704,211

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

7. Ultimate controlling party

Parent Company:

Cortez Holdings Limited

Lowin House, Tregolls Road, Truro, TR1 2NA