Registration number: 02192113

Wrencon Developments Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Wrencon Developments Limited

(Registration number: 02192113)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	17,286	21,608
Investment property	5	270,000	270,000
		287,286	291,608
Current assets
Debtors	6	1,204	1,654
Cash at bank and in hand		22,899	14,490
		24,103	16,144
Creditors: Amounts falling due within one year	7	(269,212)	(284,633)
Net current liabilities		(245,109)	(268,489)
Total assets less current liabilities		42,177	23,119
Provisions for liabilities		(4,321)	(7,110)
Net assets		37,856	16,009
Capital and reserves
Called up share capital		100	100
Retained earnings		37,756	15,909
Shareholders' funds		37,856	16,009

Wrencon Developments Limited

(Registration number: 02192113)
Balance Sheet as at 30 April 2025

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 January 2026
 

Mr J Elsmore Director

Wrencon Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Allerford Farm Barns
Norton Fitzwarren
Taunton
Somerset
TA4 1AL

These financial statements were authorised for issue by the director on 5 January 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The director has considered the company's financial position and future trading prospects and concluded that it is appropriate to prepare these accounts on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rent of property and other assets in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Wrencon Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined periodically by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Wrencon Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2024 - 1).

4	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	41,895	41,895
At 30 April 2025	41,895	41,895
Depreciation
At 1 May 2024	20,287	20,287
Charge for the year	4,322	4,322
At 30 April 2025	24,609	24,609
Carrying amount
At 30 April 2025	17,286	17,286
At 30 April 2024	21,608	21,608

Wrencon Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5	Investment properties

	£
At 1 May 2024	270,000
At 30 April 2025	270,000

The property was valued by Greenslade Taylor Hunt on 15 October 2020 at £270,000, the Director
considers the property was of this value on 30 April 2025.

6

Debtors

	2025 £	2024 £
Other debtors	-	345
Prepayments	1,204	1,309
	1,204	1,654

7

Creditors

Due within one year	Note	2025 £	2024 £
Trade creditors		1,120	1,470
Amounts due to related parties	8	253,672	271,163
Social security and other taxes		430	-
Other creditors		1,840	-
Accruals		12,150	12,000
		269,212	284,633