REGISTERED NUMBER: 11483232 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

WYL PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Briggs

Mrs H Briggs

REGISTERED OFFICE:

51 Portal Crescent

Mirfield

West Yorkshire

WF14 0JJ

REGISTERED NUMBER:

11483232 (England and Wales)

ACCOUNTANTS:

Rawse, Varley & Co

Chartered Accountants

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

FIXED ASSETS

Investment properties

4

275,000

275,000

CURRENT ASSETS

Cash at bank

19,322

10,343

CREDITORS

Amounts falling due within one year

5

1,008

960

NET CURRENT ASSETS

18,314

9,383

TOTAL ASSETS LESS CURRENT LIABILITIES

293,314

284,383

PROVISIONS FOR LIABILITIES

14,410

12,238

NET ASSETS

278,904

272,145

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

278,902

272,143

SHAREHOLDERS' FUNDS

278,904

272,145

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 6 January 2026 and were signed on its behalf by:

M J Briggs - Director

1.	STATUTORY INFORMATION

WYL Properties 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for the modification to a fair value basis for investment property as explained below.

Turnover

Turnover represents rental income receivable, excluding Value Added Tax.

Investment properties

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.

Pension costs and other post-retirement benefits

Pension contributions payable to the personal pension schemes of certain directors are charged to profit and loss account when incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTIES

Total

£

FAIR VALUE

At 1 August 2024

and 31 July 2025

275,000

NET BOOK VALUE

At 31 July 2025

275,000

At 31 July 2024

275,000

Investment properties are valued by the directors on an open market basis as at 31 July 2025. If investment properties had not been revalued they would be included at cost of £191,670 (2024 - £191,670).

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accruals

1,008

960

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

7.

RESERVES

Retained

earnings

£

At 1 August 2024

272,143

Profit for the year

9,259

Dividends

(2,500

)

At 31 July 2025

278,902

Retained earnings include £67,497 (2024 - £67,497) arising from the re-statement of investment properties to fair value, net of attributable deferred tax, which is non-distributable.