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Registration number: 14807004

WAG Property Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

WAG Property Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 4

WAG Property Limited

(Registration number: 14807004)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 703,904 | 316,433
Investment property | 5 | 540,000 | 575,000
|  | 1,243,904 | 891,433
Creditors: Amounts falling due within one year | 6 | (1,265,479) | (980,410)
Net liabilities |  | (21,575) | (88,977)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (21,675) | (89,077)
Shareholders' deficit |  | (21,575) | (88,977)

For the financial year ending 31 March 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 22 December 2025

......................................... Mr W A Goodwin Director |  |

WAG Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Minffordd Marian
Trelawnyd
Rhyl
LL18 6EB
Wales

These financial statements were authorised for issue by the director on 22 December 2025.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually 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.

Investment property, which is a property held to earn rentals and/or for capital appreciation, is initially recognised at cost. Subsequently it is measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in the profit and loss account.

WAG Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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

| Land and buildings £ | Total £
Cost or valuation
At 1 April 2024 | 318,073 | 318,073
Additions | 620,750 | 620,750
Disposals | (233,953) | (233,953)
At 31 March 2025 | 704,870 | 704,870
Depreciation
At 1 April 2024 | 1,640 | 1,640
Charge for the year | 1,791 | 1,791
Eliminated on disposal | (2,465) | (2,465)
At 31 March 2025 | 966 | 966
Carrying amount
At 31 March 2025 | 703,904 | 703,904
At 31 March 2024 | 316,433 | 316,433

Included within the net book value of land and buildings above is £703,904 (2024 - £316,433) in respect of freehold land and buildings.

WAG Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Investment properties

| 2025 £
At 1 April | 575,000
Fair value adjustments | (35,000)
At 31 March | 540,000

At the year end the director has valued the property on an open market basis. There has been no valuation of the investment property by an independent valuer.

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 1,308 | -
Amounts owed to group undertakings |  | 1,263,008 | 979,410
Accruals and deferred income |  | 1,163 | 1,000
|  | 1,265,479 | 980,410