Company registration number 10047574 (England and Wales)
WRIGHT AND CO. PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
WRIGHT AND CO. PROPERTIES LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
WRIGHT AND CO. PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Non-current assets
Investment properties
3
17,037,500
16,097,500
Investments
4
50
50
17,037,550
16,097,550
Current assets
Trade and other receivables
5
143,112
167,639
Cash and cash equivalents
57,745
124,477
200,857
292,116
Current liabilities
6
(728,929)
(639,410)
Net current liabilities
(528,072)
(347,294)
Total assets less current liabilities
16,509,478
15,750,256
Non-current liabilities
7
(10,443,515)
(9,793,515)
Provisions for liabilities
(712,000)
(694,000)
Net assets
5,353,963
5,262,741
Equity
Called up share capital
120,000
120,000
Share premium account
2,015,786
2,015,786
Retained earnings
8
3,218,177
3,126,955
Total equity
5,353,963
5,262,741
WRIGHT AND CO. PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 January 2026 and are signed on its behalf by:
J Wright
Director
Company registration number 10047574 (England and Wales)
WRIGHT AND CO. PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Wright and Co. Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 26 Partridge Flatt Road, Doncaster, England, DN4 6SD.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

These financial statements for the year ended 31 March 2025 are the first financial statements of Wright and Co. Properties Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 April 2023. An explanation of how transition to FRS 102 has affected the reported financial position and financial performance is given in note 10.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue represents rent receivable and excludes value added tax.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Non-current investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

WRIGHT AND CO. PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

WRIGHT AND CO. PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Investment properties
2025
as restated
£
Fair value
At 1 April 2024
16,097,500
Additions
868,844
Revaluations
71,156
At 31 March 2025
17,037,500

The investment properties were valued by the directors at 31 March 2025 on an open market basis by reference to market evidence of transaction prices of similar properties.

4
Fixed asset investments
2025
2024
£
£
Shares in subsidiary undertaking
50
50
WRIGHT AND CO. PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
5
Trade and other receivables
2025
2024
£
£
Amounts falling due within one year:
Trade receivables
43,289
66,586
Amounts owed by subsidiary undertakings
73,000
73,000
Other receivables
26,823
28,053
143,112
167,639
6
Current liabilities
2025
2024
£
£
Trade payables
5,220
697
Corporation tax
34,007
8,711
Other payables
689,702
630,002
728,929
639,410
7
Non-current liabilities
2025
2024
£
£
Other payables
10,443,515
9,793,515
8
Retained earnings
Non-
Distributable
distributable
Total
retained
retained
retained
earnings
earnings
earnings
£
£
£
At the beginning of the year
495,144
-
495,144
Effect of transition to FRS 102
-
0
2,631,811
2,631,811
Adjusted balance
495,144
2,631,811
3,126,955
Profit for the financial year
151,222
-
151,222
Transferred to non-distributable retained earnings
(53,156)
53,156
-
Dividends
(60,000)
-
(60,000)
At the end of the year
533,210
2,684,967
3,218,177
WRIGHT AND CO. PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
9
Related party disclosures

At the reporting date, the company owed £10,829,611 (2024 - £10,127,879) to Wright Ventures Finance Limited, a company with common directors and shareholders. During the year, interest amounting to £404,542 (2024 - £449,101) was payable in respect of this balance.

10
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 April
31 March
2023
2024
Notes
£
£
Equity as reported under previous UK GAAP
2,661,229
2,630,931
Adjustments arising from transition to FRS 102:
Fair vaue of investment properties
1
3,167,087
3,325,810
Deferred tax
2
(654,000)
(694,000)
Equity reported under FRS 102
5,174,316
5,262,741
Notes to reconciliations on adoption of FRS 102
1 - Fair value of investment properties

Investment properties held by the company were accounted for at their historic cost under FRS105. The directors have assessed the value of the properties held at 31 March 2023 and 31 March 2024 and an adjustment has been made to the fair value of these properties at the respective dates.

2 - Deferred taxation

The deferred taxation has arisen as a result of the recognition of investment properties at their fair value.

2025-03-31 2024-04-01 false false false 26 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity C Wright P Wright J Wright A Clish 10047574 2024-04-01 2025-03-31 10047574 2025-03-31 10047574 2024-03-31 10047574 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 10047574 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10047574 core:WithinOneYear 2025-03-31 10047574 core:WithinOneYear 2024-03-31 10047574 core:AfterOneYear 2025-03-31 10047574 core:AfterOneYear 2024-03-31 10047574 core:CurrentFinancialInstruments 2025-03-31 10047574 core:CurrentFinancialInstruments 2024-03-31 10047574 core:ShareCapital 2025-03-31 10047574 core:ShareCapital 2024-03-31 10047574 core:SharePremium 2025-03-31 10047574 core:SharePremium 2024-03-31 10047574 core:RetainedEarningsAccumulatedLosses 2025-03-31 10047574 core:RetainedEarningsAccumulatedLosses 2024-03-31 10047574 core:RetainedEarningsAccumulatedLosses core:IncreaseDecreaseDueToTransitionFromPreviousStandard 2023-03-31 10047574 bus:Director3 2024-04-01 2025-03-31 10047574 2023-04-01 2024-03-31 10047574 2024-03-31 10047574 core:Non-currentFinancialInstruments 2025-03-31 10047574 core:Non-currentFinancialInstruments 2024-03-31 10047574 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10047574 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10047574 bus:FRS102 2024-04-01 2025-03-31 10047574 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10047574 bus:Director1 2024-04-01 2025-03-31 10047574 bus:Director2 2024-04-01 2025-03-31 10047574 bus:Director4 2024-04-01 2025-03-31 10047574 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP