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Company No: 08907297 (England and Wales)

# WJT ESTATES LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH THE REGISTRAR

WJT ESTATES LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

Contents

WJT ESTATES LTD

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
WJT ESTATES LTD

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

DIRECTORS | Damian James Thomas
| Philip John Thomas

REGISTERED OFFICE | Eagle House
| 28 Billing Road
| Northampton
| NN1 5AJ
| United Kingdom

COMPANY NUMBER | 08907297 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Eagle House
| 28 Billing Road
| Northampton
| NN1 5AJ

WJT ESTATES LTD

## BALANCE SHEET

AS AT 31 MAY 2025
WJT ESTATES LTD

## BALANCE SHEET (continued)

AS AT 31 MAY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 4 | 300,000 |  | 300,000
|  | 300,000 |  | 300,000
Current assets |  |  |  |
Debtors | 5 | 1,260 |  | 0
Cash at bank and in hand |  | 906 |  | 1,945
|  | 2,166 |  | 1,945
Creditors: amounts falling due within one year | 6 | ( 71,817) |  | ( 67,113)
Net current liabilities |  | (69,651) |  | (65,168)
Total assets less current liabilities |  | 230,349 |  | 234,832
Creditors: amounts falling due after more than one year | 7 | ( 56,728) |  | ( 64,155)
Provision for liabilities |  | ( 19,195) |  | ( 19,195)
Net assets |  | 154,426 |  | 151,482
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Fair value reserve |  | 88,030 |  | 88,030
Profit and loss account |  | 66,296 |  | 63,352
Total shareholders' funds |  | 154,426 |  | 151,482

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.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year 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; 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 Profit and Loss Account has not been delivered.

The financial statements of WJT Estates Ltd (registered number: 08907297) were approved and authorised for issue by the Board of Directors on 17 February 2026. They were signed on its behalf by:

Philip John Thomas Director |

WJT ESTATES LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
WJT ESTATES LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

##### 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

WJT Estates Ltd (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 Eagle House, 28 Billing Road, Northampton, NN1 5AJ, 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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
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.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.
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 entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

#### 2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 June 2024 | 300,000
As at 31 May 2025 | 300,000

Historic cost

If investment properties had not bee revalued it would have been included at the following historical cost:

| 2025 |  | 2024
| £ |  | £
Cost | 192,775 |  | 192,775

Investment property was valued on an open market basis on 4 November 2023 by the director. Having regard to the market at 31 May 2025, the directors consider the valuation of the property to be £300,000.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Accrued income | 1,260 |  | 0

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 12,051 |  | 12,051
Accruals | 1,620 |  | 1,512
Corporation tax | 1,422 |  | 1,046
Other creditors | 56,724 |  | 52,504
| 71,817 |  | 67,113

The property is secured by a fixed charge.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts (secured) | 56,728 |  | 64,155

The property is secured by a fixed charge

Bank loans |  |  |
| 2025 |  | 2024
| £ |  | £
Between one and two years | 0 |  | 0
Between two and five years | 48,205 |  | 48,205
After five years | 8,523 |  | 15,950
| 56,728 |  | 64,155
On demand or within one year | 12,051 |  | 12,051
| 68,779 |  | 76,206