WLS Properties Limited

Filleted Accounts

31 July 2025

Registered number

09670731

WLS Properties Limited
Registered number:		09670731
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		118,861			121,035

Current assets
Debtors	4	11,607			11,913
Cash at bank and in hand		452			4,704
		12,059			16,617

Creditors: amounts falling due within one year	5	(50,525)			(43,311)

Net current liabilities			(38,466)			(26,694)

Total assets less current liabilities			80,395			94,341

Creditors: amounts falling due after more than one year	6		(49,988)			(55,136)



Net assets			30,407			39,205

Capital and reserves
Called up share capital			102			102
Profit and loss account			30,305			39,103

Shareholders' funds			30,407			39,205

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




William Smith
Director
Approved by the board on 22 April 2026

WLS Properties Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:



	Plant and machinery			15% reducing balance
	Moror Vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.




2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					0		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2024	112,110		3,657		13,800		129,567
	At 31 July 2025	112,110		3,657		13,800		129,567

	Depreciation
	At 1 August 2024	-		2,494		6,038		8,532
	Charge for the year	-		233		1,941		2,174
	At 31 July 2025	-		2,727		7,979		10,706

	Net book value
	At 31 July 2025	112,110		930		5,821		118,861
	At 31 July 2024	112,110		1,163		7,762		121,035


4	Debtors					2025		2024
£							£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest					11,607		11,549
	Other debtors					-		364
						11,607		11,913


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					10,307		10,824
	Taxation and social security costs					19,705		20,069
	Other creditors					20,513		12,418
						50,525		43,311






6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					49,988		55,136


7	Controlling party

	The company is under the control of its directors


8	Other information

	WLS Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Protection House
	Albion Road
	North Shields
	NE30 2RH