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Registered number:
Unaudited
Information for filing with the registrar
For the Period Ended
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HANDWISE LTD
Report to the directors on the preparation of the unaudited statutory financial statements of HANDWISE LTD for the Period Ended 31 August 2025
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HANDWISE LTD
Registered number: 11724011
Balance sheet
As at
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HANDWISE LTD
Registered number: 11724011
Balance sheet (continued)
As at 31 August 2025
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 4 to 7 form part of these financial statements.
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HANDWISE LTD
Notes to the financial statements
For the Period Ended 31 August 2025
Handwise Ltd is a company incorporated in England and Wales under the Companies Act. The principal activity of the company is that of property investment.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
Revenue represents gross rental income from the letting of property and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.
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HANDWISE LTD
Notes to the financial statements
For the Period Ended 31 August 2025
2.Accounting policies (continued)
The tax expense for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, except that a charge attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date. Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
The company's reserves are as follows:
• Called up share capital represents the nominal value of the shares issued • Profit and Loss Account represents cummulative profits or losses, net of dividends and other adjustments.
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HANDWISE LTD
Notes to the financial statements
For the Period Ended 31 August 2025
The 2025 valuations were made by the directors, on an open market value basis.
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HANDWISE LTD
Notes to the financial statements
For the Period Ended 31 August 2025
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