BrightAccountsProduction v1.0.0 v1.0.0 2024-08-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is property rental. 1 May 2026 0 0 NI625793 2025-07-31 NI625793 2024-07-31 NI625793 2023-07-31 NI625793 2024-08-01 2025-07-31 NI625793 2023-08-01 2024-07-31 NI625793 uk-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 NI625793 uk-curr:PoundSterling 2024-08-01 2025-07-31 NI625793 uk-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 NI625793 uk-bus:FullAccounts 2024-08-01 2025-07-31 NI625793 uk-bus:Director1 2024-08-01 2025-07-31 NI625793 uk-bus:CompanySecretaryDirector1 2024-08-01 2025-07-31 NI625793 uk-bus:CompanySecretary1 2024-08-01 2025-07-31 NI625793 uk-bus:RegisteredOffice 2024-08-01 2025-07-31 NI625793 uk-bus:Agent1 2024-08-01 2025-07-31 NI625793 uk-core:ShareCapital 2025-07-31 NI625793 uk-core:ShareCapital 2024-07-31 NI625793 uk-core:OtherReservesSubtotal 2025-07-31 NI625793 uk-core:OtherReservesSubtotal 2024-07-31 NI625793 uk-core:RetainedEarningsAccumulatedLosses 2025-07-31 NI625793 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 NI625793 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-07-31 NI625793 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-07-31 NI625793 uk-bus:FRS102 2024-08-01 2025-07-31 NI625793 uk-core:PlantMachinery 2024-08-01 2025-07-31 NI625793 uk-core:WithinOneYear 2025-07-31 NI625793 uk-core:WithinOneYear 2024-07-31 NI625793 uk-core:EmployeeBenefits 2024-07-31 NI625793 uk-core:EmployeeBenefits 2024-08-01 2025-07-31 NI625793 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-07-31 NI625793 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-07-31 NI625793 uk-core:OtherDeferredTax 2025-07-31 NI625793 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-07-31 NI625793 uk-core:EmployeeBenefits 2025-07-31 NI625793 2024-08-01 2025-07-31 NI625793 uk-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI625793

WSA Properties Ltd

Unaudited Financial Statements

for the financial year ended 31 July 2025

WSA Properties Ltd

DIRECTORS AND OTHER INFORMATION

Directors | Mr. Anthony Gill
| Mrs. Breda Gill
Company Secretary | Mrs. Breda Gill
Company Registration Number | NI625793
Registered Office and Business Address | 11 Ard Grange Close
| Derry
| BT48 0SY
Accountants | MCI Chartered Accountants
| Sentinel House
| 13 Pump Street
| Derry
| BT48 6JG
Bankers | First Trust Bank DAC
| Meadowbank
| Strand Road
| Derry
| BT48 7TN
Solicitors | Casey & Company
| 8 Shipquay Street
| Derry
| BT48 6DN

WSA Properties Ltd

Company Registration Number: NI625793

BALANCE SHEET

as at 31 July 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 4 | 401 |  | 535
Investment properties |  | 5 | 1,000,324 |  | 1,000,324
|  |  | ───────── |  | ─────────
Fixed Assets |  |  | 1,000,725 |  | 1,000,859
|  |  | ───────── |  | ─────────
Current Assets

Cash at bank and in hand |  |  | 32,549 |  | 54,271
Creditors: amounts falling due within one year |  | 6 | (673,407) |  | (711,353)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (640,858) |  | (657,082)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 359,867 |  | 343,777
Provisions for liabilities |  | 7 | (25,308) |  | (25,334)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 334,559 |  | 318,443
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 100 |  | 100
Other reserves |  |  | 132,798 |  | 132,798
Statement of income and retained earnings |  |  | 201,661 |  | 185,545
|  |  | ───────── |  | ─────────
Shareholders' Funds |  |  | 334,559 |  | 318,443
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Statement of Income and Retained Earnings and Directors' Report.

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

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 1 May 2026 and signed on its behalf by

Mr. Anthony Gill |  |  |  |  |
Director |  |  |  |  |
Mrs. Breda Gill

Director

WSA Properties Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 July 2025

1. | General Information
| WSA Properties Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI625793. The registered office of the company is 11 Ard Grange Close, Derry, BT48 0SY which is also the principal place of business of the company. The principal activity of the company is property rental. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 July 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Rental income is recognised when the right to receive payment is established.
| Impairment
| At each reporting year end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current markets assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the Profit and Loss account, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in the Profit and Loss account, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Office equipment | - | 15% Straight line
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Investment properties
| Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the Profit and loss account.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Taxation
| The charge for taxation is based on the results for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Provision is made at the rates expected to apply when the timing differences reverse. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in taxable profits in periods different from those in which they are recognised in the financial statements.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was 2, (2024 -2).

4. | Tangible assets
|  | Office | Total
|  | equipment |
|  | £ | £
| Cost or Valuation
| At 1 August 2024 | 669 | 669
|  | ───────── | ─────────
| At 31 July 2025 | 669 | 669
|  | ───────── | ─────────
| Depreciation
| At 1 August 2024 | 134 | 134
| Charge for the financial year | 134 | 134
|  | ───────── | ─────────
| At 31 July 2025 | 268 | 268
|  | ───────── | ─────────
| Net book value
| At 31 July 2025 | 401 | 401
|  | ═════════ | ═════════
| At 31 July 2024 | 535 | 535
|  | ═════════ | ═════════

5. | Investment Properties
|  | Investment
|  | properties
|  | £
| Cost
| At 31 July 2025 | 1,000,324
|  | ─────────
| Net book value
| At 31 July 2025 | 1,000,324
|  | ═════════
| At 31 July 2024 | 1,000,324
|  | ═════════
| The company's investment properties are included in the financial statements at fair value. The investment properties were valued by the directors who are not professionally qualified valuers.

6. | Creditors | 2025 | 2024
| Amounts falling due within one year | £ | £
| Taxation | 3,806 | 2,324
| Directors' current accounts | 662,952 | 693,788
| Amounts owed to related parties | - | 8,820
| Accruals | 6,649 | 6,421
|  | ───────── | ─────────
|  | 673,407 | 711,353
|  | ═════════ | ═════════

7. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Property | Total | Total
|  | allowances | revaluations |  |
|  |  |  | 2025 | 2024
|  | £ | £ | £ | £
| At financial year start | 102 | 25,232 | 25,334 | 25,232
| Charged to profit and loss | (26) | - | (26) | 102
|  | ───────── | ───────── | ───────── | ─────────
| At financial year end | 76 | 25,232 | 25,308 | 25,334
|  | ═════════ | ═════════ | ═════════ | ═════════